Rainbow releases Inco Expl. result
Results were released recently from a 4-hole program on the gold- copper project of Rainbow Exploration (ASE) and Inco Exploration in Falconbridge Twp., five miles northeast of Sudbury, Ont. Inco Expl…
News
Rayrock optimistic on potential to expand Stonehouse
Possibilities are good for an expansion of the Stonehouse gold deposit toward the west, Rayrock Yellowknife Resources (TSE), the project operator, says. Situated in Nevada near Rayrock’s Marigold mine…
Belmoral interested in Wrightbar drilling
Belmoral Mines (TSE) is watching with interest the drilling program being undertaken on the southern portion of the Bourlamaque Twp. property of Wrightbar Mines (ME) in northwestern Quebec. Wrightbar,…
Continental Pacific plans NWT programs (December 18, 1989)
After spending over $1 million on exploration this past season, Continental Pacific Resources (VSE) plans to spend a further $2 million in the 1990 season on its two key properties in the Northwest Te…
Deep drilling by Wrightbar testing base metal potential
Assay results are expected to be released this week from a 3,000-ft hole drilled to test for the depth extension of a zinc zone on Wrightbar Mines’ (ME) Bourlamaque Twp. property, east of Val d’Or. Th…
Black Hawk drilling deep holes at Minago
Two deep holes are being drilled below 1,600 ft to probe for downdip extensions to the Minago nickel deposit in Manitoba, reports owner Black Hawk Mining (TSE). The Minago deposit is 140 miles south o…
Toronto Stock Exchange Indices (December 18, 1989)
1989 Dec 12 Dec 11 Dec 8 Dec 7 Dec 6 HIGH LOW Composite “300” 4002.993989.383982.733969.453951.664037.833353.13 Metals & Minerals 3307.533293.633314.663325.623344.303919.203207.50 I…
Atlanta slate reinstated
The British Columbia Court of Appeal has overturned the decision rendered in July by the Supreme Court of British Columbia which gave control of Atlanta Gold (TSE) to U.S. Gold (NASDAQ). Consequently,…
Armeno to explore copper deposit in Africa’s Sudan
Vancouver-based Armeno Resources (ME) has entered into a joint venture agreement with the government of Sudan for the exploration and development of a large copper-gold deposit in the African nation. …
The Japanese way to boost gold assets
The recent upswing in the price of gold is being accounted for in several ways by analysts. New legislation in Japan allowing non-life insurance companies to invest up to 3% of their assets in gold bu…
Kewagama sampling vein structure (December 18, 1989)
A recent sampling of the No 2 vein over a portion of the 250 level lying west of the No 1 shaft and directly below the current drifting on the 125 level at the Granada property near Rouyn-Noranda, Que…
Copper-gold find at Hanson Lake (December 18, 1989)
A copper- gold discovery was recently made by Cazador Explorations (VSE) on its Hanson Lake property near Burns Lake, B.C. .T The mineralization was encountered in the main discovery trench within o…