Marine geology lab opens at U of T
The University of Toronto officially opened its Scotiabank Marine Geology Research Laboratory on March 1. Laboratory director Steven Scott said work in the lab, located at the university’s new Earth S…
News
COATS (over-the-counter) Sindor raises cash
Raising $1.1 million in a public offering of 2.2 million units was Sindor Resources. The company also completed a private placement of $500,000, and traded over one million shares between 47 cents and…
Research unit to be formed
The Mineral Deposit Research Unit, a joint initiative between the University of British Columbia (UBC) and the mining industry, is looking for qualified people to staff a research project oriented tow…
Huge porphyry gold-copper deposit Industry watching developments
Having drilled some 450 holes totalling in excess of 340,000 ft., no doubt remains that Continental Gold (VSE) has outlined a huge porphyry gold-copper deposit on the Mt. Milligan property over 100 mi…
Bonanza Metals buys new project
In an agreement with Charlim Exploration (VSE), Bonanza Metals (ASE) will acquire a 70% interest in a property bordering the Poirer/Joutel mining concession in Quebec. Bonanza paid $50,000 cash and wi…
Modest results on Douay gold bet
Low gold assays have been reported by Societe d’Exploration Miniere Vior (ME) from four final drill holes on the Douay joint venture in northwestern Quebec. The project is 42% owned by operator Inco (…
Volatility of gold price followed with keen interest
The market collapse of October, 1987, followed by a falling price of gold in 1988 and a depressed price for the precious metal for a good part of 1989, had a devastating effect on junior mining compan…
Gold funds as of Mar. 6
MVP BGR Central Capital Net value $12.20 $6.30 $0.42 Price $11.25 $6.75 $0.34 Discount 7.79% 7.1% 19% Value $72,659,489 $106,084,397 N/A…
Workers awarded shares of Inco
Nickel giant Inco recently awarded about 460,000 shares to 16,000 workers under the company’s employee share award program. Each worker was given 10 common shares and one additional share for each ful…
Pamorex drilling yields positive results
Results from six drill holes completed on the Winnie Lake project near Kirkland Lake, Ont., have revealed interesting base metal values. In January, joint venture partners Pamorex Minerals (TSE) and T…
Claude announces option agreement
An agreement has been reached between Claude Resources (TSE) and Shore Gold Fund (ASE) for the further development of Claude’s Grassy Lake gold property 12 miles northwest of Flin Flon, Man. The optio…
Queenston begins second phase drilling
The second phase of a diamond drill program on Queenston Mining’s (TSE) Upper Beaver mine project in Gauthier Twp., Ont., has commenced. Pamorex Minerals (TSE) is earning a 51% interest in the propert…