Riverton Begins Program on Belleterre Mine
A $600,000- exploration program is now in progress on the Belleterre mine in northwestern Quebec, a former producer in Guillet Twp., which turned out 700,000 oz of gold from 1936 to 1959. The program …
News
U.S. REPORT Southlands Plans Placer Production
Placer production is planned for the Bidwell gold property near Redding, Calif., by joint venture partners, Bren-Mar Resources (VSE) and Southlands Mining Corp. (VSE). An agreement between the compani…
Lenders balk at Sceptre bid to acquire ailing Oakwood
Calgary-based Sceptre Resources (TSE) is still waiting for approval from a number of creditors before going ahead with its plan to acquire the assets of debt ridden Oakwood Petroleums (TSE) Sceptre mu…
News in Brief (December 26, 1988)
Consolidated P.C.R. Industries has changed its name to Oregon Resources Corp. (ORE:VSE) on a share-for-share basis. News in Brief Thor Gold has changed its name to Solomon Gold Corp. (SGT:ASE) on a sh…
U.S. REPORT Gold Texas completes Buckhorn drill program
Gold Texas Resources (VSE) reports significant drill results have been obtained from its 4,100-acre Buckhorn project located in Washington state. The property, owned jointly by Gold Texas and Crown Re…
Earnings Reports (December 26, 1988)
Landmark Corp. (TSE) of Toronto reports a net loss for the 9-month period ended Sept 30 of $6.14 million or 23 per share on revenue of $4.92 million. For the same period a year earlier the company re…
Esso expects bids in New Year
Bids will likely start coming in during the first week of January for the assets of Esso Minerals Canada, which were put on the selling block earlier this year by parent Imperial Oil. President Michae…
Hanson zinc-copper deposits firms up
Drilling by Cameco — A Canadian Mining & Energy Corp. on the Hanson Lake property has outlined three sulphide lenses displaying the potential for hosting in excess of three million tons of zinc-coppe…
Talk of platinum-free converter sends metal’s price reeling
The spot price of platinum dropped about $100 recently following an announcement in the United States by the Ford Motor Co. that it is developing a catalytic converter which does not require the metal…
FINANCING (December 19, 1988)
VANCOUVER Anglo American Res — 624,000 offered @ 45 per unit. Blue Emerald Res — gross proceeds rec $210,000. Loumic Res Ltd — gross proceeds rec $200,000. Tansy Res — 400,000 sold for gross $140…
Books (December 19, 1988)
Walter Guppy’s book “WetCoast Ventures” (N.M., Dec 5/88) can be ordered directly from him at Box 94, Tofino, B.C. VOR 2Z0. Or you can contact Guppy by phone (when he’s not out prospecting) at 604- 725…
Normetal meeting
A general and special meeting is being organized by Normetal Mining Exploration (ME) for Dec 21 at Rouyn-Noranda, Que., at which shareholders will vote on a private placement worth $400,000 with Socie…