Coxheath gets new funds from Ainsley
An option agreement has been signed between Coxheath Gold Holdings (TSE) and Toronto-based Ainsley Financial Corp. which will see the latter company invest $2.5 million to complete development of Coxh…
1990
Avondale to drill Inel claims
Exploration activity is heating up in the Iskut River district of northwestern British Columbia, particularly now that road access seems a certainty in 1991. Iskut pioneer Gulf International Minerals …
U.S.REPORT Fairbanks outlining large gold system on Fort Knox
Encouraged by results from this year’s drill program, Fairbanks Gold (VSE) is optimistic of a significant increase in the size and extent of the Fort Knox “porphyry” gold discovery near Fairbanks, Ala…
Geophysics reunion planned at U of T
Former students, faculty, associates and friends of geophysics at the University of Toronto are invited to attend a reunion Nov. 2-4 marking the sesquicentennial of the discipline’s study at the unive…
Alberta Stock Exchange Durvada gold discovery
Continuing weakness in the price of bullion which has recently been hovering around US$354 an oz. was reflected by lacklustre trading in gold stocks during the week ended July 10. Shares of Durvada Re…
Giant Yellowknife, Pamorex in deal
A deal worked out between Pamorex Minerals (TSE) and Giant Yellowknife Mines (TSE) could see the Nighthawk Lake gold deposit 10 miles east of Timmins, Ont., brought into production within two years. P…
Aurizon acquiring additional claims
An option to purchase a 100% interest in claims adjacent to the Sleeping Giant gold mine north of Amos, Que., has been acquired by Aurizon Mines (TSE) from George Venne of Val d’Or, Que. The claims li…
PGE, Noranda agree to explore property
Exploration will get under way this summer on PGE Resource’s (ASE) 115-claim property near Mechanic Settlement, N.B., following a joint venture agreement with Noranda Exploration, a unit of Noranda (T…
Montreal Exchange Summer trading slows
Market activity slowed during June, according to ME officials. The average daily volume during the month, at about 4.9 million shares, was down 7.1% from May. On the other hand, the average price per …
$6 million to study the earth’s crust
Some $6 million will be given to the Trans-Hudson Orogen Transect research project over four years. The funding comes from the Natural Sciences and Engineering Research Council and the federal Departm…
U.S. firm makes offer to work on Tully Twp. ground
A large U.S.-based mining company has made a firm offer that could lead to the further development of a gold property in Tully Twp., 20 miles northeast of Timmins, Ont., in which Frankfield Exploratio…
VSM/Serem, Dundee in property deal
A letter of intent has been signed between Dundee-Palliser Resources (TSE) and exploration partners VSM Exploration (ME) and Serem-Quebec which will allow VSM/Serem to earn a 50% interest in Dundee’s …