Correction (April 03, 1989)
Contrary to what was was reported recently (N.M., March 20/89), Calgary-based Baloil Resources (ASE) intersected 8.8 ft of grade 0.13 oz gold per ton in drill hole DDH-1 during a 2,400-ft program at i…
News
Mill. oz gold loan secured by Barrick
Toronto-based American Barrick Resources (TSE) has successfully closed its 1,050,000-oz gold loan agreement which is designed to finance a $365(US) million development program at the Goldstrike mine i…
COATS Trading Features (April 03, 1989)
Trading was quiet on COATS this week, but one issue that stood out was Hanson Mineral Exploration with a volume of more than 350,000 of its shares traded at a high of 70 cents . Following an amalgamat…
Canamax to sell Hundere prospect for $10 million
A $10-million offer for its Mt. Hundere zinc-lead-silver project in the Yukon was too good to be refused by Toronto-based Canamax Resources (TSE). After outlining 5.2 million tonnes of grade 18.5% com…
Decline in metal prices felt by commodity index
Stumbling metal prices in February contributed to a decline of almost 1% in Scotiabank’s all- commodity price index for that month. “Industrial metal prices moved down in February and March from high …
More enouraging results released from Trader bet
Further results have been released from the Ronnoco Gold Mines (COATS) property near Timmins, Ont., where Trader Resources (TSE) is spending $400,000 to drill a mineralized porphyry structure. Toronto…
Stratabound property yields metal results
With three mills in the immediate vicinity and a winter drilling program now complete, Stratabound Minerals’ (ASE) CNE massive sulphide property near Bathurst, N.B., is beginning to look promising. St…
Octan seeks financing for Bonanza silver bet
Calgary-based Octan Resources (ASE) is attempting to arrange the necessary financing for a 3-year program at its Great Bear Lake silver claims 250 miles northwest of Yellowknife, N.W.T. Last fall, Oct…
Aur to expand its influence in burgeoning Val d’Or camp
Toronto-based Aur Resources (TSE) is expanding its holdings in the Val d’Or, Que., area by entering into option agreements with four junior exploration companies controlled by prospector Jack Kentish….
Editor’s Note A PIONEER
Franc R. Joubin can say, as few others can, that he has lived “an endless chain of dramatic adventures.” Joubin fathered more than 10 mines and prospected in 60 countries. He’s been shot at and robbed…
Montreal Exchange Louvem mine partner
Continuing to pop up in the news is Louvem Mines, the Val d’Or area gold producer which has been expanding its Chimo mine operation. The latest development involving the company has major Quebec gold …
Corona sole owner of boric acid project
A 100% interest in the Fort Cady colemanite property in California has been acquired by Corona Corp. (TSE). Corona, which had an 80% interest, said it has purchased the 20% interest in the project hel…