News

Minnova hits gold values in northwest Ont. project

A first-phase exploration program has been conducted by Minnova Inc. (TSE) on three properties held under various option agreements with Celebrity Energy (VSE). Seven holes were recently completed on …


News in Brief (May 30, 1988)

Lenora Explorations (TSE) has entered into an agreement with CMP 1988 II Resource Partnership and Co. Ltd. to spend $500,000 in Canadian exploration expenses prior to Feb 28, 1989. In this regard, 576…


Latest results from T&H, Jonpol venture

Latest drill results from the Garrison Twp. joint venture of T&H Resources (TSE) and Jonpol Explorations (TSE) are as follows: Hole No 66 at 1,700N and 2,700W assayed 0.056 oz gold per ton over 11 ft …


World Trade Center site of Gold Show

Organizers of the precious metals investment conference, The Gold Show, have announced that a second Gold Show will be held in New York City at the World Trade Center June 13-26. The show will be the …


Bike, boat, run at Timmins event

The Great Porcupine Gold Rush Triathlon — a bicycling, canoeing, and running event over the actual route of Ontario’s Porcupine Trail from Kelso to the Porcupine camp — will be held Sunday, July 31,…


Breakwater intersects rich values at Darius

Deep drilling at Breakwater Resources’ (TSE) Darius gold project near Malartic, Que., has yielded an exceedingly rich intersection averaging 2.1 oz gold over 21.9 ft. Brian G. Pewsey, president, says …


Euro-Nevada picks up a new Nevada royalty

Royalty acquisition specialist Euro-Nevada Mining (TSE), has picked up another royalty property in the Nevada gold district, the company said recently. Euro-Nevada says it will acquire a 3% net smelte…


Chelsea transfer of mine interest to Northgate

Caught in a financial squeeze because its Spotted Horse mine near Lewistown, Mont., has not met design criteria, Chelsea Resources (VSE) has transferred a 20% direct interest in the mine to Northgate …


Golden Knight deal with Plexus Res.

Golden Knight Resources (TSE) has taken down a $3-million private placement in Plexus Resources (TSE). The deal makes Golden Knight, controlled by Teck Corp (TSE), the largest single shareholder with …


Unocal options Moneta claims

Unocal Canada has acquired an option to earn a 50% interest in several claims held by Moneta Porcupine Mines in Michaud Twp., Ont. Unocal can earn its interest by spending $5 million on exploration ov…


Ex-Placer executives form new exploration company

A group of ex-Placer Development (now Placer Dome) executives have formed a new exploration and development company called Pan Orvana Resources. It hopes to raise from $4.5 to $11 million in an upcomi…


Sikaman searches for gold in Mali

An agreement has been reached between Sikaman Gold Resources (TSE) and Canadian Magnesite Mines whereby the latter may acquire a 20% equity interest in a 517-sq-km gold concession in Mali, West Africa…


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