News


Accord with Yemen

Canada has recently signed a 5-year agreement with the Yemen Arab Republic, which provides for co-operation between the two governments in the earth sciences and mining. The agreement will also create…


Franco-Nevada board votes to adopt poison pill plan

Toronto-based Franco-Nevada Mining (TSE) has joined the growing list of Canadian resource companies planning to adopt a poison pill mechanism to prevent it from becoming the victim of an unwanted take…


Western Mining listed on NYSE

Australia-based resource giant Western Mining Corp. Holdings (NYSE) was listed for trading recently on the New York Stock Exchange. Ordinary shares of Western Mining are listed as American Depositary …


FINANCING (January 22, 1990)

VANCOUVER Dromedary Expl. — 800,000 sold for gross $288,000. Nortran Res. — min 600,000 offered @ 47 cents per sh. Circumpacific Egy — 1,000,000 sold for gross $500,000.


Varna busy in Maritimes as Corona starts program

Calgary-based Varna Gold (ASE) says a 3,000-ft. drill program got under way recently at the company’s Ming’s Bight joint venture in Newfoundland. As part of a plan to earn a 70% stake in the project, …


Geomaque, Kingswood in property deal

Another option package has been negotiated by Kingswood Explorations (ASE) covering gold and base- metal exploration of property in Bourlamaque Twp., east of Val d’Or, Que. Geomaque Explorations (TSE)…


Bitech drills Nugget

Bitech (ASE) has completed a $200,000 financing and has resumed drilling on two properties. A 500-metre drill program is testing for the northeast extension of the Nugget Pond horizon on the Baie Vert…


News in Brief (January 22, 1990)

St. Genevieve Resources (TSE) and Gold Vessel Resources (ASE) have reached an agreement with the Societe en Commandite Miniere L.H. 1989 for financing worth $465,000 and $930,000, respectively. In ret…


Gold funds as of Jan 16 MVP

BGR Central Capital Net value $12.63 $6.27 $0.47 Price $ 9.00 $6.38 $0.42 Discount 28.74% 1.7% 12% Value $75,199,971 $105,526,136 N/A…


Asamera, Corona terminate deal over Cannon mine

A deal between Corona (TSE and Asamera Minerals (TSE) which would have seen Corona acquire a 51% interest in the Cannon gold-silver mine in Washington State has fallen through. Gold-producer Corona wo…


Avino pulls out of Wonder deal

The joint venture agreement with Belmont Resources (VSE) for development of the Wonder gold-silver mine near Reno, Nev., has been terminate d by Avino Resources (VSE). Avino noted that the project is …


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