Teeshin stake in Redstone
Teeshin Resources (VSE) has signed a letter of intent with Timmins Nickel, a private company, giving it the right to buy 3.5% of Timmins’ interest in the Redstone nickel deposit. Located near Timmins,…
News
Mineable reserves up 50% at Neptune’s Colomac bet
Neptune Resources’ (TSE) huge Colomac gold project has just got bigger. Results of a 45,000-ft infill drilling program has enabled the company to announce a 50%-reserve increase at the Northwest Terri…
PDAC convention set for March 5-8
Organizers of the 57th annual convention of the Prospectors and Developers Association of Canada (PDAC) are bracing themselves for another successful get-together this year. More than 4,000 delegates …
Survey results
The New Brunswick Department of Natural Resources & Energy has released the results of a till geochemistry survey conducted over the central part of the Miramichi Zone in the northern part of the prov…
Ontex completes financing, continues suit against Metalore
Ontex Resources (ASE) has completed a $603,000 private placement financing representing the issuance of 900,000 common shares at 67 cents per share. The proceeds from the financing will be used for ge…
Atlanta doesn’t welcome U.S. Gold’s buying spree
Denver-based US Gold Corp. has taken a large share position in Atlanta Gold Corp. (VSE) whose principal asset is the Atlanta gold property in Elmore Cty, Idaho. US Gold has been tight-lipped about its…
Encouraging results from deep-drilling at Armistice bet
Three more encouraging drill- core sections have been reported by Armistice Resources (ME) from the company’s deep drilling gold project at Virginiatown in northern Ontario, next to the long-producing…
Canadian exploration halted by Newmont
Twenty-five employees in Newmont Mining’s Canadian exploration wing will be seeking new jobs next month following the New York-based company’s decision to suspend operations in Canada. Representatives…
Cassiar selling Bissett to Rea
Ownership of the Bissett gold mine and mill in Manitoba is about to change hands. Cassiar Mining Corp. (TSE) intends to sell the gold project — which comes complete with a recent feasibility study r…
Coin Lake gold loan
A $17-million(US) gold loan has been arranged for the Golden Reward gold mine in South Dakota. Coin Lake Gold Mines (TSE), which holds a one-third interest in the project, says the mine is scheduled …
Minnova/Syngold find ore grade gold at Donalda
Underground exploration is confirming the presence of ore grade gold mineralization at the Donalda gold property, held by partners Minnova Inc. (TSE) and Syngold Exploration (TSE). The property is nea…
Metal Prices FUTURES PRICES (January 23, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jan 158.70 156.50 158.70 + 14.00 Mar 149.50 145.20 148.80 + 5.10 May 137.60 133.80 …