Nalcap seeks liquidation of Equity Preservation
If Nalcap Holdings’ (VSE) President Michael Smith has his way, the main item of business at the next meeting of Equity Preservation Co rp. will be a proposal to liquidate the company. Nalcap, which c…
News
Hemlo grades decline at depth
One assumption about the Hemlo orebodies has been that the gold grade consistently rises and the deposit widens with depth. That’s only half true. In both the Golden Giant mine, operated by Hemlo Gol…
Verdstone, Sirius to sample placer claims
Bulk sampling of a placer gold deposit, situated 100 miles northeast of Watson Lake, N.W.T., is scheduled to get under way this month by partners Sirius Resources (VSE) and Verdstone Gold (VSE). The…
FINANCING ONTARIO
Timmins Nickel — final rec iss offer min 1,700,000 & max 3,800,000 @ $1.75 perish to net min $2,737,000 & max $6,118,000. VANCOUVER Lynnfield Res — 525,000 offereed @ 45 cents per sh. Oropex Miner…
Corona earns stake in Iskut claims
Gold producer Corona Corp. (TSE) is emerging as a major player, both directly and indirectly, in northwestern British Columbia’s gold c amps. The company already has varying interests in a number of c…
Placer Dome finances metallurgical testwork at J&L
The J&L property near Revelstoke, B.C., contains a gold, silver, lead and zinc deposit with potential to be a polymetallic mine. But because the mineralization at J&L is refractory and contains high a…
Intl. Platinum busy on five properties
A diamond drilling program is under way on the Picket Pin project of International Platinum (TSE). The property is nine miles from the Still water platinum-pal ladium mine in Montana. In a recent prog…
Alberta Stock Exchange Roper Rises
When a company like Pan East Resources trades over one million shares in a single session there are usually some drill results or a financing to e xplain all t he activity. But in Pan East’s case ther…
Ontario’s mineral potential studied
According to a recently-released study, on average, $37 million and six years of activity are required to find and delineate an economic deposit in Ontario. The report, prepared by the Centre for Reso…
Northgate emerges with 50% stake in Neptune gold bet
Toronto-based Northgate Exploration (TSE) has emerged with a bigger stake in Neptune Resources’ (TSE) Colomac gold project after exercising its opti on to acqu ire a 30% interest in the project for $2…
Corona finds new zone at Varna Gold project
Drilling on Ming’s Bight property of Varna Gold (ASE) in Newfoundland continues to yield some interesting results. Exploration there is being financed by Toronto-based Corona Corp. (TSE), which can e…
Pegasus options Comet gold mine
U.S. gold producer Pegasus Gold Corp. (TSE) has secured an option from High River Gold Mines (VSE) to acquire that company’s interest in the Comet mine proper ty in Jefferson Cty., Mont. The project …