Vista planning drill programs
Several prospective EM targets, the most important of which appears to coincide with the Creek shear zone, have been uncovered on the Uskik Lake property 130 km northeast of La Ronge, Sask., Vista Min…
1989
Campbell seeks $40 million
A $40-million financing is being arranged by Campbell Resources (TSE). The cash will be used to fund the expansion of Campbell’s Joe Mann gold mine near Chibougamau, Que. Hosting reserves of 3.7 milli…
Dolphin building road at Cape Ray gold property
A 20-km access road, under construction at Dolphin Explorations’ (TSE) Cape Ray gold project in southwestern Newfoundland, is half completed, the company reports. Dolphin is building the road to reduc…
Land use dominant issue at B.C & Yukon mining meeting
In his address at the recent 77th annual general meeting of the B.C. & Yukon Chamber of Mines, President Nicholas Carter warned the mining industry that it must assume a proactive rather than a reacti…
American mining congress elects Milton Ward chairman
Milton Ward, president and chief operating officer of Freeport- McMoRan Inc., was recently elected as chairman of the board of the American Mining Congress (AMC) at the trade association’s annual meet…
People (February 20, 1989)
GOLD TORCH RESOURCES — Douglas E. McRae appointed president succeeding Jesse Martinex who remains a director.
Ojibway-Faith deal
An agreement has been signed between Faith Mines (VSE) and Ojibway Resources (ME) whereby the former has an option to acquire a 70% interest in Ojibway’s Chaste property north of Amos, Que. The agreem…
COATS Trading Features (February 20, 1989)
Atlantic Goldfields continued to be a volume leader as more than 250,000 shares exchanged hands. A control block in the company, which was previously held by a principal of Waverley Mining Finance, a …
Intex, Gowest drill gold zone
Drilling by New Texmont Explorations (ASE) on a property held by Gowest Amalgamated Resources (ASE) has encountered the down dip extension of the gold bearing Frankfield zone. Located in Tully Twp., n…
Alberta Stock Exchange (February 13, 1989)
An exploration project at Bitech Energy Resources’ Nugget Pond property in Newfoundland continues to intrigue investors. Large volumes of the Bitech issue have been changing hands while the company re…
Drill programs planned for NWT bets
Large scale drill programs are being planned by Continental Pacific Resources (VSE) to test two targets in the Northwest Territories for their large tonnage, polymetallic and precious metal potential….
Biron Bay deal
Biron Bay Resources (ASE) has entered into an agreement with NovaGold Resources (TSE) which will give the company the right to acquire an interest in NovaGold’s Summit gold property in New Mexico. The…