News

Old Newcor mine gets second look by Colray, Vista

A joint venture program to explore the old Newcor mine property in the Flin Flon area of Manitoba has been announced by Colray Resources and Vista Mines. Colray can earn a 30% interest by spending abo…


Chesbar extends ramp at gold bet

The ramp extension being driven to open up a second level on the No 3 vein system has advanced to 470 ft at the Chester Twp. gold property near Gogama, Ont., Chesbar Resources reports. Underground dri…


La Teko pours gold bar at Ryan Lode

With only a 6-month leaching season to work with, it seems almost too good to be true but La Teko Resources is planning to heap leach some 13,000 oz of gold this year from its Ryan Lode gold deposit i…


Correction (July 27, 1987)

It was reported (N.M., July 20/87) that Platinova Resources is a private mineral exploration company. In fact Platinova, which has a 78% interest in Black Hawk Mining, was listed on the Toronto Stock …


Van Nest acquires Gateford Resources

COATS-listed Gateford Resources recently announced the private placement of two million common shares and one million warrants to purchase common shares for an aggregate consideration of $400,000 to V…



METAL MARKETS Shareholders nix amalgamation plan

Preferred shareholders of Potash Co. of America recently rejected a proposal to amalgamate the company with Rio Algom, which controls almost 88% (all of the common shares) of the company. Potash Co., …


Queries Gold boosts Edda shares

I would appreciate any information you can give me on Edda Resources. The issue doubled a couple of weeks ago and I would like to know what caused it to go up. Edda appears to be a good stock for inve…




Carolin options B.C. property to Dome Explor.

An agreement has been signed whereby Carolin Mines will option its gold property near Likely, B.C. to Dome Exploration. Under the agreement, Dome can earn a 60% interest in the prospect for an expendi…


Asamera Minerals files prospectus

Calgary-based Asamera Minerals has completed an initial public offering through Midland Doherty Ltd. and Dominion Securities Inc. Under the terms of the offering, Asamera has agreed to sell 2.5 millio…


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