Belmoral rejects Ketza, Canamax sues
Toronto-based Canamax Resources (TSE) is taking Belmoral Mines (TSE) to court over Belmoral’s decision not to purchase the troubled Ketza River gold mine at Ross River, Y.T. In a brief statement, Cana…
News
Vancouver Stock Exchange Juniors languish awaiting gold rally
The external factors depressing equity markets across Canada remain very much in evidence and continue to keep wary investors on the sidelines. Gold in particular has yet to pull out its price slump, …
Stroud, Exador drilling extends Leckie zone
A drill program has extended a gold mineralized zone along strike and at depth, partners Stroud Resources (TSE) and Exador Resources (TSE) say. Work on their Leckie property north of Temagami, Ont., e…
Placer funding Lassie drilling
An exploration agreement has been entered into between Lassie Red Lake Gold Mines (COATS) and Placer Dome (TSE) whereby the latter will provide funds for an exploration program on Lassie’s Red Lake pr…
Sale of Whim Creek assets unaffected by suitor bid
Australia-based Whim Creek Consolidated NL may be playing hard to get with suitor Dominion Mining of Australia, but the sale of Whim Creek’s offshore assets to a Bermuda banking company has already be…
Teck takes position in Redfern Resources
While emphasizing that it’s not a proxy for Cominco Ltd. (TSE), Teck Corp. (TSE), Cominco’s largest corporate shareholder, has taken a small but significant position in Redfern Resources (VSE). Subjec…
Metal Prices FUTURES PRICES (April 17, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr144.20 141.00 141.00 + 12.70 May143.90 139.35 140.00 + 11.80 Jul135.70 132.30 13…
Alberta Stock Exchange Baslen active (April 17, 1989)
A group of Texas brokers recently took a tour of International Baslen’s Laduboro/Montreal Trust gold property in the heart of Val d’Or, Que, where a $300,000 drill program is under way. While Baslen T…
Shebandowan mine producing again
Solid strength in base metal prices has prompted Inco Ltd. (TSE) to quietly reopen its Shebandowan nickel-copper mine west of Thunder Bay, Ont. Last winter Inco let a contract for mining and milling a…
Spot prices at a glance (April 17, 1989)
Price Week’s ($US) Change($) Gold* 384.15 –0.25 Silver* 5.82 + 0.02 Platinum* 527.50 + 2.75 Nickel** 6.58 — 0.44 Lead** …
Vista Mines faces management change
A change in management will take place at Vista Mines (TSE) shortly. The company, along with its major shareholders, feels that full time professional management is required to properly direct Vista’s…
Correction (April 17, 1989)
Contrary to what was reported in The Northern Miner recently, Octan Resources’ (ASE) Norex property in the Northwest Territories is thought to host 850 tons of material at an average grade of 250 oz s…