COATS (over-the-counter) Copperquest firm
Copperquest, the first junior mining company to complete a financing in 1990, is now trading in the 23-25 cents range. The financing, done at 21 cents , involved about 1.5 million shares of Copperque…
News
Ventex options Cons. Jalna property
Timmins-based Ventex Energy (VSE) has acquired an option to earn a 100% working interest in Consolidated Jalna’s (VSE) Shebandowan area claims, 30 miles west of Thunder Bay, Ont. Straddling the TransC…
FINANCING (February 05, 1990)
Covenant Res. — min 500,000 offered @ 45 cents per sh. Auriga Res. — 700,000 offered @ 35 cents per sh. Adonos Res. — 550,000 offered @ 50 cents per sh. Nortran Res. — gross proceeds rec $282,00…
Golden Star offering to fund Guyana bets
Golden Star Resources (ASE) says a preliminary prospectus has been filed for a public offering and private placement to raise $10 million for exploration at gold and diamond projects in Guyana. Under…
People (February 05, 1990)
BOND INTERNATIONAL GOLD — Hector Figueroa appointed vice- president of finance; George Young, general counsel and secretary, Holly Thomas, director of investor relations.
Northair drilling Deception Lake
The first four holes of a 20-hole surface drill program were completed by Northair Mines (TSE) on the Deception Lake property, 114 miles north of La Ronge, Sask. Northair, which is earning a 51% inter…
Barrick pulls strong hole on Card Lake bet
Assay results from one of six recently completed surface drill holes on Card Lake Resources’ (COATS) Harker Twp. property near Matheson, Ont., include 10.5 ft. grading 0.26 oz. gold per ton and 7.5 ft…
Correction (February 05, 1990)
Reference (T.N.M., Jan. 22/90) to an exploration project in Grevet Twp. near Matagami, Que., by VSM Exploration (ME) and Serem Quebec included an incorrect tonnage figure. Current reserves stand at 6….
Stroud to double stake in Hislop Twp. gold bet
Toronto-based Stroud Resources (TSE) is set to double its stake in a Hislop Twp. gold project near Timmins, Ont., by acquiring the 50% interest held by its former partner Chevron Minerals, a unit of C…
Northern Miner celebrates 75 years in business
A 75th anniversary party for Northern Miner Press became almost as much a farewell party for Richard Pearce, whose family owned the company for 74 of those years, and retiring President Frank Bowles a…
THIRTY-SIX YEARS YOUNG
Although the Labrador Trough was identified and iron formations noted by A.P. Low in 1894, iron orebodies were not identified until two junior exploration companies — McKay (Quebec) Exploration and L…
PERFORMANCE TEST: Management at Giant Yellowknife Mines is out to
The Yellowknife division of Giant TYellowknife Mines has been Tdogged by high-cost gold production. The mine began operation as an underground mine in 1947 with total aggregate production of gold to d…