Goldex hits zone on Ormico gold bet
Goldex Mines (TSE) says it has intersected a new gold zone while drilling Ormico Exploration’s Val d’Or, Que., claims from the 1,250- ft level on its own ground. Goldex recently completed the work nee…
Articles by Northern Miner Staff
Homestake drilling Kamad Silver property (December 18, 1989)
A drill program by a subsidiary of Homestake Mining (NYSE) is under way on the Kamad 7 claim adjacent to the Minnova/Rea Gold Samatosum mine near Barriere, B.C. According to Kamad Silver (VSE), previo…
Rainbow releases Inco Expl. result
Results were released recently from a 4-hole program on the gold- copper project of Rainbow Exploration (ASE) and Inco Exploration in Falconbridge Twp., five miles northeast of Sudbury, Ont. Inco Expl…
Rayrock optimistic on potential to expand Stonehouse
Possibilities are good for an expansion of the Stonehouse gold deposit toward the west, Rayrock Yellowknife Resources (TSE), the project operator, says. Situated in Nevada near Rayrock’s Marigold mine…
Belmoral interested in Wrightbar drilling
Belmoral Mines (TSE) is watching with interest the drilling program being undertaken on the southern portion of the Bourlamaque Twp. property of Wrightbar Mines (ME) in northwestern Quebec. Wrightbar,…
Continental Pacific plans NWT programs (December 18, 1989)
After spending over $1 million on exploration this past season, Continental Pacific Resources (VSE) plans to spend a further $2 million in the 1990 season on its two key properties in the Northwest Te…
Deep drilling by Wrightbar testing base metal potential
Assay results are expected to be released this week from a 3,000-ft hole drilled to test for the depth extension of a zinc zone on Wrightbar Mines’ (ME) Bourlamaque Twp. property, east of Val d’Or. Th…
Louphior in merger
An amalgamation between Louphior Exploration (ME) and a numbered company, 169457 Canada, has been announced. Shareholders of Louphior will receive one share of the new company in return for four old s…
Hol-Lac ends option
An option held by Hol-Lac Gold Mines (COATS) to earn a 70% interest in two mineral prospects in Nevada has lapsed. The properties, known as Silver Hill and Hill 6968, were in Esmeralda Cty. The option…
Gold funds as of Dec 12
MVP BGR Central Capital Net value $12.26 $6.36 $0.51 Price $11.00 $6.62 $0.35 Discount 10.28% 4.2% 31% Value $72,999,398 $107,160,899 N/A…
IOCC GOLD OPTIONS (December 18, 1989)
Options Open Series Volume Last Interest Feb 420 C . 1,011 14.50 2,547 Feb 410 C . 881 20.00 1,104 Feb 450 C . 719 5.20 933 Feb 380 C . 592 44.00 1,014 Feb 430 C . 47…
Black Hawk drilling deep holes at Minago
Two deep holes are being drilled below 1,600 ft to probe for downdip extensions to the Minago nickel deposit in Manitoba, reports owner Black Hawk Mining (TSE). The Minago deposit is 140 miles south o…