Dofasco’s Ontario mines set to close next year
Hamilton-based steelmaker Dofasco Inc. (TSE) recently announced plans to discontinue operations at its two northern Ontario iron mines. The Adams Mine at Kirkland Lake and the Sherman Mine at Temagami…
News
Corona takeover offers extended two weeks
A 2-week extension has been announced by Corona Corp. (TSE) on its takeover offers for Dickenson Mines (TSE) and Kam-Kotia Mines (TSE). The original deadline for shareholders to respond was March 7. C…
Diana Res. begins drill program
Diana Resources (VSE) says a 7,000-ft drill program will begin shortly on its 82 claim Obatogamau gold property in the Chibougamau area of Quebec. Two surface gold showings will be tested, together wi…
Coxheath problems
Low mill recoveries have forced Coxheath Gold Holdings (TSE) to lay off 63 employees at its Tangier gold mine operation in Nova Scotia. As a result of the low mill recoveries, Coxheath has reduced its…
Thunderwood’s Gold Hawk yields high grade gold
While still in the early stages of underground exploration at its Gold Hawk property near Val d’Or Que., International Thunderwood Explorations (TSE) says it is already getting some encouraging result…
Correction (March 13, 1989)
The tonnage range given for the sulphide lenses on the Cominco/ Redfern Tulsequah Chief project was misstated (N.M., Mar 6/89). In fact, the sulphide lenses ranged from 50,000 to 400,000 tons.
Platinova, partners plan to dredge for aggregate in Lake Ontario
Toronto-based junior Platinova Resources (TSE) is planning to dredge Lake Ontario for fine aggregate for sale to the concrete industry. Using Scandinavian dredging technology, Platinova and its partne…
Doron completes drill program on Yukon gold project
After completing an initial drill program on its 100%-owned Caribou Creek gold property, Doron Explorations (VSE) says it has outlined a mineral horizon over a strike length of 500 ft that is still op…
People (March 13, 1989)
SEVERIDE RESOURCES – Timothy Hoars appointed a director succeeding Murray Sinclair.
Newmont exploring Miramar’s Nevada gold properties
Exploration and development work under the direction of Newmont Exploration is continuing through the winter season on the Paymaster properties in Nevada, a bulk tonnage disseminated gold project. Ear…
Earnings Reports (March 13, 1989)
Horizon Gold Shares (NASDAQ) reports a net loss of $195,358(US) or 1 cents per share for the three months ended Dec 31. For the nine months ending the same date net income was $1.03 million or 6 cents…
Granges, Mid-North
A drill program operated by Granges Exploration (TSE) has intersected encouraging gold values from the Gurney project, east of Flin Flon, Man. The project is held in joint venture with Mid- North Reso…