Filmon promises aid for Hud Bay project
Hudson Bay Mining and Smelting (TSE) received some encouraging news recently relating to its bid to win $86 million in federal and provincial govern ment loans for a modernization program at its coppe…
1989
Steen is resigning from Franco Nevada
President Peter Steen of Corona Corp. (TSE) recently resigned from the board of directors of Toronto- based Franco Nevada Mining (TSE). His resignat ion reflec ts the fact that Corona has sold all of …
News in Brief (September 25, 1989)
West Rim Resources has changed its name to Cimtek Integrated Manufacturing Technologies Inc. (CIN:VSE) on a share-for-share basis.
Dynatec closes stage 1 of Northfield placement
Northfield Minerals (ASE) and Dynatec International have completed the first part of an agreement which should see Dynatec acquiring 5.3 million sha res of Nor thfield at 45 cents per share. Dynatec …
Trader shares reach high as Swiss group takes over
Trader Resources (TSE) is looking for ways to fund exploration at the Ronnoco Gold Mines (COATS) property near Timmins, Ont., after reaching a proposed out-of -court settlement with the company that u…
Aur director earns profit from sale of company stake
Leo Thibodeau, a director and original financial backer of Aur Resources (TSE), made a tidy profit recently while increasing his stake in the Toronto-based go ld producer. According to a recent Ontari…
Vipond Mine, Schumacher, Ont. c. 1920
The headframe is typical of the next stage in the evolution of mine headframes: it is completely enclosed. Enclosed headframes are also called shafthouses. The shafthouse keeps out the frost and the …
INDICES:TO
Toronto Stock Exchange Indices 1989 Sept 19 Sept 18 Sept 15 Sept 14 Sept 13 HIGH LOW Composite “300” 3900.953899.323896. 323891.163917.014019.623353.13 Metals & Minerals 3660.333698.8…
New Cambior mine honors former Sullivan chairman
The newest producing gold property of Cambior Inc. (TSE) has been officially opened and given a new name: the Lucien C. Beliveau mine. Situated 15 miles east of here just off the main highway, the mi…
Troymin at Hanson Lake
Troymin Resources (ASE) and Granges Inc. (TSE) are considering exploration plans for their 11,000- acre property near Hanson Lake, Sask. The prope rty hosts tw o small sulphide lenses known as the Bal…
Eastmain Sept 15
The depressed environment for raising exploration funds for junior companies is being blamed by Eastmain Resources (TSE) for its inability to contri bute to th e 1989 exploration program conducted by …
LAC to earn 50% of DRX gold bet
New York-based DRX Inc. is teaming up with Toronto gold producer LAC Minerals (TSE) to explore DRX’s Midas property on the Carlin Trend in Nevada. The 283-claim property lies in the northwestern end o…