NEWS IN BRIEF Briana Resources Ltd.
Briana Resources Ltd. (BIA: VSE) has changed its name to Briana Bio-Tech Inc. with no consolidation of capital. The company will have no mining interests.
News
Windy raises cash
Through a private placement of 25 units, Windy Mountain Explorations (COATS) has raised $706,250 for further exploration at the MacLeod Lake copper property, north of Chibougamau, Que. Each unit consi…
Noranda options Deception Lake bet
A drill program operated by Noranda Exploration is expected to begin shortly on the Deception Lake polymetallic prospect north of La Ronge, Sask. The unit of Noranda (TSE) has an option to earn a 70% …
Timmins, built on mining, still experiencing growth – 25% of
The largest city in Canada with a geographic size of 1,240 square miles, Timmins, Ont., bills itself as a “world-class” mining camp with plans to retain that reputation. With a population of 47,000, s…
White Gold signs crushing deal
Under contract with White Gold Ventures (ASE), S.D. Engineering of California will crush 50,000 tons of material for inventory purposes on White’s limestone property in Baja California, Mex. White say…
Coeur offering
Coeur d’Alene Mines (Amex) hopes to raise about US$52.8 million through a public share offering. The company, which plans to use part of the funds for exploration and development work, is offering two…
Teck, Tundra, Golden Pond plan deep survey at Lamaque
The three joint venture partners that control a portion of the Lamaque mine property, in Bourlamaque Twp., Que., are testing a new exploration strategy on the former gold producer. Beginning in mid-Oc…
Cheni to spend $7.5 million for feasibility on J&L deposit
As part of an effort to acquire new projects, Cheni Gold Mines (TSE) announced plans to spend $7.5 million to bring the J&L polymetallic deposit near Revelstoke, B.C., to feasibility in return for a 6…
Macassa mine expects to produce 100,000 oz. in 1990
The year 1990 is shaping into a memorable one for LAC Minerals’ (TSE) Macassa mine. Located in Teck Twp., Ont., the heart of the Kirkland Lake mining camp, Macassa is the most westerly of seven former…
Dynatec takes expertise beyond Canada
Richmond Hill, Ont., is headquarters for Dynatec International Ltd., the parent company of nine subsidiaries providing a wide range of services and equipment to the mining industry. Employing about 60…
GIOCC GOLD OPTIONS
Options Open Series Volume Last Interest Nov. 460 C 412 15.50 199 Nov. 420 C 311 4.50 3,461 Feb. 380 C 304 19.00 450 Nov. 430 C 224 15.00 2,829 Nov. 400 C 201 14.50 2,226 May. 450 C 150 10.50 167 Feb….
Third gold find in Merritt, B.C., area
A subsidiary of Laramide Resources (TSE) is reported to have made a new gold discovery on a property held under option from Inco (TSE) near Merritt, in south-central British Columbia. Laramide said re…