ERG Resources get financing
A financing for ERG Resources (TSE) big tailings recovery project near Timmins, Ont., has been arranged. A $41 million gold loan has been provided by Westpac Banking Corp., based in Australia. Pamour …
News
Levon/Veronex program yields gold in drift
A drifting program on the Congress gold property of Levon Resources (VSE) and Veronex Resources (VSE) near Gold Bridge, B.C., recently intersected a 630-ft long zone grading 0.33 oz gold over an avera…
Atlantic Report Seabright ceases work on Caribou
Westfield Minerals (TSE) of Toronto has completed an additional 4,000 ft of diamond drilling on the Little River property in Newfoundland. Westfield and its joint venture partner Anglo-Dominion Gold E…
Editorial Buying shareholders’ votes
Consider an investor of modest means who holds 100 shares of Inco. How do you think that investor will vote when the company’s board of directors ask his approval to implement a “shareholders’ rights …
Spot prices at a glance (October 24, 1988)
Week’s Price (US) Change Gold (per oz) $410.80 + $6.10 Silver (per oz) $6.32 + $0.06 Platinum (per oz)$539.00 + $22.00 Copper (per lb) $1.37 + $0.10 Lead (per lb) $0.29 -…
Opening new gold mines mean greater costs
Opening new gold mines will almost always take longer than expected and, because more time means greater cost, companies planning to start new mines should be prepared for those costs says Canamax Res…
FINANCING (October 24, 1988)
VANCOUVER Shoshoni Gold — gross proceeds rec $250,000. Sierra Madre — 400,000 sold for gross $168,000. Marian Minerals — 700,000 sold for gross $245,000. Wirlwind Res — proceeds rec $105,000. Nava…
Northgate’s cash puts Colomac on fast track
Northgate Exploration (TSE) has agreed to provide the remaining financing needed to get the $135- million Colomac gold project into production. The cash-rich company will inject $8 million directly in…
Minnova/Rea Gold Get Approvals For B.C. Silver Mine
The British Columbia government has approved the Stage I permit for the construction and building of mine facilities on the Samatosum silver project located near Adams Lake, B.C. Minnova Inc. (TSE) ho…
Bond Gold Canada
Bond Gold Canada a wholly- owned affiliate of Bond International Gold has earned a 50% interest in the Shoal Lake gold property near Kenora, Ont. The remaining interest is held by Kenora Prospectors &…
Ronrico results from Simkar
Mapping on the 4th level of the Simkar project has led to the discovery of a gold mineralized alteration zone. Located near Val d’Or, Que., the Simkar project is operated by Ronrico Explorations (VSE)…
Inco has $10-million to look at Couchenour
With its Golden Pond East zone in Quebec already up and running, Inco Ltd.’s (TSE) gold exploration arm is attempting to add to its mineable reserve inventory by sinking $10 million into the old Coche…