Rio Algom increases stake in Pan Orvana
Resource giant Rio Algom (TSE) increased its stake in privately held Pan Orvana Resources through a private placement of 500,000 common shares priced at $1.10 per share. The purchase brings Rio Algom’…
News
LAC expands White River holdings
Toronto-based LAC Minerals (TSE) has expanded its land holdings east of the Hemlo gold camp in northern Ontario. The company has staked at least 650 new claims near White River, Ont., while at the sam…
Aur hits widest section yet in deep hole at Louvicourt
Results from the latest round of drilling at the Aur Resources (TSE), Societe Miniere Louvem (TSE) discovery near Val d’Or, Que., indicate that the deposit is still opening up at depth. That was confi…
Callahan losses total $3.3 million
Arizona-based Callahan Mining (NYSE) is reporting a loss of $3.3 million(US) or 43 cents per share for the first nine months of 1989. The company reported a loss of $1.89 million or 25 cents per sha…
News in Brief (November 13, 1989)
Trader Resource (TSE) says it plans to exercise its option to acquire all of the shares of Ronnoco Gold Mines (COATS) held by Broulan Resources (TSE) and a private estate at $1.25 per share. Broulan o…
Corona renewing option at Varna’s Mings Bight
An exploration program conducted by Corona Corp. (TSE) on Varna Gold’s (ASE) Mings Bight property in Newfoundland is focusing on two separate gold zones about 150-300 ft apart. As part of its plan to …
Platinum assays imminent from Platinova/Corona bet
While they are still waiting for the remaining assay results from drilling on a gold-platinum group metals project in Greenland’s eastern coastline, Corona Corp. (TSE) and partner Platinova Resources …
Inco feasibility for Cochenour
Inco Gold, a wholly owned subsidiary of Inco Ltd. (TSE), is encouraged with results from the Cochenour-Willans project near Red Lake, Ont., and plans to continue with drilling, bulk sampling and a fea…
Integrated encouraged at Goat
Edmonton-based Integrated Resources (ASE), which is making a takeover bid for Northern Minerals (TSE), recently obtained some encouraging results from exploration at its Goat gold project near Telegra…
Conference set for workers compensation
The third annual conference on Workers’ Compensation, sponsored by the Employers Council on Workers’ Compensation, will be held at the Metro Toronto Convention Centre Nov 29. The conference will begin…
Metal Prices PRODUCER PRICES (November 13, 1989)
ALUMINUM: MW U.S. Market US79.00 cents – 80.00 cents per lb. (Oct 26, 1989). ANTIMONY: New York dealer US94 cents -98 cents per lb. (Sept 14, 1989). BISMUTH: New York dealer $4.80-$4.90(US) per lb. (…
GSR, Northfield deal
An agreement has been signed between Northfield Minerals (ASE) and GSR Acquisitions, to purchase an additional 68.5% interest in the Larder Lake gold project near Kirkland Lake, Ont. GSR is acquiring …