Goldbelt drilling Casa Berardi bet
An exploration drilling program has started on 48 claims optioned by Goldbelt Mines (VSE) from Jascan Resources (TSE) in Aloigny Twp., near Joutel, Que. The property is situated about 10 miles northwe…
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Golden Hope’s Bellechasse project yields high-grade gold on surface
Samples taken from a heavily mineralized shear zone within the Bellechasse greenstone belt in Quebec have returned some remarkable gold values along a 125-ft. strike length. Of the 27 5-lb. samples ta…
Batachawana survey spurs minor staking
A modest increase in claim- staking activity has been reported in the Batachawana Bay area, north of Sault Ste. Marie, Ont., following the release of an airborne geophysical survey by the Ontario gove…
Armistice seeks funds for Virginiatown work
Toronto-based Armistice Resources (TSE) says discussions are under way with a group of private investors to raise funds for additional underground exploration on the company’s McGarry Twp. gold proper…
Tyranex Gold offering
Aiming for proceeds of $109,620 Tyranex Gold (COATS) is offering one right for every common share held as of Sept. 28. Until Oct. 22, when the rights expire, holders will be entitled to subscribe for …
Production at QSL smelter delayed until first quarter, 1991
Production at the new QSL lead smelter in Trail, B.C., will not resume until the first quarter of 1991, Cominco (TSE) reports. Long lead times for equipment and an increase in the scope of work to be …
Conference to focus on the environment
A 1-day conference dealing with the environment and mining will take place Oct. 18 at L’Hotel in Toronto. Titled “Environmental regulation and liability in the mining industry,” the conference is bein…
Pacific Sentinel focus on Arizona
Senior directors of Continental Gold (TSE) are turning their attention to new opportunities now that Placer Dome (TSE) has confirmed an offer to buy all Continental shares. The major will end up with …
Reactivated Pamax options Noranda gold properties
Northwestern Ontario will be the focus of an exploration drive by reactivated Pamax Resources (COATS) as it earns an interest in two gold properties in the area. The Rice Bay property, consisting of 2…
Copper prices expected to fall
An informal survey by the American Copper Council indicates copper industry executives are more bearish on copper prices than bullish. Delegates to a recent New York hedging seminar were polled on the…
Silver zinc values found at Lenora’s Yukon bet by GSC
The discovery of economic silver, lead and zinc values on a 64-claim Yukon Territory’s property, owned by Greater Lenora Resources (TSE), was reported recently. Situated 7.5 miles south of the Robert …
Kennecott backs Fischer-Watt on portfolio of 35 properties
Armed with the proceeds of a recent US$2 million private placement, Fischer- Watt Gold (NASDAQ) is planning an aggressive exploration program on various properties in the western U.S., Mexico and Cent…