Nebex assay results
Assay results from reconnaissance prospecting and sampling on Nebex Resources’ (ASE) Mos claims in the Yellowknife area of the Northwest Territories have yielded values of 0.04-4.3 oz. gold per ton. T…
News
Placer Dome’s earnings benefit from sale of Canadian oil and gas
The sale of Canadian oil and gas assets gave Placer Dome (TSE) a large boost to its 1990 third-quarter and 9-month earnings. The major company received $288.5 million from the sale of its oil and gas …
Aurora to drill Best Chance
A 4-hole reverse circulation drill program is planned for the Best Chance copper property by junior Aurora Gold (VSE). Aurora has the right to earn a 100% interest in the Yukon property from Hudson Ba…
Agnico encouraged by new Eagle West gold discovery
More encouraging results were released by Agnico-Eagle Mines (TSE) from surface exploration of the Eagle West discovery 2,600 ft. west of the company’s Eagle shaft in the Joutel area of northwestern Q…
U.S. REPORT Hecla declares dividend and earnings
As a result of increased gold production and lower costs at its silver operations, Hecla Mining (NYSE) reported net earnings of US$591,000 for the third quarter ended Sept. 30, compared to a loss of U…
Acadia drops option on Bachelor Lake
Having spent about $1.9 million to explore the Bachelor Lake property at Desmaraisville, Que., Acadia Minerals (TSE) has decided to relinquish its option on the high-cost gold mine. Under an agreement…
COATS (over-the-counter) Anglo gains 28 cents
Almost tripling in value, Anglo Swiss Mining topped the most active list for the week ended Nov. 13, as more than 300,000 shares changed hands. Anglo, which gained 28 cents to close at 45 cents, is pr…
Diamond drillers recommend payy raise
The eastern contractors of the Canadian Diamond Drilling Association, based in North Bay, Ont., have recommended a wage increase of 4.2% for its members’ employees, effective Jan. 1. The recommendatio…
Minatco buys 100% of uranium property
Saskatoon-based Minatco, an affiliate of Total Compagnie Francaise des Petroles, has acquired a 100% interest in the Wolly project, a uranium property in northern Saskatchewan. Minatco, which purchase…
INSIDER TRADING M.I.M ups Granges interest to 34.2%
M.I.M Holdings (Canada), a unit of Australian mining company M.I.M Holdings, recently increased its stake in Granges (TSE) to approximately 34.2% from 32.5%. According to the Ontario Securities Commis…
NovaGold options more lead-zinc claims
Following its success on the Sewell Brook lead-zinc property in New Brunswick, NovaGold Resources (TSE) has optioned another 27 claims, 25 km east of its recent discovery. NovaGold says the Sears Lake…
Rankin greenstone belt displays ingredients for major discovery
Canada’s second largest Archean greenstone belt, which stretches for nearly 370 miles westward from Rankin Inlet, N.W.T., remains grossly unexplored, says geologist Maureen Jensen, president of Noble …