UNB open house
The Geological Engineering Society at the University of New Brunswick (UNB) is hosting its fifth annual open house on Nov 20. The open house provides members of industry and government to become famil…
News
Nickel shines in Ontario; gold is Quebec’s top value
The high prices for nickel last year made the metal the largest income producer among Ontario’s minerals, the Ontario Ministry of Northern Development and Mines reports in its publication Ontario Mine…
Armistice taking on partner at Virginiatown gold bet
A new underground drilling program at the gold property belonging to Armistice Resources (ME) at Virginiatown, Ont., will be undertaken using the idle underground workings of the adjacent Kerr mine. G…
Rockblasting ceremony marks start on new research centre
A recent rock-blasting ceremony on the Laurentian University campus marked the foundation of Ontario’s new, $53-million mines and minerals research centre. Scheduled to be completed by late 1991, it w…
Trelleborg, Sherritt
Officers of Sherritt Gordon (TSE) are still trying to confirm if Swedish mining giant Trelleborg has secretly acquired up to 9% of Sherritt’s common shares on the open market, a Sherritt spokesman tol…
Esperanza revises Tillicum reserves
This season’s drilling by Esperanza Explorations (VSE) on its 100%-owned Tillicum Mountain property near Nelson, B.C., has resulted in a revision of reserves. The East Ridge zone is now reported to co…
Westfield’s sale of Chilean mine draws criticism
Some minority shareholders of Westfield Minerals (TSE) are unhappy with a recent transaction in which all of the company’s mining assets were transferred to a wholly owned Northgate Exploration (TSE) …
Hope Brook loss
The Hope Brook gold mine in Newfoundland continues to operate at a loss, owner Hope Brook Gold (TSE) says. For the third quarter ended Sept 30, Hope Brook lost $3.9 million or 13 cents per share. Alt…
COATS (over-the-counter) Teddy Bear steady
Teddy Bear Valley Mines was steady at $1.50-1.60 this week after posting a gain of more than a dollar last week on news of encouraging drill results released from a joint venture involving Noranda and…
Spot prices at a glance (November 13, 1989)
Week’s Price (US) Change Gold* $386.95 +$13.35 Silver* $ 5.27 +$ 0.10 Platinum* $494.25 +$ 7.00 Nickel** $ 4.67 –$ 0.15 Lead** $ …
Eskay gold values drop off base metals values continue
The latest assay results from the Eskay Creek project situated north of Stewart, B.C., are revealing lower grade precious metal values along with values in lead, zinc and copper. Eskay Creek is owned …
FINANCING (November 13, 1989)
ONTARIO Alta Ventures — min 700,000 offered @ 35 cents per sh. Int’l Azora — gross proceeds rec $600,000. Yukon Spirit Mines — gross proceeds rec $275,000. Golden Peaks Res — 250,000 flow-through…