Asquith completes Shining Tree work
An exploration program consisting of 21 diamond drill holes has been completed by Asquith Resources (COATS) on the company’s Shining Tree, Ont. gold properties. On the Buckingham mine claims, the comp…
News
Ekaton feasibility due
A technical and financial feasibility study for a kaolin production facility is expected to be completed by the end of April, Ekaton Industries (TSE) says. The company anticipates plant construction b…
Cathedral drill program discovers more reserves
A surface drill program at Cathedral Gold Corp.’s (TSE) Sterling mine property in Nevada has increased geological reserves by 49% to 469,000 tons grading 0.21 oz gold. The mine produced 8,500 oz last …
INSIDER TRADES (April 17, 1989)
Atlantis — M. Hogarth bought 700,000 (Dec., private) @ $1.10 to hold 870,000. Black Cliff — N. Kacira bought 248,416 (Mar., private) @27 cents , exercised 391,433 rights @ 36 cents -48 cents , sold …
Callahan takes option on Kirkland Lake bet
Callahan Mining Corp. has acquired an option to earn a 50% interest in a gold prospect south of Kirkland Lake, Ont. Near Boston Creek, the property is being vended by partners Shenandoah Resources (VS…
Acadia, Hecla revise Mooseland exploration
An exploration program on Acadia Mineral Ventures’ (TSE) Mooseland gold property will focus on near-surface targets. Project operator Hecla Mining Company of Canada says the change in exploration focu…
Novagold could produce copper at Murray Brook
Halifax-based Novagold Resources’ (TSE) is evaluating the possibility of mining a copper zone on its Murray Brook property in New Brunswick. A diamond drilling program is currently under way and a tot…
Open pit mine studied for Big Hurrah
The first draft of a mine feasibility study nearing completion on the Big Hurrah gold project has Valhalla Gold Group Corp. (VSE) discussing project financing with investment firms and senior mining c…
Metal market perceptions — a special capacity
There is an extremely influential factor at work in metal markets that receives insufficient attention; that is, the great power exerted by perceptions, often with the potential for formidable damage….
South American says work proceeding on 3 Guyana gold projects
Follow-up exploration programs are in progress on three gold properties in Guyana, South American Goldfields (COATS) says. Homestake International Minerals, the project operator, is S. A. Goldfields j…
Pass Lake initiates acquisition program
After putting together a 110-sq-mile land position in the Galore Creek camp in northwestern British Columbia, Pass Lake Resources (VSE) has teamed up with Golden Sitka Resources (VSE) to carry out a n…
Quartz Mountain study continues
By the second quarter of 1989, partners Quartz Mountain Gold (TSE) and Galactic Resources (TSE) expect to have completed a feasibility study on the disseminated oxide portion of the Quartz Mountain go…