COATS (over-the-counter) Costigan doubles
Investors doubled the share price of Costigan Gold as the junior completed an option agreement on a polymetallic property 200 km southwest of Bathurst, N.B. Costigan can earn up to 40% in the soon-to-…
News
GIOCC GOLD OPTIONS
Options Open Series Volume Last Interest Nov. 460 C 412 15.50 199 Nov. 420 C 311 4.50 3,461 Feb. 380 C 304 19.00 450 Nov. 430 C 224 15.00 2,829 Nov. 400 C 201 14.50 2,226 May. 450 C 150 10.50 167 Feb….
Jarvis plans drilling on marble prospect
Jarvis Resources (VSE) is planning to drill its newly acquired marble property in Parkin Twp., 20 miles from Sudbury, Ont. Jarvis intends to complete the next phase of drilling, designed to delineate …
Pickle Lake one of Ontario’s most prospective areas
To boost reserves at its 65% owned Golden Patricia mine, near Pickle Lake, Ont., LAC Minerals (TSE) is busy completing a US$1.7-million exploration program at the site this year. The Toronto-based com…
Barrick drills new zone east of Holt-McDermott
American Barrick Resources (TSE) is drilling what a company official has described as an “interesting new zone” on the Mattawasaga property, east of Barrick’s Holt-McDermott gold mine at Kirkland Lake…
Inco, Golden Knight renew Casa Berardi exploration
This month marks the start of a 15-month exploration program at Casa Berardi Est gold mine in Quebec of Inco Gold and Golden Knight Resources. The program is designed to define the mine’s resources in…
Windy raises cash
Through a private placement of 25 units, Windy Mountain Explorations (COATS) has raised $706,250 for further exploration at the MacLeod Lake copper property, north of Chibougamau, Que. Each unit consi…
Noranda options Deception Lake bet
A drill program operated by Noranda Exploration is expected to begin shortly on the Deception Lake polymetallic prospect north of La Ronge, Sask. The unit of Noranda (TSE) has an option to earn a 70% …
PROFILE Parres stockpiles his laurels
Whenever the subject of mining in Manitoba comes up, the Parres family is likely to be mentioned. Lew, for one, was dubbed prospector of the year for 1988 by the Prospectors and Developers Association…
NorthWest moves to cap cost of fuelling Colomac gold bet
NorthWest Gold (AMEX), a subsidiary of Northgate Exploration (TSE), has taken steps to limit the cost of fuelling its 200,000 oz.- per-year Colomac gold project in the Northwest Territories. As the pl…
Lyon begins testing large, low-grade gold deposit in Costa Rica
The first few holes of a 21-hole drill program on the Beta Vargas property in Costa Rica are confirming the presence of a large, low- grade gold deposit. Assays from Lyon Lake Mines’ (ME) first hole o…
Drilling company has followed fortunes of mining since 1926
One of the world’s most prolific underground and surface diamond drilling contractors, N. Morissette Canada Inc. has drilled more than 55 million ft. of diamond drill core since its founding in 1926. …