Golden Range seeks financing
Golden Range Resources (TSE) is seeking financing in the amount of $250,000 to fund exploration on the Sylvia gold-silver-zinc property 70 miles southeast of Flin Flon, Man. Work completed by Golden R…
News
Noranda, Freewest hit
Another strong hole has been completed by partners Noranda Inc. (TSE) and Freewest Resources (ME) on their Harker-Holloway gold property, east of Matheson, Ont. Hole 89-29 intersected 53.1 ft grading …
Initial drill results from Equinox’s J&L project
Assays were released from the first eight holes of a 10,000-ft drill program continuing on the J&L project located near Revelstoke, B.C. Equinox Resources (TSE) holds an option to a 50% direct interes…
Intex, Gowest drill gold zone
Drilling by New Texmont Explorations (ASE) on a property held by Gowest Amalgamated Resources (ASE) has encountered the down dip extension of the gold bearing Frankfield zone. Located in Tully Twp., n…
Magnola tests process to extract magnesium
Up to $3 million will be spent over a 2-year period by Lavalintech Inc. to test a process to extract magnesium from asbestos tailings in the Thetford Mines area of Quebec. The testing is the second ph…
Alberta Stock Exchange (February 13, 1989)
An exploration project at Bitech Energy Resources’ Nugget Pond property in Newfoundland continues to intrigue investors. Large volumes of the Bitech issue have been changing hands while the company re…
Toronto Stock Exchange Gold isues stage comeback despite low prices
Gold issues put in a surprisingly strong performance today, despite more talk that bullion is going to head further south. The gold sector is being carried away by the market rally which added another…
Armistice pulls exciting section
Another encouraging intersection has been encountered by Armistice Resources (ME), which is involved in a deep drilling program on property at Virginiatown in northern Ontario adjacent to the western …
Hecla, Agnico give joint venture a boost
The Lucky Eagle joint-venture exploration undertaking being formed by Agnico-Eagle Mines (TSE) and Hecla Mining Co. of Coeur d’Alene, Idaho, will start out with at least 20 properties in identified bu…
Metall bids for copper producer
Toronto-based Metall Mining (TSE) has finally done what it has promised to do for the past couple of years. By agreeing in principle to pay $85 million(US) for all the outstanding shares of Michigan-b…
Kam Creed, Koala deal
Kam Creed Mines (VSE) is spending $300,000 on the Mishibishu Lake area gold prospect held by partners Koala Resources (VSE) and Captain Consolidated Resources (VSE). A $165,000-exploration program has…
COATS Trading Features (February 13, 1989)
Atlantic Goldfields was a volume leader this week, trading more than 190,000 shares. The issue was firm at 65 cents -69 cents . Atlantic is cash rich, sitting on a $12 million cash pool realized from …