Orofino option on Mine Centre claims
Orofino Resources has acquired an option to earn an 80% interest in a 25-claim property near Mine Centre, Ont. In order to earn its interest, Orofino must spend $300,000 by Dec 31, 1989. A surface exp…
News
Letters to the Editor: Flow-through fate
I am writing to express my concern over the headline “Ottawa may scrap flow-through shares,” on the front page of the Sept 29 issue of The Northern Miner. The headline expressed a negative view which …
Silverside cuts ore-grade values in Garrison Twp.
Silverside Resources continues to intersect ore-grade gold values at its Garrison gold property in northeastern Ontario under option from Kerr Addison Mines Drill results include: Grade …
With three major projects Syngold aims to be active
With nine drills operating on three separate properties and $3.9 million successfully raised through the sale of deposit receipts and common shares, Syngold Exploration is making good its claim of bec…
Prescott Resources has changed its name to Prescott Development
on the basis of 2 new shares for each old share.
Toronto Stock Exchange: Gold in the driver’s seat steer market
Wednesday close, Oct 22 The golds were back in the driver’s seat today and helped transport th e widely followed composite 300 up 5.07 pt to a close of 3,021.60. The gold and silver index was up 42.2…
Wildcat drilling cuts new zone on Wrightbar ground
Several wildcat drill holes put down by Belmoral Mines on ground acquired by Wrightbar Mines adjoining its Bourlamaque property have intersected what President William Cluff calls “typical ore-type mi…
TVX and Rio Tinto companies to explore Brazilian platinum
A letter of intent has been signed regarding the exploration of a Brazilian property where the presence of platinum has been indicated. The parties signing the letter are Companhia Nacional de Minerar…
Dealer mark-ups criticized during Thompson Committee
At last week’s hearing into the Thompson Committee report on junior resource financing, the catchphrase on many people’s lips was `dealer compensation.’ Members of the province’s mining and investment…
Vancouver Stock Exchange: B.C. election slows market pace
Wednesday close, Oct 22 Election jitters have slowed market activity in Vancouver as voters ch ose between a free enterprise government and a socialist one. By noon, the market was moderately active …
Newfields agreement
The terms of an agreement between Newfields Minerals and Breakwater Resources have been settled, the former company says. The deal will see Newfields acquire Breakwater’s control block of 2.4 million …
Atna/Noranda drill gold-silver bet
Noranda Exploration is drilling a precious metal property in west-central B.C. under an option agreement with Atna Resources. The program is designed to give a cross-section of an existing mineralized…