Louvem makes offer to A shareholders
Societe Miniere Louvem (TSE), one of the two joint venture partners involved in the Louvicourt Twp. massive sulphide discovery east of Val d’Or, Que., is making a new offer to holders of its Series A …
News
Cameco, Trimin expand Hanson zone
Drilling by Cameco and Trimin Resources (TSE) on their Hanson Lake zinc-copper property in Saskatchewan continues to intersect mineralization. Two holes in the current 20,000-ft drill program were dri…
Corona chairman not shy on reserve potential at Williams
Results from deep exploration at the Williams gold mine at Hemlo could lead to a doubling of reserves, Ned Goodman, chairman and founder of Corona Corp. (TSE), told institutional investors at a Goldm…
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…
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…