Alberta Stock Exchange (February 13, 1989)
An exploration project at Bitech Energy Resources’ Nugget Pond property in Newfoundland continues to intrigue investors. Large volumes of the Bitech issue have been changing hands while the company re…
News
Toronto Stock Exchange Gold isues stage comeback despite low prices
Gold issues put in a surprisingly strong performance today, despite more talk that bullion is going to head further south. The gold sector is being carried away by the market rally which added another…
Armistice pulls exciting section
Another encouraging intersection has been encountered by Armistice Resources (ME), which is involved in a deep drilling program on property at Virginiatown in northern Ontario adjacent to the western …
Hecla, Agnico give joint venture a boost
The Lucky Eagle joint-venture exploration undertaking being formed by Agnico-Eagle Mines (TSE) and Hecla Mining Co. of Coeur d’Alene, Idaho, will start out with at least 20 properties in identified bu…
Metall bids for copper producer
Toronto-based Metall Mining (TSE) has finally done what it has promised to do for the past couple of years. By agreeing in principle to pay $85 million(US) for all the outstanding shares of Michigan-b…
Kam Creed, Koala deal
Kam Creed Mines (VSE) is spending $300,000 on the Mishibishu Lake area gold prospect held by partners Koala Resources (VSE) and Captain Consolidated Resources (VSE). A $165,000-exploration program has…
COATS Trading Features (February 13, 1989)
Atlantic Goldfields was a volume leader this week, trading more than 190,000 shares. The issue was firm at 65 cents -69 cents . Atlantic is cash rich, sitting on a $12 million cash pool realized from …
Australian firm to buy 33% stake in Granges
It looks as if Granges Exploration (TSE) will be taking on a major shareholder in the form of MIM Holdings of Australia. Under a recently concluded agreement between the two companies, MIM Canada will…
Troymin drilling La Ronge claims
A 2,000-m diamond drilling program is currently under way on the La Ronge area gold properties of Alberta-based junior Troymin Resources (ASE). On the Berven Lake property (CBS 7423), where Cameco is …
Drill programs planned for NWT bets
Large scale drill programs are being planned by Continental Pacific Resources (VSE) to test two targets in the Northwest Territories for their large tonnage, polymetallic and precious metal potential….
Roddy options Gold Bar
Roddy Resources (TSE), an Arizona gold producer managed by Belmoral Mines (TSE) which has a substantial interest in Roddy, has optioned a new property known as the Gold Bar in the Wickenburg area of A…
Moss Lake drilling highlights West zone
Results from three of eight holes drilled on the Moss Lake project in northwestern Ontario are “proving up an area where there were no values before,” says Storimin Exploration (ASE) President, A. E. …