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…
News
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…
Earnings Report (August 14, 1989)
TSE-listed Euro-Nevada Mining posted a net profit of $121,000 or 1 cents per share in its first quarter ended June 30. In the same period last year the company lost $605,000 or 7 cents per share. Rev…
Pegasus options Quartz Mountain gold project
Quartz Mountain Gold Corp. (TSE) may soon have a new joint venture partner for its Quartz Mountain gold project in Lake Cty., Oregon. The Vancouver-based company recently granted Pegasus Gold Corp. (T…
Drilling stops on Athabaska Gold bet
Diamond drilling has been suspended pending clarification of financing on Athabaska Gold Resources’ (VSE) Nicholas Lake property, situated 50 miles north of Yellowknife, N.W.T. The company said two dr…
Golden Day, Inlet commence field work
Field work is under way on the Dean Creek gold property 35 km west of Red Lake, Ont., Golden Day Mining Exploration (ME) and Inlet Resources (ME) report. Mapping and trenching work is to be completed …
X-Cal finds new zone
Surface work by X-Cal Resources (TSE) on its 100%-owned Snowbird property near Fort St. James, B.C., has located a new gold bearing zone parallel to an earlier discovery in the East zone area. The com…