Minnova to drill Big Island bet
A 5,000- metre diamond drilling program is scheduled to begin before month- end at the Big Island property located near Flin Flon, Man. Minnova (TSE) is earning a 50% interest in the property from New…
1991
Major arranges line of credit for winter drilling in Ontario
Funds made available through a 6-month line of credit will allow Major General Resources (VSE) to initiate a winter drilling program at its wholly owned Meen Lake, McVean Lake and First Loon propertie…
Environmental hitch killed deal for Magnacon
Environmental concerns associated with the Magnacon mill are the main reason why Hemlo Gold Mines (TSE) called a halt to purchase negotiations (T.N.M., Jan. 7/91), John Harvey, president of the large …
COATS (over-the-counter) OSC sheds COATS
The market is in such bad shape that it doesn’t matter who’s running it, remarked one over-the- counter broker when asked to comment on the TSE’s recent decision to take over COATS. It remains to be s…
Revived Inlet plans drilling at Chibougamau
Drilling will get under way at the Grandroy mine project near Chibougamau, Que., this month, says property-owner Inlet Resources (VSE). Inlet will be testing the depth potential of the copper-gold dep…
Analysts see flat year for gold, silver
It wasn’t exactly a stellar year in 1990 for the precious metals’ industry and if analysts are correct, 1991 isn’t going to be much better. At least not for gold and silver. Last year, high interest r…
Alberta Stock Exchange Golconda up 16 cents
A porphyry gold prospect in southern California has been acquired by Golconda Resources which rose 16 cents to close at 28 cents on volume of 82,000 shares. Golconda said widespread gold mineralizatio…
Sutton planning to acquire Romanex
An agreement-in-principle has been reached between Sutton Resources (VSE) and the owner of Romanex International for the acquisition of the latter company. If completed, the deal will result in Sutton…
Vancouver Stock Exchange Asiatel benefits from Link option
The Vancouver market indices remained relatively quiet during the report period ended Jan. 8, with little news to help spur activity. The composite index remained virtually unchanged at the 627-level …
Card Lake, Teddy Bear in dispute over claims
A property dispute is heating up between Card Lake Resources (COATS) and Teddy Bear Valley Mines (COATS) over five patented claims situated east of the Lightning gold zone in northeastern Ontario. The…
TSE 300 to list Bema Gold, drop Canamax and Belmoral
Having recently completed an annual review of trading activity on the composite 300 index, The Toronto Stock Exchange is dropping six mining issues from the index and adding one. To disappear from the…
Work completed at Springer bet
A program of prospecting, soil sampling and diamond drilling of five holes has been completed by 50/50 partners Springer Resources (VSE) and Noranda (TSE) on their Glenwood project in Newfoundland. Th…