Tarzan reports Joburke results
A drill program comprising 3,900 ft in six holes has been completed on the Joburke Mine property by joint venture partners Tarzan Gold (ASE) and Noranda Exploration. The property is located in Keith T…
News
X-Cal Res. arranges private placement
A private placement involving 638,298 common shares of X-Cal Resources (TSE) at 47 cents per share has been arranged with two European financial institutions, X-Cal reports. Proceeds from the $300,00…
Significant find at Cannon mine
A new mineralized trend, which Asamera Minerals (TSE) says extends for more than 14,000 ft and is still open to the south, has been identified on the Cannon mine property at Wenatchee, Wash. Asamera h…
Marking 25th year, Echo Bay set to produce 725,000 oz
Major North American producer Echo Bay Mines (TSE) turned out 585,000 oz gold in 1988 and is looking to boost that total to 725,000 this year. The company, celebrating its 25th anniversary in 1989, al…
Aurizon to reassess Louvicourt Twp. bet
Following the recent massive sulphide discovery reported at Louvicourt Twp. east of Val d’Or, Que., Aurizon Mines (TSE) has decided to re-asse ss its Beacon property Located about 1,350 m west of the …
Iron oxide conference
Chicago will be the site for a conference studying the use of iron oxide materials used in the manufacture of soft and hard ferrite magnets. The conference, to be held Nov 1-2, will bring suppliers of…
Earnings Report (July 10, 1989)
A second-quarter loss of $1.1 million (13 cents per share) for the three months ended April 30 was reported by Skyline Gold Corp. (TSE). Comparable figures from 1988 are not available since Skyline be…
Corona buys 7% of Bondf, has option on another 20%
Major North American gold producer Corona Corp. (TSE) has expanded its international horizons by purchasing a 7% equity interest in Bond International Gold (TSE) for about $30 million(US). Australia-b…
New zone possible at Dolphin bet
A potential new gold zone at the Cape Ray gold property in southwestern Newfoundland has been announced by Dolphin Explorations (TSE). The new quartz vein discovery occurs on the northeast shore of Bi…
Pioneer gold loan from Pegasus
A $3.1-million working capital loan has been arranged by Pioneer Metals Corp. (TSE) with its major shareholder Pegasus Gold (TSE). The funds will be used for general corporate purposes and for operati…
Pacific Talc bulk sample
Already mid- way through a feasibility program, Pacific Talc (VSE) is hoping to become British Columbia’s only producer of industrial talc products. The company has mineral rights to a large, proven t…
Explorationists give porphyry deposits another look
The recent discovery of the Mt. Milligan porphyry copper-gold deposit north of Fort St. James, B.C., has provided explorationists in the Cordillera with an important new target. But for those in the i…