Goldquest-Chevron deal
Toronto-based junior Goldquest Exploration (TSE) has signed a letter of intent with Chevron Minerals whereby the latter may earn a 50% interest in certain properties belonging to Goldquest in the Red …
1989
Radisson plans production in August at Duquesne bet
Having acquired a 25% interest in the Duquesne gold project about 19 miles north of Rouyn-Noranda, Radisson Mining Resources (ME) reports it plans to purchase the remaining 75% interest as well. And, …
Sparton vends out Lac St. Jean bet
Vancouver-based Yellow Band Resources (VSE) has expanded its interests in the Dolbeau area of Quebec to include a group of 31 claims held by Sparton Resources (TSE). Located about two miles north east…
Towns grow from mines
The development of the Hemlo gold deposits is an often- cited example of the impact of mine development on nearby communities. The population of Marathon has grown to 5,200 from 3,050 and Manitouwad…
Duration, Aurogin active at Batchewana
Duration Mines (TSE) is allowing its Theresa gold property to flood as a cost savings measure. The company explains that the cost of keeping the underground workings dry far exceeds the cost of future…
Cyprus adopts protection plan
Cyprus Minerals Company has adopted a complex rights program which its chairman, John Duncan, claims will provide “additional protection against abusive takeover tactics, such as partial tender offers…
Activity to stay hiogh despite uncertainty
Uncertainty is probably the best word to describe the mood as exploration companies enter what is traditionally the most active season of the year. Everyone in the industry has had it pretty good for …
Larger crusher for Magino mine
A larger crushing unit to boost mill throughput from 400 tons of ore per day to 500 tons will be installed at the Magino gold mine in northeastern Ontario, Muscocho Explorations (TSE) and McNellen Res…
Metal Prices (March 06, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 28 Feb 27 Feb 24 Feb 23 Feb 22 Copper 17…
More high grade gold at Weedy Lake
Drilling is continuing on the Golden Heart deposit near Weedy Lake, Sask., where recent drill holes have intersected more high grade gold values across wide widths, Golden Rule Resources (TSE) says. O…
Atlantic control sold
Control of Atlantic Goldfields (COATS) has passed to Ronald Goguen, a private investor based in New Brunswick. Via his private company, Kash Investments, Goguen purchased 2.3 million shares or a 19.7%…
CEIP regulations get final approval
The final regulations needed to put the Canadian Exploration Incentive Program into effect have been approved by Ottawa. Information kits on the new program and how the regulations will be interpreted…