News


Varna, Nfld. Goldbar agree to Glover deal

Privately owned Maritime company Newfoundland Goldbar Resources agreed recently to earn a 40.1% stake in Varna Gold’s (ASE) Glover Island gold claims in central Newfoundland. Goldbar will act as opera…


Coughlan hearing scheduled for Jan 22

The Ontario Securities Commission has issued a notice of hearing to Terence Coughlan to appear before the commission Jan 22. The notice refers to allegations that Coughlan, as president of Seabright R…


Teck to drill Iron Mask

A reverse circulation drill program by Teck Corp. (TSE) is planned for the Iron Mask copper-gold project 20 km west of Kamloops, B.C. As operator, Teck can earn a 50% joint venture interest in the 4,5…


Mono seeks funds for gold property

A $1.7-million exploration program has been recommended for Mono Gold Mines’ (VSE) Bannockburn gold project, in Madoc Twp., north of Belleville, Ont. The Vancouver-based company has been exploring the…


Professor preparing environmental report

Toronto-based Consolidated Professor Mines (TSE) hopes to complete an environmental assessment report sometime next year for its proposed Duport gold mining operation at Shoal Lake near Kenora, Ont. L…


Cominco signs agreement on Quebrada Blanca

A definitive agreement has been signed for the development of the Quebrada Blanca copper deposit in northern Chile. As reported (N.M., Aug 28/89), the agreement provides for the formation of a company…



McNickel’s Lac St. Jean prospect is uneconomic

The story of McNickel Inc.’s (COATS) copper-nickel exploration project at Lac St. Jean, Que., has ended in disappointment. The McNickel discovery, which earlier this year touched off a staking rush in…


Scintilore Trio hit gold at Carlin bet

Anomalous gold values at shallow depths have been encountered on a group of Carlin, Nev., properties held jointly by partners Trio Gold (ASE) and Scintilore Explorations (TSE). The two companies curre…



Ontario’s new Mining Act approved by legislature

Supported by all three political parties, Ontario’s new Mining Act sailed through the provincial legislature this fall gaining Royal assent on Dec 6. “After 73 years, Ontario now has a new Mining Act …


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