Three drills probe McNickel prospect
Although no assay results are yet available, McNickel Inc. (COATS) has completed drilling more than 30 holes on its copper-nickel property situated north of Lac St. Jean, Que. President John McAdam sa…
News
Dynatec, Northfield sign private deal
An agreement in principle has been signed between Dynatec International and Northfield Minerals (ASE) which will see Dynatec purchase 5.3 million Northfield shares at 45 cents per share. Total procee…
Newmont does it again: new hole grades 350 ft of 0.77 oz gold
A $404-million(US) development program at Newmont Gold’s Carlin, Nev. operations is paying off for the 90%-owned subsidiary of Denver-based Newmont Mining. The development program, now almost complete…
Montreal Exchange Focus on legal ruling
Resolution of the lengthy court battle between Corona Corp. and LAC Minerals vied for investor attention this week with the ongoing Louvicourt Twp. copper-zinc exploration project of Aur Resources and…
Westmin discovers new massive sulphide zone at Myra Falls
Recent exploration drilling by Westmin Resources (TSE) intersected significant thicknesses of massive sulphide mineralization in a new zone at the company’s Myra Falls mine property near Campbell Rive…
News in Brief (August 21, 1989)
Liberian Iron Ore Ltd. (TSE) has announced that mining has stopped at its 37.5%-owned LAMCO joint venture mine in Yekepa, Liberia. Ore processing and shipping will continue until late 1989 from the or…
Asquith plans to drill Shiningtree gold properties
Toronto-based Asquith Resources (COATS) plans to carry out a $250,000 exploration program on its 72-claim gold property in the Shining Tree area of northern Ontario. Drilling is scheduled on the forme…
Westfield options Dynasty gold bet
Toronto-based Westfield Minerals (TSE) and Northern Dynasty Exploration (TSE) have signed an agreement allowing Westfield to earn a 50% stake in an 86-claim gold property 20 miles north of Savant Lake…
COATS (Over-the-counter) McNickel lower
The shares of McNickel Inc. slipped lower by 10 cents this week, closing at $2.90 on a heavy volume of nearly 400,000 shares. President John McAdam reports drilling on the company’s Lac St. Jean, Que….
Beaufield drilling (August 21, 1989)
Falconbridge Ltd. (TSE) and Beaufield Resources (TSE) have started another drill program on their East Rouleau gold project near Lac Berry, Que. The drill program will test targets identified by groun…
McAdam progressing at Spud Valley bet
When work on a test milling facility at McAdam Resources’ (TSE) Spud Valley gold project is completed later this month, the company says it will conduct the first test run on a surface stockpile. Rese…
Teck leases Centurion gold-silver claims
Teck Resources Inc., a wholly- owned subsidiary of Teck Corp. (TSE), has leased a 5,000-acre mining claim owned by Centurion Mines Corp. (NASDAQ) of Salt Lake City, Utah. The property is in the West T…