Murgold, Chesbar hit new gold zone
A 7,500-ft. drilling program is under way on property in Chester Twp., Ont. by Chesbar Resources (TSE) with a 64% interest and Murgold Resources (TSE) with 36%. The partners say a new gold zone was f…
News
News in Brief (January 29, 1990)
Strongbow Resources Corp. (VSE) has amalgamated with Consolidated Ramrod Gold (CYN: VSE) under the latter name. Strongbow shareholders will receive one new share for 4.867 old shares; Cons. Ramrod sha…
IOCC GOLD OPTIONS (January 29, 1990)
Options Open SeriesVolumeLastInterest Feb. 400 C 55116.002,170 Feb. 410 C 245 9.001,900 Feb. 420 C 1,014 5.003,032 May 420 C 38116.501,039 May 430 C 31812.00 756 May 440 C 262 9.00 55…
Tarzan, Glen Auden
A diamond drill program has started on the Walker-Wilkie property held under option by Asarco Exploration of Canada. Asarco has the right to earn a 51% interest in the claims near Matheson, Ont., and …
Black Hills ban confounds mining community
The sudden and unexpected announcement that minefinders might soon become outcasts in the Black Hills of South Dakota has angered some explorationists. It doesn’t help that operating mining companies …
Newhawk’s R-8 appears continuous
Recent infill drilling on the R-8 structure of the Sulphurets property owned 60% by Newhawk Gold Mines (TSE) indicates the zone is continuous to at least the 1,100-metre level. The drilling establishe…
Alberta Stock Exchange Terragold moves up
Newfoundland exploration company Terragold Resources appeared from nowhere during the week ended Jan. 23 to post a 70 cents increase in its share price. Recently listed on the Alberta Exchange, Terra…
Abior options claims in Casa Berardi
An option agreement has been reached between Noranda Exploration, wholly owned by Noranda (TSE), and Exploration Abior (ME) whereby Abior may earn up to a 50% interest in the Dieppe property in Quebec…
Noranda to spend $3.5 million on Abermin property
A recent option agreement between Abermin (TSE) and Noranda Exploration, a unit of Noranda (TSE), could see the senior company spend up to $3.5 million on Abermin’s Hope Bay gold claims in the Northwe…
Bonanza pleased with Poirier drill results
Exploration drilling by Bonanza Metals (ASE) on the Poirier base metal property near Joutel, Que., continues to yield encouraging results, the company reports. Bonanza’s joint venture partner in the p…
Nickel price plunges
Nickel prices have been on a downward slide since the summer and are likely to continue doing so in the short term, says an analyst with Andras Research Capital. Victor Lazarovici said nickel, whose s…
Custom milling agreement, next step for Stratabound
Finding someone willing to custom mill ore from the CNE zinc- lead-silver property near Bathurst, N.B., appears to be the next logical step for Stratabound Minerals (ASE). After releasing the last bat…