VSM, Serem drill wide intersection
Drill hole 70 at the Grevet zinc project near Matagami, Que., intersected 44.2 ft (25.3 ft true width) of economic grade, the widest intersection to date, VSM Exploration (ME) and Serem-Quebec report….
1989
Suggestion Box MORE ON GEOSTATS
About 80% of the exploration budget of mining companies is devoted to the search for gold deposits. Over a 10-year period, this exploration effort has resulted in the discovery of gold mines with a va…
Forbex hoping to raise funds
A preliminary prospectus has been filed by Ressources Minieres Forbex (ME) with the Quebec Securities Commission for an offering of common shares, flow-through shares and warrants worth up to $1.625 m…
Noranda’s Geco seeks prospecting rush
Noranda Inc. (TSE) could use a little help from junior exploration companies in finding a new base metal deposit in the Manitouwadge area, and new geophysical surveys could provide the incentive to at…
Golden Zone in deal with Placer Dome U.S.
Anchorage-based Golden Zone Resources (VSE) has signed a letter of intent granting a U.S. subsidiary of Placer Dome (TSE) an option to earn a 60% interest in its 100%- owned Golden zone property in Al…
Toronto Stock Exchange Mixed economic signals underlie uncertainty
Another week marked by cautious, directionless trading took hold of the markets as investors grappled with mixed economic forecasts. Weakness in the U.S. dollar was the main reason behind the boost in…
Aur begins to get handle on Louvem sulphides bet
The latest drill holes to be released from the Louvicourt Twp. massive sulphide discovery east of Val d’Or, Que., indicate that the deposit is opening down pl unge and in an easterly direction. That i…
McNellen drills Mount Foley copper (September 25, 1989)
Assay results were released by McNellen Resources (VSE) for the first three holes drilled on its Mount Foley copper-silver-gold project east of C hilliwack, B.C. The first hole returned 15.2 ft of 0….
letter to the editor
The article you had on the front page of The Northern Miner of Aug 21 concerning Global Platinum and Gold (Arizona mineral sands — big claim s, little verific ation) does not do justice to the shareh…
Radisson arranges Duquesne financing
A $6-million financing has been arranged by Radisson Mining Resources (ME) to help bring the Duquesne gold-mining project about 20 miles north of Rouyn- Noran da, Que., into production. Radisson and w…
Dynatec closes stage 1 of Northfield placement
Northfield Minerals (ASE) and Dynatec International have completed the first part of an agreement which should see Dynatec acquiring 5.3 million sha res of Nor thfield at 45 cents per share. Dynatec …
Trader shares reach high as Swiss group takes over
Trader Resources (TSE) is looking for ways to fund exploration at the Ronnoco Gold Mines (COATS) property near Timmins, Ont., after reaching a proposed out-of -court settlement with the company that u…