Ontario approves exploration grants
Two exploration assistance programs received royal assent on July 13. The Ontario Mineral Incentive Program will provide grants, up to 30% o f eligible expenses or an annual maximum of $150,000, to i…
News
Petromet studying Rambler tailings
Calgary-based Petromet Resources (TSE) says it is continuing to examine the possibility of reprocessing some old mine tailings at the former Rambler base metal property in Newfoundland. In a recent in…
Mikado drill ing returns good values at Red Elephant
Surface drilling by Mikado Resources (VSE) on the Red Elephant gold property, 60 miles southeast of Revelstoke, B.C., has returned a number of impressive assay results. The Red Elephant property is ow…
Toronto Stock Exchange (September 18, 1989)
The gold and silver index took a beating, sliding more than 42 pts or 0.71% to 5985.23 pts. The dip below the 6,000-pt mark was the first in several weeks. Gold bullion was an uninspiring $358.50(US) …
Calpine drill results fail to meet high expectations
The euphoric frenzy of trading activity on The Vancouver Stock Exchange triggered by spectacular drill results from the Eskay Creek project has been tempered by the latest set of assay results release…
Yellowstone acquires Idaho gold prospect
A gold-silver property in central Idaho’s Custer and Lehmi counties has been acquired by Yellowstone Resources from Denison Mine (US). The property covers ground in both northern Custer Cty. and sout…
Hanson Lake Project
FLIN FLON, Man. — A mine feasibility study is set to begin in November on the Hanson Lake zinc-copper deposit about 35 miles west of here, The Northern Miner learned while examining the project. Loca…
Granges set to close Tartan Lake
Closing the problem-plagued and unprofitable Tartan Lake gold mine in Manitoba is likely to be among the first of several initiatives undertaken by Colin Kaiser to place Granges Inc. (TSE) on the road…
News in Brief (September 18, 1989)
Mt. Calvery Resources has changed its name to Triumph Resources Ltd. (TUM:VSE) on a 1-new-for-4-old share basis. Transfer agent is Central Guaranty Trust Co.
Calpine to spend $2.3 million on GNC
The GNC property located immediately adjacent to the Eskay Creek property in northwestern British Columbia is to be the subject of a $2.3-million work program by Calpine Resources (VSE). Calpine is co…
Plexus swaps properties to acquire copper/gold project
By way of a property exchange with Cyprus Metals Exploration, Plexus Resources Corp. (TSE) has acquired development rights to an advanced copper-gold-silver property some 45 miles east of Salem, Ore. …
Australian speaker at CIM luncheon
Ross Thomas will be the guest speaker at the Canadian Institute of Mining and Metallurgy on Sept 21. The luncheon meeting, scheduled for 12.30 p.m., will be at the Upper Canada Room, Royal York Hotel….