McFinley extends date for rights offering
The expiry date for McFinley Red Lake Mines’ (TSE) current rights offering to shareholders has been extended to April 6 because of delays in distribution of the rights offering documents to United Kin…
News
KING OF ZINC
As base metals mines go, the No. 12 mine in Bathurst, N.B., is No. 1 in more ways than one. No mine in the world can top it in terms of zinc-in-concentrate produced each year (about 238,000 tonnes). A…
News in Brief (April 03, 1989)
Lakeshore Minerals (ASE) has acquired a 33-claim gold property in Maricopa Cty., Ariz. Consideration paid for the claims was 100,000 common shares of Lakeshore. The property is subject to a 10% net pr…
INSIDER TRADES (April 03, 1989)
Amer. Barrick — Horsham Sec. bought 1,170,300 (Feb.) @ $23.07-$23.50 to hold 14,366,396. Augdome — J. Archibald sold 10,000 @ 30 cents (Sept./88, amended) and 25,000 (Feb., private) @ 21-22 cents …
IOCC GOLD OPTIONS (April 03, 1989)
Options Open Series Volume Last Interest May 390 C * 40 12.00 593 May 400 C 1,026 4.20 4,184 May 420 C * 251 1.50 2,918 May 440 C * 130 0.40 2,736 Aug 400 C * 68 …
Corona declares write-down for Nickel Plate project
Major North American gold producer Corona Corp. (TSE) decided to declare a write-down of $108 million in 1988 after revising ore reserves at its Nickel Plate mine in southern British Columbia. Last ye…
Canamax to sell Hundere prospect for $10 million
A $10-million offer for its Mt. Hundere zinc-lead-silver project in the Yukon was too good to be refused by Toronto-based Canamax Resources (TSE). After outlining 5.2 million tonnes of grade 18.5% com…
Correction (April 03, 1989)
Contrary to what was was reported recently (N.M., March 20/89), Calgary-based Baloil Resources (ASE) intersected 8.8 ft of grade 0.13 oz gold per ton in drill hole DDH-1 during a 2,400-ft program at i…
50 YEARS AGO TODAY IS A WORLD WAR ON THE HORIZON?
Nobody knows with certainty, but everybody is interested in the possibility. If war comes, what then? In the first instance, it would be recognized that such a war would not break on an unprepared wor…
Federal-provincial MDAs include extra year for compiling
Five provinces may have thought the 5-year Mineral Development Agreement (MDA) they signed with the federal government in 1984 expired at the end of March, but in reality the agreements have a sixth y…
American Platinum drilling on Angle Bay
A follow-up drill program is planned by American Platinum (VSE) on the company’s Angle Bay platinum group metals (PGM) project, near Lac des Iles, Ont. The four-to-five-hole program, expected to begin…
Orenda Gold no longer exists
I recently inherited 100 shares of Orenada Gold Mines purchased in 1945, and I would like to know if these shares have any current value. If they are of value, how can I redeem them? R.M., Leamington,…