Golden Range seeks financing
Golden Range Resources (TSE) is seeking financing in the amount of $250,000 to fund exploration on the Sylvia gold-silver-zinc property 70 miles southeast of Flin Flon, Man. Work completed by Golden R…
News
Toronto Stock Exchange Gold isues stage comeback despite low prices
Gold issues put in a surprisingly strong performance today, despite more talk that bullion is going to head further south. The gold sector is being carried away by the market rally which added another…
Ican probes beneath Racey gold property
The first results from a winter drill program at Ican Minerals’ (TSE) Racey gold property in Oregon have just been released. After completing 30 holes before Christmas, Ican has two drill rigs on site…
Share prices of Dickenson, Kam-Kotia up sharply after Corona
Prices for the B shares of Dickenson Mines (TSE) and the common shares of Kam-Kotia Mines (TSE) jumped sharply following the announcement of a proposed takeover bid by Corona Corp. (TSE). At the close…
Magnacon project on schedule
Mine development at the Mag- nacon project in the Mishibishu area is proceeding on schedule, partners Muscocho Explorations (TSE), Windarra Minerals (TSE) and Flanagan McAdam Resources (TSE) say. Loca…
Westmont gold mine stepping stone for increased production in
Until the Ridgeway mine came on stream (N.M., Feb 6/88) Westmont Mining’s heap leach operation near here was the largest gold mine in South Carolina, a state that is fast becoming recognized for its g…
Wrightbar’s plans for Bourlamaque placed on hold until better
Development plans for Wrightbar Mines’ (ME) Bourlamaque gold property near Val d’Or, Que., have been put on hold. President W. J. Cluff said the project operator, Belmoral Mines (TSE), has been asked …
TVX sells to Placer Dome 50% stake in La Coipa bet
The sale of Consolidated TVX Mining’s 50% interest in a large Chilean gold/silver project to Placer Dome (TSE) was completed recently. Placer Dome has agreed to pay $63 million cash and assume respons…
FINANCING (February 13, 1989)
VANCOUVER Quantum Res Corp. — gross proceeds rec $180,000. Safari Int’l Res — gross proceeds rec $140,000. Benton Res Ltd — 600,000 sold for gross $750,000. Davic Enterprises Inc — 450,000 sold fo…
Hislop bet contract let by Goldpost Res.
A contract has been let to complete a 10,000-ft underground drill program at Goldpost Resources’ (TSE) Hislop East property near Ramore in northern Ontario. The Hislop East property is straddled by th…
Armistice pulls exciting section
Another encouraging intersection has been encountered by Armistice Resources (ME), which is involved in a deep drilling program on property at Virginiatown in northern Ontario adjacent to the western …
Australian firm to buy 33% stake in Granges
It looks as if Granges Exploration (TSE) will be taking on a major shareholder in the form of MIM Holdings of Australia. Under a recently concluded agreement between the two companies, MIM Canada will…