Ballatar to finance Alaskan gold project
Under terms to be defined in a formal option agreement, Ballatar Explorations (VSE) intends to provide the necessary financing to bring the Shumagin gold-silver mine into production. The company can e…
News
Blue Emerald Plans Surface Work for New B.C. Projects
As soon as weather conditions permit, Blue Emerald Resources (VSE) plans to begin a comprehensive exploration program on two recently optioned claim blocks located about four miles west of Calpine Res…
Corona begins evaluation of Canty deposit
An economic evaluation of the Canty deposit near Hedley, B.C., is slated to begin in March under the direction of Corona Corp. (TSE). The study follows completion of the 1988 drill program on a number…
Rich silver for Acadia
High grading silver values have been assayed from two drill holes completed by Acadia Mineral Ventures (TSE) and Seabright Explorations (TSE) on their Tetagouche property, 30 km west of Bathurst, N.B….
Puffy Lake mine faces uncertain future
Mining and milling operations at the Puffy Lake mine in north central Manitoba will be reduced and suspended over the next three months while Pioneer Metals (TSE) seeks to identify an operating plan t…
Regal Goldfields gets Lac St. Jean claims
Two blocks of claims in the Lac St. Jean area of Quebec have been acquired by Toronto-based Regal Goldfields (COATS). According to President Douglas Bannerman, the first property comprised of 18 claim…
Oneida gets drill results from Mexican hat project
Oneida Resources (VSE) has received encouraging results from initial exploration on its Mexican Hat property in Cochise Cty., Ariz. Of 74 surface samples taken, 36% assayed in excess of 0.01 oz gold p…
Earnings Reports (March 27, 1989)
Sonora Gold Corp. (VSE) reports for the year ended Dec 31 a net loss of $4.6 million or 26 cents per share on revenue of $36.5 million. For the same period a year earlier the company reported a net l…
Hansuld considers future after Canamax departure
John Hansuld is contemplating his future in the mining industry after resigning recently as president and director of Toronto-based Canamax Resources (TSE). Reached at his home in Mississauga, Ont., H…
Timmins Report The end of MEDA hurts exploration
Exploration activity in the Porcupine gold mining camp has dropped dramatically, hit hard by the end of the mineral exploration depletion allowance (MEDA) “Exploration is coming to a screeching halt,”…
X-Cal begins reserve calculations for Snowbird
X-Cal Resources (TSE) says its winter drilling to date has located possible reserves of about 250,000 tons grading 0.20 oz gold from the North zone on its 6,000-acre Snowbird property near Fort St. Ja…
IOCC GOLD OPTIONS (March 27, 1989)
Options Open Series Volume Last Interest May 390 C * 146 14.70 573 May 400 C * 218 10.00 3,733 May 420 C * 715 2.80 2,858 May 460 C * 100 0.40 1,505 Aug 400 C * 11…