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About 80% of the exploration budget of mining companies is devoted to the search for gold deposits. Over a 10-year period, this exploration effort has resulted in the discovery of gold mines with a va…
News
Forbex hoping to raise funds
A preliminary prospectus has been filed by Ressources Minieres Forbex (ME) with the Quebec Securities Commission for an offering of common shares, flow-through shares and warrants worth up to $1.625 m…
Noranda’s Geco seeks prospecting rush
Noranda Inc. (TSE) could use a little help from junior exploration companies in finding a new base metal deposit in the Manitouwadge area, and new geophysical surveys could provide the incentive to at…
Golden Zone in deal with Placer Dome U.S.
Anchorage-based Golden Zone Resources (VSE) has signed a letter of intent granting a U.S. subsidiary of Placer Dome (TSE) an option to earn a 60% interest in its 100%- owned Golden zone property in Al…
Toronto Stock Exchange Mixed economic signals underlie uncertainty
Another week marked by cautious, directionless trading took hold of the markets as investors grappled with mixed economic forecasts. Weakness in the U.S. dollar was the main reason behind the boost in…
Dickenson buying plant from Kam-Kotia Mines
Goldcorp Investments (TSE) and Dickenson Mines (TSE) have entered into an agreement in principle whereby Dickenson will buy the sodium sulphate division of Go ldcorp’s wholly owned subsidiary Kam-Koti…
Aur begins to get handle on Louvem sulphides bet
The latest drill holes to be released from the Louvicourt Twp. massive sulphide discovery east of Val d’Or, Que., indicate that the deposit is opening down pl unge and in an easterly direction. That i…
NOTE: add to end of Crown Butte story:
Crown Butte recently said that it had elected not to proceed with the previously announced public financing. Instead it arranged a private placement in the am ount of $2,150,000 consisting of special …
McNellen drills Mount Foley copper (September 25, 1989)
Assay results were released by McNellen Resources (VSE) for the first three holes drilled on its Mount Foley copper-silver-gold project east of C hilliwack, B.C. The first hole returned 15.2 ft of 0….
RTZ and BP terminate Olympic Dam agreement
London-based RTZ Corp. and British Petroleum have agreed to terminate agreements relating to the proposed assignment to RTZ of BP’s 49% inter est in the Olympi c Dam copper/uranium mine in South Austr…
Camreco needs $4.5 million for Goldlund
Initial results of a final feasibility study indicate that at least $4.5 million would be required to re-open the former Goldlund mine owned by Camreco Inc. ( TSE) in northwestern Ontario. The past-pr…
Orcana to earn in on East Sullivan
Toronto-based Orcana Resources (VSE) recently optioned 18 claims adjoining the northern boundary of the East Sullivan base metal property near Val d’Or, Que. Situated west of the Aur Resources (TSE)…