First gold pour at Golden Bear
Despite a rocky start on the road to production, the Golden Bear mine in northwestern British Columbia poured its first gold bar on Jan. 31. Sized at 360 tonnes per day, the mine is operated by North …
News
Parquet, Cache cut strong gold values
Joint venture partners Parquet Resources (TSE) and Explorations Cache (ME) have intersected 38.2 ft. grading 0.34 oz. gold per ton and 13 ft. grading 0.67 oz. in two recently completed drill holes on …
City presses ERG over site agreement
The mayor of Timmins, Dennis Welin, is serving notice that the owners of the ERG Resources (TSE) tailings reclamation operation will have to live up to the terms of a site agreement. The 1987 agreemen…
Deception Lake drilling disappoints
A 10,000-ft. drill program by Northair Mines (TSE) is nearing completion on the Deception Lake lead-zinc-gold- silver prospect in northern Saskatchewan. Northair, which is earning a 51% interest in th…
Goldbelt gets option
Goldbelt Mines (TSE) has signed an option agreement with Glen Auden Resources (TSE), giving the company the right to earn a 50% interest in Glen Auden’s 219-claim property in Moody Twp., Ont. The Mood…
Gold funds as of Feb. 6
MVP BGR Central Capital Net value$12.48 $6.41 $0.44 Price$11.625 $6.75 $0.37 Discount 6.85% 5.3% 19% Value$74,332,312 $107,879,217 N/A…
Correction (February 12, 1990)
A recent story (T.N.M., Jan. 29/90) incorrectly identified the owners of Mingold Resources. The exploration company is 50% owned by Inspiration Resources (NYSE) and 50% by Minorco Canada.
News in Brief (February 12, 1990)
Regional Resources (TSE) has changed its transfer agent to Montreal Trust Co.
Normetal contract
Normetal Mining Exploration (ME) has signed a milling and smelting contract with Noranda (TSE) for the refining of 70,000 tons of zinc-silver ore, and the purchase of zinc and silver concentrates, by …
People (February 12, 1990)
PEGASUS GOLD — James Redpath appointed a director succeeding James Foreman. Stanton Bennett, vice-president and secretary, has retired. Lyle Beaudoin will assume the responsibilities of general couns…
Minnova ups stake
Minnova (TSE) has acquired another one million shares of Laramide Resources (VSE) which increases Minnova’s stake in the company to 37.2%. The shares were issued to Minnova after the company spent $1 …
COATS (over-the-counter) Black Gregor active (February 12, 1990)
Shares of Black Gregor Explorations have been trading actively at around the 59 cents level recently as the company’s gold prospect 10 miles north of Marathon, Ont., has caught the eye of some senior …