Wharf completes United Coin deal
The purchase of a $2.1-million note (Series 2) from United Coin Mines (TSE), the final instalment of tranche 2 of a commitment to acquire up to $9.6 million of United’s 11% notes, was recently complet…
News
Murgold, Chesbar hit new gold zone
A 7,500-ft. drilling program is under way on property in Chester Twp., Ont. by Chesbar Resources (TSE) with a 64% interest and Murgold Resources (TSE) with 36%. The partners say a new gold zone was f…
Mimiska earns in
Mimiska Mining (ME) has earned a 50% interest in the Pyrite Falls project in Labrador. Noranda (TSE) holds the remaining 50%. Gold values have been encountered in wide-spaced drilling completed on a s…
Investors send gold soaring
The price of gold was on a tear upwards and the stock markets in retreat today, Jan. 24. Gold, which spent more than a few months last year below US$400, rallied today in London, where the afternoon f…
Obituary Alexander Pope
Alexander Pope, a long-time resident of the old silver mining camp of Gowganda and a well- known prospector, died Dec. 31 in Englehart, Ont. He was 100 years old. He led an active life in the field we…
PDAC
Members of the New Brunswick Prospectors and Developers Association (NBPDA) will raffle a dore bar at the 58th annual convention of the Prospectors and Developers Association of Canada (PDAC) in Toron…
Lithium Corp. in option deal
The right to earn an interest in a group of mineral properties in the Oxford Lake area of Manitoba has been acquired by The Lithium Corp. of Canada (COATS). Lithium may earn a 50% interest from Norand…
Umex sells claims for $500,000
Vancouver-based Major General Resources (VSE) is poised to pick up a large portfolio of exploration properties from Umex, a subsidiary of Belgium-based Union Miniere SA. The two companies recently sig…
Bonanza pleased with Poirier drill results
Exploration drilling by Bonanza Metals (ASE) on the Poirier base metal property near Joutel, Que., continues to yield encouraging results, the company reports. Bonanza’s joint venture partner in the p…
Nickel price plunges
Nickel prices have been on a downward slide since the summer and are likely to continue doing so in the short term, says an analyst with Andras Research Capital. Victor Lazarovici said nickel, whose s…
Noranda program boosts reserves at New World
Exploration success during the 1989 field season has resulted in a substantial increase in geologic reserves for the New World gold-silver-copper project owned by Crown Butte Resources (VSE). Prepared…
Insider Trading Thunderwood insiders sell shares as outlook
As the price of gold has risen and then stayed above the US$400 per oz. level, so too have the share prices of a few select gold explorers with known gold deposits and cash in the bank. Shares of Toro…