Golden Terrace option
Golden Terrace Resources (TSE) has acquired an option to earn a 50% interest in the DeSantis gold property near Timmins, Ont. The option was acquired from Stan North Mining, a private company controll…
News
U.S. REPORT Fischer-Watt concludes pact with subsidiary of Inco Ltd
A joint venture agreement has been concluded between Fischer- Watt Gold Company and American Copper and Nickel, a subsidiary of Inco Ltd. (TSE). The agreement involves the exploration and development …
Esso to spend $1 million at Springhill
Esso Resources Canada, a wholly- owned subsidiary of Imperial Oil, is planning to spend $1 million on exploration to assess some coal deposits near Springhill, N.S. The program will include field mapp…
Wilanour,Annco, Wilmar merger
Wilanour Resources (TSE) recently announced that a meeting of its shareholders and those of its subsidiaries, Annco Mines and Wilmar Mines, has been called for Dec 28. The meeting will consider the pr…
Vancouver Stock,Exchange
With the Christmas season at hand, it was indeed quiet and peaceful on the western front. Even speculation on what 1989 may have in store is taking a back seat to Christmas activities and merry-making…
Moss-Power group drilling gold bets
The Moss-Power group of companies will have at least five drills busy this winter on four of its gold properties in northwestern Ontario, says Harry Hodge, president of Moss Resources (ASE) and Power …
Northgate earnings
Northgate Exploration (TSE) of Toronto reports net income for the 3-month period ended Sept 30, of $216,000 or 1 per share on revenue of $5.1 million. For the same quarter a year earlier the company …
Augmitto withdraws prospectus offering
Poor market conditions have forced Augmitto Explorations (TSE) to withdraw its prospectus offering in Quebec and Ontario, a move which could push back the planned opening in April of its Beauchastel g…
Kingswood finds new zone while drilling at Devon
Toronto-based Kingswood Explorations (ASE) has discovered what it believes is a major new shear zone at its Devon property near Matheson, Ont. where the first results from a 12-hole program have just …
A year to remeber
It seems like a bear’s age since Newmont Mining pulled a 1,040-ft hole averaging 0.495 oz gold per ton on its Post deposit in Nevada, but it’s really been less than a year. It’s been a year that would…
Tight market foreseen for platinum
An announcement by automaker Ford in the United States that it is developing a catalytic converter for motor vehicle emission control which doesn’t require platinum recently sent the market into a tiz…
Golden Dragon Res. options Matheson area gold property
A 25-claim gold property in Bond Twp., near Matheson, Ont., has been acquired by Golden Dragon Resources (VSE). The property covers the western extension of a fault zone which extends from the Harker-…