Jascan, Scotia Prime to go underground
Two companies with plans for underground programs within the next six months are Jascan Resources (ASE) of Toronto and Scotia Prime Resources of Halifax. Jascan is drilling the Dufferin Mine property …
News
Augmitto financing
Private placements totalling $8 million have been completed by Augmitto Explorations (TSE). The company placed three million Class A special shares at $1.80 per share with European investors. Another …
Sharp increase in quarterly profit for Noranda Inc.
Earnings for Noranda Inc. (TSE) continue to sparkle. The resources giant recorded a second-quarter net income of $186 million on total revenue of $2.3 billion, compared with $103 million on revenue of…
Rio ’89 meetins
A call for papers has gone out for the 13th International Geochemical Exploration Symposium and the 2nd Brazilian Geochemical Congress slated for Rio de Janeiro Brazil, Oct 1-6, 1989. Sponsors of the …
Spectacular results bode well for Muscocho group’s Magnacon
Partners Flanagan McAdam Resources (TSE) (50%), Muscocho Explorations (TSE) (25%) and Windarra Minerals (VSE) (25%) have announced a flurry of drill ** results from the Magnacon property which can on…
Annual SME meeting
More than 5,000 delegates are expected to attend the annual meeting and exhibit of the Society of Mining Engineers set for Feb 27-March 2, 1989, in Las Vegas, NV. To be held in conjunction with the an…
Garrison encouraged by drill results
Further drilling is planned on property in Michaud Twp., 65 miles east of Timmins, Ont., reports COATS-listed Garrison Creek Consolidated Mines. The property’s Ludgate zone has been the site of recent…
Feasibility study underway at Goldstake’s tailings bet
The U.S. subsidiary of Goldstake Explorations (COATS) is conducting a feasibility study on its Whitewood Creek tailings project in South Dakota’s Black Hills area, shareholders were told at the annual…
Amax Gold expansion plan to add 40,000 oz per year
From remarks made by Charles Stott, Jr., president and chief executive officer of Amax Gold at the company’s 1988 annual meeting in Golden, Colorado. I’d like to give you an overview of the Sleeper Mi…
Dolphin drilling at Nfld. project
Encouraging drilling results have been reported by Dolphin Explorations (VSE) from its Cape Ray gold project in southwestern Newfoundland. The company, in which Corona Corp. (TSE) has a 44% interest, …
Bentley tries to sell Bagdad Chase mine
Bentley Resources (VSE) is negotiating the sale of its interest in the Bagdad Chase project in San Bernardino, Cty., Calif., to what it describes as a “major U.S mining company.” But the sale is condi…
Alberta Stock Exchange Twin, Louisiana active
A number of Alberta issues eased themselves out of the summer doldrums to post some substantial gains during trading this week. Leading the way were Twin Gold Mines and Louisiana Mining. They both add…