NEWS ROUNDUP — GeoNova options Serem ground
An agreement has been reached between GeoNova Explorations (VSE) and Serem Quebec that will enable GeoNova to acquire a 60% undivided interest in 59 claims held by Serem in northwestern Quebec. The pr…
News
World Wide options Ag Armeno properties
Junior World Wide Minerals (TSE) has optioned three Ecuadorean properties from Ag Armeno Mines and Minerals (VSE). Two of the concessions, La Pinta and Andoa, are in the north and contain several “Lor…
Bibiani results leave IGR hopeful
Results from the first half of a 30,000-ft. reverse circulation drill program on the Bibiani deposit in southwest Ghana indicate an average grade of 0.10 oz. gold per ton. CDN-listed International Gol…
LAST BUT NOT LEAST — Booker plans Hearne drilling
Exploration work is under way on the Hearne group of claims in the Babine Lake district of British Columbia. Booker Gold Explorations (VSE) is conducting a magnetometer survey in an effort to locate t…
Redfern advances Tulsequah Chief
Plans are under way to advance the Tulsequah Chief property in northwestern British Columbia towards a production decision. Owner Redfern Resources (TSE) has initiated environmental, geotechnical and …
Granges selling Trout Lake stake
A new corporate focus on precious metals has prompted Granges (TSE) to sell its 29% interest in the Trout Lake mine in Manitoba to Hudson Bay Mining and Smelting. Hudson Bay, which currently owns a 44…
LAST BUT NOT LEAST — Cyprus options Noble Peak bet
Cyprus Canada can earn a 60% interest in Noble Peak Resources’ (ASE) Southwin project in the Keewatin district of the Northwest Territories. Cyprus will pay $150,000 and spend $3 million on exploratio…
LAST BUT NOT LEAST — Keylock options N.W.T. gold play
Keylock Resources (ASE) intends to earn a half interest in the Gordon Lake gold property 100 km northeast of Yellowknife, N.W.T. To do so, the company will issue the vendor 200,000 common shares and s…
ODDS’N’SODS — Rocky landing on Marjorie Lake
During the summer of 1981, I was a geology student working in the Northwest Territories for a large Colorado-based exploration company. Uranium was the target, and we travelled large expanses of the n…
Damoti Lake results mixed
Drilling results from the high-grade Bif Island area of the Damoti Lake property north of Yellowknife, N.W.T., indicate the northerly extension of the zone may be limited. Partners Athabaska Gold (TSE…
NEWS ROUNDUP — Gold City options western gold play
Greenwood Gold, a private British Columbia-based company, has signed a deal to earn a 51% interest in Gold City Resources’ (ASE) Midway gold project in south-central British Columbia. Under the deal, …
GSC studies gold, PGE anomalies in Alberta
The Geological Survey of Canada (GSC) and the Alberta Geological Survey are participating in a research project to evaluate reported occurrences of gold and platinum-group elements (PGE) in the Fort M…