Minnova and Rea Gold plan mill at silver bet
Minnova Inc. (TSE) and junior partner Rea Gold (TSE) say a 465-ton-per-day mill could be commissioned and fully operational by mid-June 1989 on the Samatosum project near Adams Lake, B.C. Although the…
News
Toronto Stock Exchange Interest rates hike, falling gold ravage
Investors scrambled to salvage what little they could following a week-long slump which culminated in a savage 64-pt drop yesterday and today. Last month’ s rally, which set a post-October 19th cras…
Vancouver Stock Exchange Halley gains on Newfields’ deal
A stronger US dollar, talk of higher interest rates and a weaker gold price — the usual culprits — are being blamed for keeping investors on the sidelines of most North American Exchanges, including…
Project poses questions for Lenora and Mary Ellen
The erratic gold distribution in northern Saskatchewan’s Beaver Lodge area is posing some major questions to a joint venture group including Lenora Explorations (TSE), Mary Ellen Resources (VSE) and C…
Glencairn to mine diamonds from placer bet in Brazil
Toronto-based Glencairn Explorations (ASE) is attempting to bring a Brazilian placer diamond operation into production by the second quarter of 1989. Owned by Mineracao Piracicaba of Rio de Janeiro, …
Borealis borrows $25 million to finance Fat Lake prospect
Using its Fat Lake gold project as collateral, Calgary-based Borealis Exploration (ASE) has arranged for a gold backed bond from a U.S. investor group for $25 million(US), the company said recently. U…
Lawsuit without foundation, says ex-Seabright chief
The former chairman and chief executive officer of Seabright Resources says a lawsuit launched against himself and other former directors of the company is without foundation. “The allegations contain…
More good assays released at Noble Peak, Dejour bet
An expanded drill program is about to begin on the remote Turquetil property where partners Dejour Mines (TSE) (50%) and Noble Peak Resources (ASE) (50%) have obtained some good intersections. Located…
Toronto Stock Exchange (August 08, 1988)
The lazy, hazy days of summer did little to inspire fervor for the market again this week in Toronto. Trading volume, at 396.6 million shares for the month of July, was the lowest level since December…
Bitech annouces discovery on coast of Newfoundland
Toronto-based Bitech Energy Resources (ASE) has announced what it believes is a significant gold discovery in the Betts Cove area on Newfoundland’s Baie Verte Peninsula. The discovery was made during …
Dickenson income falls, while Wharf improves earnings
Reporting lower net earnings for the first six months of 1988, but similar gold production at its Red Lake, Ont., mine, compared with last year, was Dickenson Mines (TSE). Net earnings to the end of J…
La Fosse drilling uncovers pair of massive sulphides
A drilling program this year at its Gerido division in northern Quebec has uncovered two platinum/ palladium and gold bearing massive sulphide, copper-nickel deposits, La Fosse Platinum (TSE) reports….