Glimmer Resources
Glimmer Resources (VSE) and Master Gold did not sign a farm-in agreement before the Dec 12 deadline as intended. Glimmer is continuing negotiations and is actively seeking participation which will ens…
News
Queenstake acquires new placer project
In 1989, Queenstake Resources (TSE) intends to expand the present production unit and carry out a phased exploration program to increase reserves on a newly-optioned placer gold property in the Atlin …
Montreal Exchange (January 02, 1989)
A quiet market for some months gave way to near non-action during the holiday-shortened Christmas trading week, with the volume on the first trading day after Dec 25 dropping to 1.3 million shares. Ea…
Innovations TUNNEL-BORING BREAKTHROUGH
Rumor has it there will be a major Rbreakthrough in tunnel-boring Rcoming from research on the Strategic Defence Initiative in the U.S. Millions of dollars are being spent there to have missile silos …
Athabaska results encouraging
Assay results have been reported for three more holes from Athabaska Gold Resources’ (VSE) Nicholas Lake property 60 miles north of Yellowknife, N.W.T. High grade gold veins in the Main zone were test…
Delta Gold gets funding
Initial discussions with bankers, brokers and consultants as to the viability of funding the building of one of the world’s largest platinum mines are meeting with success, Delta Gold NL says. In a fe…
Sampling results from Ontario Graphite property
Initial results from a sampling program on the Timmins graphite property were released by joint venture partners, Black Hawk Mining (TSE) and Lodi Metals (VSE). The samples were taken from two trenche…
Cross-Cuts WILL COPPER COME A CROPPER?
Energy, Mines and Resources Canada estimates that Canada’s copper production will begin to fall off sharply in about five years, unless a whopping new find is unearthed very soon. Writing in the Septe…
International banks loan Cameco $650 million
Cameco — A Canadian Mining and Energy Corp., has arranged a $650-million loan with a consortium of 11 Canadian and foreign banks. The cash will be used to repay promissory notes issued at the time of…
International Baron signs deals at three U.S. plays
Vancouver-based International Baron Resources (VSE) has followed up its $400,000 initial offering by signing option agreements on three United States gold properties. In the first, International Baron…
BREAKING NEW GROUND ANSIL
A new mine is gearing up for production during the first quarter of this year in northwestern Quebec and — believe it or not — it is not a gold property. Rather, it is the massive sulphide Ansil co…
BREAKING NEW GROUND BEAUCHASTEL
More than half a century after it was first known to contain gold mineralization, the Beauchastel property, near Rouyn-Noranda, Que., is about to become a producer. The property’s owner and developer,…