Midrim drilling Montana property
Three drill holes have been completed on the Ringing Rocks property, 18 miles east of Butte, Mont., by joint venture partners Midrim Mining (COATS), and Vital Pacific Resources (VSE). Midrim reports t…
News
Gateford, Corona set up new company for chromium search
Toronto-based Gateford Resources (ASE) is helping to set up a new private company called Canchrome Mines which will explore for chromite ore deposits in Canada. Other major shareholders of Canchrome i…
Manitoba meeting on exploration news
The geological services branch of Manitoba Energy and Mines will hold its annual meeting Nov 27-29 at the Winnipeg Convention Centre. Speakers will give overviews of new concepts of geoscientific expl…
Newmont chairman’s formula for success: Explore like hell’
“We explore like hell.” That has become the unofficial motto of Newmont Gold’s (NYSE) exploration team in Nevada, said Gordon Parker, chairman of Newmont, at a Goldman, Sachs mining conference in New …
TSE Short Positions (October 30, 1989)
Semi-monthly report as of Oct 15 showed 36,316,842 shares of 630 issues, compared with 34,166,082 shares of 611 issues on Sept 30. Larger individual positions included: Agnico-Eagle 67,510 up 19,900; …
Eastern drill targets
Eastern Goldfields (COATS) has delineated several geochemical soil anomalies on the company’s Shamrock property near Notre Dame Bay, Nfld. An anomaly striking for 1,600 ft contains values ranging up t…
Amax to up stake in Canamax Res.
Vancouver-based Canamax Resources (TSE) has elected to repay the $7.3 million it owes to affiliate Amax Gold (TSE) by issuing shares to the Colorado company. In connection with the plan, Canamax has a…
Exall awaiting better markets
With nearly $2.5 million in its treasury, Toronto-based Exall Resources (TSE) says it will await better market conditions before launching any new programs on its gold properties at Red Lake, Ont. Exa…
Rumors swirl of another Carlin find by Barrick
Speculation that drilling by American Barrick Resources (TSE) has intersected another major gold deposit on a property near Carlin, Nev., has sparked a gain of more than 60% over the past two weeks in…
Val d’Or placements raise $2.4 million
A series of private placements has netted Val d’Or Resources (ME) almost $2.4 million which will allow the company to meet its financial obligations contracted with Mines Abcourt (ME). Most of the fun…
Geddes financings raise $9.9 million
Geddes Resources (TSE) says it has raised $9.9 million through a series of financings for exploration at its Windy Craggy copper-gold- cobalt project in northwestern British Columbia. The financings i…
Silver in doldrums, unable to excite investors
Like its sister precious metals, silver has been in the doldrums of late. Unlike gold or platinum, however, the metal seems to face a greater up-hill battle for respectability among investors. Hoverin…