Thorco to purchase Scottish gold bets
Toronto-based Thorco Resources (TSE) has signed a preliminary agreement to acquire a controlling stake in over one million acres of Scottish gold and silver mining licences. Under the proposed agreeme…
Articles by Northern Miner Staff
FINANCING (July 17, 1989)
Galico Res — gross proceeds rec $236,250. Goldhill Res — gross proceeds rec $392,000. Pars Res — gross proceeds rec $230,000. Arnica Res — gross proceeds rec $280,000. Brockton Res — gross procee…
Eastern Destor fault draws attention
A large land package covering 25 miles of the western extension of the Destor- Porcupine fault has been assembled by well-known local geologist Robert Middleton. The ground, which is held by a group o…
Bulk sample plans at Bakra project
Vancouver-based Bakra Resources (VSE) has completed four more drill holes at its Sannorm gold property in Manitoba where three zones have been outlined so far. Located 120 miles northeast of Winnipeg,…
Metal Prices FUTURES PRICES (July 17, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jul103.20 101.90 102.20 + 1.20 Sep102.40 100.80 101.70 + 1.25 Dec 99.50 98.30 …
Corona’s sample shows diamonds in Saskatchewan
Corona Corp. (TSE) has announced that it has found diamonds in the kimberlite pipe it drilled on property optioned from Claude Resources (TSE). The claims are near Sturgeon Lake, Sask., 40 km north of…
Minerex has earnings
Minerex Resources (TSE) realized net earnings of $817,286 or 8 cents per share for the 9-month period ended Feb 28. Revenue of $7.9 million was generated from the sale of 18,037 oz of gold and 21,714 …
Freewest gets zinc bet
Freewest Resources (ME) has an option to acquire a 100% interest in three zinc prospects in the St. Lawrence Lowlands, 30 miles south of Montreal. The properties cover 25,500 acres and are underlain b…
Historic Welsh base metal mine to re-open
Parys Mountain on the Isle of Anglesey off the north coast of Wales has been mined for more than 2,000 years. Both the Druids and the Romans mined for copper on Parys Mountain and it later provided th…
Glencairn Explorations signs letter of intent to fund diamond mine
A letter of intent has been signed between Glencairn Explorations (ASE) and a Brazilian bank. The bank has agreed, subject to certain conditions, to carry out a best efforts private placement offering…
Good results from Mac zone a boost to busy Noble Peak
Busy Noble Peak Resources (ASE) recently tabled some encouraging results from an initial round of drilling at its Mac gold property in the Northwest Territories. Situated southwest of Rankin Inlet, th…
News in Brief (July 17, 1989)
Goldways Resources Inc. (GWY:VSE) has subdivided the company’s common shares on a 4-new-for-1-old share basis. Transfer agent is Montreal Trust Company.