Drilling confirms Lightning zone
The latest batch of drill results from the Lightning zone of the Holloway project owned 60/40 by Noranda (TSE) and Freewest Resources (TSE) confirm a major gold deposit with significant widths is taki…
News
Aurora drill program
A 4-hole drill program is under way on Aurora Gold’s (ASE) Best Chance copper property in the Yukon Territory. The company hopes to increase minable tonnage on the property by testing a possible south…
LETTERS TO THE EDITOR Exploration needs more investor incentives
My letters to federal Mines Minister Jake Epp, pointing out theseverity of the downturn in mineral exploration in Canada, have not gone unheeded. I recently received a reply from Mr. Epp, indicating t…
Museum mineralogy subject of series
The mineral collection of the Royal Ontario Museum (ROM) will be “on display” in January when the mineralogy department presents its Cocktails with Curators IV. On three Tuesday evenings (Jan. 8, 15 a…
LETTERS TO THE EDITOR Acquiring shares at a discount
Your recent editorial (T.N.M., Oct. 15/90) discusses how investors could acquire shares in junior companies with large cash positions at a discount. As a shareholder in Eurus Resource, I just received…
Aurizon’s Beacon bet yields barren holes
No economic values were encountered in a recent 15,000-ft. drill program completed by Rio Algom (TSE) on the Beacon base metal property of Aurizon Mines (TSE) near Val d’Or, Que. The claims are about …
Anglo encouraged
Narrow intersections carrying visible gold have been reported by Anglo Canadian Mining (TSE) from some recently completed drill holes on its MWF property near Timmins, Ont. The claims are situated in …
Audrey, Minnova officials blame brokers for rumors
Rumors sparked by a 55 cents increase in the price of Audrey Resources (TSE) shares and a shortage of reserves at four mines held by Minnova (TSE) recently led investors to conclude that Audrey may be…
Swiss bank case could force Comaplex to sell more assets
Under normal circumstances, recent assays from the Meliadine gold project in the Northwest Territories would have offered Comaplex Resources International (TSE) a financial shot in the arm. The announ…
Citadel Gold buying Jam-Can
Toronto-based Citadel Gold Mines (TSE) has agreed to buy all the shares of Jam-Can Resources, a private company, in exchange for 1.45 million shares of Citadel at 15 cents per share. Jam-Can holds thr…
METAL PRICES FUTURES PRICES (November 12, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Nov 115.80 114.80 115.00 — 2.55 Dec 115.40 113.40 114.95 — 0.70 Jan 114.20 114.20 114.15 +0.95 SILVER (in US ce…
Costigan drilling at Sewell Brook gets good zinc-lead-silver values
Drills probing a geophysical anomaly on NovaGold Resources’ (TSE) Sewell Brook property near Plaster Rock, N.B., continue to intersect a high-grade lens of zinc- lead-copper mineralization. Hole 10, d…