News in Brief (October 10, 1988)
Eastmaque Gold Mines (TSE) has agreed to participate in an exploration program in Papua New Guinea. Over the next six months, Eastmaque will spend $190,000 on the project. For the year ended June 30, …
News
20% of Inspiration’s revenues hinge on $130-m. Flin Flon
Ethical investment funds do not hold shares in New York-based Inspiration Resources (TSE), which this week traded in Toronto at about $8. The reason: an indirect connection to two South African mining…
Greenstone drilling for Sullivan geology at McNeil
A drill program is under way on the McNeil property held equally by Greenstone Resources (TSE) and Dragoon Resources (VSE). Located in the Kootenay area of the province, the McNeil property has geolog…
Workshop on scientific drilling
A 2-day workshop sponsored by the Canadian Continental drilling program and the Geological Survey of Canada will be held on Nov 23 – 24, in Building 3, Observatory Crescent, Ottawa, to stimulate discu…
PACOAL 89
PACOAL 89 tackles the future of the inter-relationship between power generators and coal with its theme “Electricity and Coal demand in the Asia-Pac ific.” The 4-day conference (in English) will be h…
The unsolved mystery of Dan Willans
He arrived on the northern Ontario mining scene during the first part of this century more or less unannounced, and in the next few years was reported to have made himself a pile of money. His name, h…
COATS Trading Features (October 10, 1988)
Hectic over-the-counter trading in a non-mining issue startled the COATS market this week, with Air Canada’s costly $12 million public debut shaking the lethargy. Floated at $8 a share with a nudge fr…
Golden Sitka Suspends Exploration of Chichagof Properties
A review of exploration programs at the Hirst- Chichagof and Chichagof mine properties in Alaska has led to a decision by Golden Sitka Resources (VSE) to suspend further work at its Chichagof project …
Alberta Stock Exchange Nfld play sparks Varna
Drill hole results from a property on Newfoundland’s Baie Verte Penninsula, a hot exploration area of late, sparked some trading activity in Varna Gold this week. One 20-ft intersection averaging 0.32…
Canamax finds high grade zinc
A high grade zinc discovery have been made by Canamax Resources (TSE) on the company’s Mt. Hundere property near Watson Lake, Yukon. The drilling, located two miles north of the company’s Jewelbox Hil…
Montreal Exchange Mining issues gain (October 10, 1988)
In a week in which nickel companies and the price of gold, which continues to ride under $400(US) per oz, shared the news spotlight, trading on the ME surged forward, with the market portfolio gaining…
Hemlo Gold makes $10 Million loan to Viceroy
The Castle Mountain property owned 100% by Viceroy Resource Corp. (TSE) is another step closer to becoming a new heap leach gold producer in California. A joint venture and credit agreement on the pro…