Nalcap seeks liquidation of Equity Preservation
If Nalcap Holdings’ (VSE) President Michael Smith has his way, the main item of business at the next meeting of Equity Preservation Co rp. will be a proposal to liquidate the company. Nalcap, which c…
News
Corona finds new zone at Varna Gold project
Drilling on Ming’s Bight property of Varna Gold (ASE) in Newfoundland continues to yield some interesting results. Exploration there is being financed by Toronto-based Corona Corp. (TSE), which can e…
Motherlode mine to produce by year-end
With all necessary permits in hand, construction of a 2,500-ton- per-day heap leach mine has started on the Mother Lode gold property near Beatty, Nev. Commercial production is slated to begin in Dece…
Sikaman, partners announce start- up for mine in Ghana
A production decision has been announced for the Bogosu gold project in Ghana, Africa, with the start-up scheduled for the third quarter of 1990. One of the project partners, Sikaman Gold Resources (…
Montreal Exchange More legal action
Mixed results highlighted a holiday-shortened trading week, with the market portfolio gaining almost 9 pts and the mining and minerals index droppi ng almost 8 pts. Daily volumes were consistent, rang…
Jonpol on track in Garrison Twp
An exploration shaft on Jonpol Explorations’ (TSE) and T & H Resources (TSE) joint venture property in Garrison Twp. in northern Ontario has reached a depth o f 66 ft, President John Pollock told sha…
Hemlo grades decline at depth
One assumption about the Hemlo orebodies has been that the gold grade consistently rises and the deposit widens with depth. That’s only half true. In both the Golden Giant mine, operated by Hemlo Gol…
Drilling planned for Talbot Lake
Surface stripping and a sampling program at the Talbot Lake gold property in northwestern Ontario have been completed, Golden Crescent Resources (AS E) reports. Owner and operator of the project is Pl…
Gold funds as of Sept 5
MPV BGR Central Capital Net value$11.60 $ 5.80 $0.58 Price$10.00 $ 5.62 $0.29 Discount13.79% — 3.0% 50% Value$69,051,211.97 $97,624,302 N/A…
Elders sells Trader stake as board is voted back in
A lengthy legal battle involving management of Trader Resources (TSE) and the company’s biggest shareholder, Elders Resources, appeared to have ended recently when Elders sold its 34% stake in the Tor…
Glencairn gets funds for diamond property
A $1.32-million(US) financing agreement to develop a diamond property has been finalized between Glencairn Explorations (ASE) and Banco Multiplic SA, a Brazilian affiliate of Lloyds Bank. About $700…
David Bell grades remarkably high
Mill head grades at the David Bell mine, owned 50/50 by Teck Corp. (TSE) and Corona Corp. (TSE), have been nudging a remarkable one ounce of gold per ton of ore for the past two months. Gil Leathley…