Granges, Hemlo Gold settle differences
The differces between Granges Exploration (TSE) and Hemlo Gold Mines (TSE) with respect to the 2.2 million shares of Granges recently acquired by Hemlo Gold have been resolved. Now that the dust has s…
1988
20% of Inspiration’s revenues hinge on $130-m. Flin Flon
Ethical investment funds do not hold shares in New York-based Inspiration Resources (TSE), which this week traded in Toronto at about $8. The reason: an indirect connection to two South African mining…
Franco share price scuttles Corona deal
Toronto-based Franco-Nevada Mining (TSE) has become another victim of the market malaise that is currently affecting Canadian gold stocks. With its share price down to just below $7 on the Toronto Sto…
Obituaries John J. Crowhurst
John J. Crowhurst, one of Canada’s best known mining engineers died Aug 13 at the Delta Hospital in Ladner, B.C. at the age of 69. “Jack” was educated in Vancouver, graduating from the University of B…
Commodity index falls despite strong metals
A slight pickup in metals and minerals helped to keep Scotiabank’s all-commodity price index from falling by more than 2% in August, the bank reports. Higher prices for aluminum, potash and sulphur du…
Kenora Gold buys granite property
Kenora Gold Occurrences (ASE) has optioned a granite property, 50 km north of Kenora, Ont. The deposit is massive, well jointed and easily quarried, with good road access. The granite is described as …
Cassiar purchase of Similkameen increases sales and profitability
Depending on whom you talk to, it was either the deal of the year or the steal of the year, although the facts would seem to support the latter. In any event, the purchase by Cassiar Mining Corp. (TS…
Highland Valley Copper to close Bethlehem concentrator
Highland Valley Copper plans to shut down the Bethlehem concentrator within two months of the planned May, 1989 start-up of the relocated Highmont mills at the expanded Lornex concentrator. The compan…
Kingswood bullish on Devon results
Toronto-based Kingswood Explorations (ASE) says it is planning to begin drilling Coulson Resources’ (ASE) Devon mine property east of Timmins, Ont. following a takeover bid for Coulson. Pending shareh…
Greenstone drilling for Sullivan geology at McNeil
A drill program is under way on the McNeil property held equally by Greenstone Resources (TSE) and Dragoon Resources (VSE). Located in the Kootenay area of the province, the McNeil property has geolog…
Hemlo Gold makes $10 Million loan to Viceroy
The Castle Mountain property owned 100% by Viceroy Resource Corp. (TSE) is another step closer to becoming a new heap leach gold producer in California. A joint venture and credit agreement on the pro…
Fairfield Expands Exploration Projects
Two new precious metal prospects were acquired in the Okanagan region of British Columbia by Fairfield Minerals (VSE). The company also has several properties in the area under option to Placer Dome (…