First brick for Aunore, Nova-Beaucage
The first gold brick from the Elder mine project in Quebec’s Rouyn-Noranda area was poured in early March, partners Aunore Resources (ME) and Nova Beaucage Mines (TSE) report. Plans by the companies c…
News
Vancouver Stock Exchange Juniors languish awaiting gold rally
The external factors depressing equity markets across Canada remain very much in evidence and continue to keep wary investors on the sidelines. Gold in particular has yet to pull out its price slump, …
Editorial The Yellow Brick Road?
Brunswick Mining & Smelting produces only fertilizer, lead, zinc, copper and silver. Right? Well, if current negotiations pan out and a new sintering process works, the company may well be selling a w…
Cons. Jalna testing potential of Purdex bet
Based on encouraging results from its 1988 drill program, Consolidated Jalna Resources (VSE) is planning a further 30,000 ft of drilling for 1989 on its Purdex property located west of Kenora, Ont. Th…
Concessions sought on mineral tariffs
The American Mining Congress (AMC) has called on United States negotiators at the Uruguay Round of trade negotiations to seek concessions on minerals and metals tariffs from consuming nations to ensur…
Aurogin completes drilling program
Aurogin Resources has completed a drill program on properties under option from Morrison Minerals (COATS) in northeastern Ontario. Eight diamond drill holes were completed on seven of 12 magnetic anom…
Champion gets option
Champion Gold Resources (COATS) has signed an option agreement with Dore Norbaska Resources (TSE) giving it the right to earn a 15% interest in a gold property near Coronation Gulf, N.W.T. The propert…
FINANCING (April 10, 1989)
VANCOUVER Big Creek Res — 200,000 sold for gross $90,000. Bunker Hill Mng Co — opt exerc on 40,000 @ $3 per sh. Golden Rainbow Res — 500,000 sold for gross $160,000. Goldrite Mng Corp — opt exerc …
Correction (April 10, 1989)
Contrary to what was previously reported (N.M., Apr 3 /89, Encouraging results from Trader bet), Pamour Inc. was not a previous operator on a property held by Ronnoco Resources at Nighthawk Lake, near…
Black Swan plans Nevada program
An 8,000 ft drill program is planned this spring by Black Swan Gold Mines (TSE) on its Barrel Springs prospect in Pershing Cty., Nev. The property is held under option from Pershing Gold (SSE). The pr…
Gold funds as of April 4
BGR Goldcorp Central MVP Capital Net value $12.00% 8.93 6.47% $0.73 Price$ 9.50% 5.000 5.62% $0.55 Discount $ 20.83% 44.0% 13.1% 24.7% Value $7…
News in Brief (April 10, 1989)
Melrose Resources (VSE) has signed a letter of intent to purchase 20 claims in the Lac St. Jean area of Quebec. Terms of the agreement require Melrose to make payments totalling $10,000 and issue 100,…