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 …
News
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…
Goldquest work tops $1 million
More than $1 million was spent in 1987 by Goldquest Exploration (TSE) on exploration work at its properties in the Red Lake area of northwestern Ontario, shareholders were told at the annual meeting. …
Micham, Mono project results
Results from an underground exploration program have been received by Micham Exploration (VSE) and Mono Gold Mines (VSE) from their Bannockburn property near Madoc, Ont. A total of 352 ft of drifting …
Letters to the Editor Equal partners
Your recent article (N.M., May 9/88) highlighted the progress made in the development of the Ketza River mining project jointly owned and operated by Pacific Trans- Ocean and Canamax Resources. As a r…