News


Armistice taking on partner at Virginiatown gold bet

A new underground drilling program at the gold property belonging to Armistice Resources (ME) at Virginiatown, Ont., will be undertaken using the idle underground workings of the adjacent Kerr mine. G…



Trelleborg, Sherritt

Officers of Sherritt Gordon (TSE) are still trying to confirm if Swedish mining giant Trelleborg has secretly acquired up to 9% of Sherritt’s common shares on the open market, a Sherritt spokesman tol…


Esperanza revises Tillicum reserves

This season’s drilling by Esperanza Explorations (VSE) on its 100%-owned Tillicum Mountain property near Nelson, B.C., has resulted in a revision of reserves. The East Ridge zone is now reported to co…


Westfield’s sale of Chilean mine draws criticism

Some minority shareholders of Westfield Minerals (TSE) are unhappy with a recent transaction in which all of the company’s mining assets were transferred to a wholly owned Northgate Exploration (TSE) …


Hope Brook loss

The Hope Brook gold mine in Newfoundland continues to operate at a loss, owner Hope Brook Gold (TSE) says. For the third quarter ended Sept 30, Hope Brook lost $3.9 million or 13 cents per share. Alt…


COATS (over-the-counter) Teddy Bear steady

Teddy Bear Valley Mines was steady at $1.50-1.60 this week after posting a gain of more than a dollar last week on news of encouraging drill results released from a joint venture involving Noranda and…




FINANCING (November 13, 1989)

ONTARIO Alta Ventures — min 700,000 offered @ 35 cents per sh. Int’l Azora — gross proceeds rec $600,000. Yukon Spirit Mines — gross proceeds rec $275,000. Golden Peaks Res — 250,000 flow-through…


Blackhawk puts three drills on Minago

After acquiring the Minago nickel project in northern Manitoba last summer, Toronto-based Black Hawk Mining (TSE) has deployed three drills on the property in its bid to prove up a mineable orebody. D…


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