Sheridan buys more New Golden Sceptre
Mining entrepreneur J. Patrick Sheridan has filed notice with the Toronto Stock Exchange of his intention to acquire up to 915,763 additional shares of New Golden Sceptre Minerals (TSE) on the open ma…
News
Chinese get close look at Canadian mining
Canada’s gold industry may not be all that old when compared with China’s, but it appears Canadians may be in a position to teach a mining trick or two to the Oriental nation. A small delegation of Ch…
Corona sues to halt bid by Goldcorp
A lawsuit has been launched by Corona Corp. (TSE) in the Supreme Court of Ontario dealing with the takeover battle for associated companies Dickenson Mines (TSE) and Kam-Kotia Mines (TSE). The legal a…
People (April 10, 1989)
URANIUM RESOURCES — Joe H. Card appointed vice-president marketing; Kelly L. Biddle appointed vice-president, plant manager.
Juneau conference
The mineral potential of southeast Alaska, western British Columbia and the Yukon Territory will be addressed at “Conference Juneau,” a symposium being held April 19-22 in Juneau, Alaska. Two full day…
Chesbar, Murgold into test milling
Test milling of material from the Chester Twp. gold property of Chesbar Resources (TSE) and Murgold Resources (TSE) near Gogama, Ont., is under way. The companies — Chesbar has a 60% interest and Mur…
Minnova, Laramide plan work on Lara
A major exploration program is planned this year on the Lara deposit of Minnova Inc. (TSE) and Laramide Resources (TSE on southern Vancouver Island. The Lara massive sulphide deposit has drill- indica…
Val d’Or, Abcourt deal
An agreement between Val d’Or Resources (ME) and Abcourt Mines (ME) concerning the Vendome zinc-gold deposit has been renegotiated. Located near Val d’Or, Que., the Vendome deposit hosts reserves of 3…
Falconbridge doubts nickel price justifies Raglan go-ahead
A conclusion by Falconbridge Ltd. (TSE) that an average price of $4 per lb(US) nickel over the next seven years is unrealistic, is the main factor constraining development of the huge nickel-copper de…
Toronto Stock Exchange High rates to blame for dull trading
Investors, spooked by sky-high interest rates, continued to shun the equity markets. Listless, dull trading was the order of the day as only 19.8 million shares exchanged hands. A small 3.55-pt gain w…
Low costs offset gold prices for FMC
By continuing to stress efficient operations and low cost production, FMC Gold Company (NYSE) expects to weather the recent downturn in gold prices and maintain its status as one of the most profitabl…
Despite remote location Sulphurets’ Kerr looks viable
A preliminary economic appraisal of the recently- discovered Kerr copper-gold deposit has Sulphurets Gold Corp. (VSE) confident the deposit could be mined profitably despite its remote northwestern Br…