Corona gets $5 million for future exploration
An agreement with CMP 1990 will provide Corona (TSE) with $5 million for exploration financing. Under the terms of the agreement, Corona will receive $3.5 million from CMP in return for up to 375,110 …
News
News in brief (June 04, 1990)
BGR Metals has declared a regular quarterly dividend of 25 cents per common and class A share, payable April 27, 1990.
Toronto Stock Exchange Rally continues amid rumors of third Eskay
A market rally sparked by renewed optimism over the U.S. economy appeared to gain some momentum today, May 30. The composite 300 stock index, which represents a wide measure of Canadian share values, …
Tandem, N.A. Rare flow-through deals
Toronto-based Tandem Resources (ME) has arranged for a flow-through private placement of $250,000 with CMP 1990 Resource Partnership and Co. The placement is priced at the lesser of 30 cents or 95% of…
Westview sees Lupin-type potential at Ren property
Vancouver-based Westview Resources (VSE) is funding a 10,000-ft. diamond drilling program this summer on what it considers to be a new “Lupin-type” gold deposit on the REN property in the Northwest Te…
Timmins Land to buy Breakwater’s Rundle
Timmins Land, a privately owned company based in Timmins, Ont., has entered into an agreement with Breakwater Resources (TSE) to buy the South Rundle mine property for $1.5 million. The 800-acre prope…
METALLURGICAL GRAB-BAG
Bacteria Cellulose A chemical has been created using an advanced biotechnological process involving a strain of bacteria that produces cellulose. The resulting product, called Cellulon, has properties…
HUGE HAULERS
What moves on all fours, stands Wso tall that even basketball Wplayers can walk under it, and sports a pea-sized brain (relative to its mass, of course)? Well, certain types of dinosaur would have qua…
PRIMARY INDUSTRIES
I was shocked by the first paragraph of your editorial (“Blessing or Curse?”) in the October, 1989, issue. To read these comments in a newspaper is understandable, but in an otherwise good mining trad…
THE BLUENOSE PROJECT
Nova Scotia started down the path of energy self-sufficiency through coal many years ago and it appears the path also leads to the U.S. export market. The Nova Scotia Power Corp. has conceived a plan,…
CURBING BLAST DAMAGE
Intuition, rather than hard facts, more often guides mine operators in predicting the adverse effects blasts will have on mine excavations. But predicting blast-induced damage is slowly coming into it…
ENTREPRENEURIAL UPSTART; BLM’s Risto Laamanen
The mine engineering consulting Tand contracting establishment Tin Canada was built around the strong entrepreneurial, pioneering spirit of several mining men. That spirit was characterized by a willi…