Alban acquires large acreage in Carlin
Two groups of mineral properties totalling about 500 acres were recently acquired by Alban Explorations (VSE) in the Carlin Trend of Nevada. The purchase price was a total of 300,000 Alban shares and …
News
FINANCING (November 20, 1989)
VANCOUVER Bellex Mining — gross proceeds rec $235,000. Dessir Res — 600,000 sold for gross $228,000. Goldcliff Res Corp — gross proceeds rec $240,000. Reg Res Corp — gross proceeds rec $146,946.60…
St. Genevieve income
Montreal based St. Genevieve Resources (TSE) reported a 9-month net income of about $1.3 million (3 cents per share), compared to a loss of $2.9 million (20 cents per share) for the same period in 1…
Mine feed only for Magnacon mill
The Magnacon mine near Wawa, Ont., produced about 3,300 oz gold in October, Windarra Minerals (TSE) reports. Mill throughput during the month averaged 473 tons per day at an average head grade of 0.25…
Montreal Exchange Aur holds centre stage
The recent massive sulphide copper-zinc discovery in Louvicourt Twp. near Val d’Or, Que., continues to spark investor interest. The latest drill-hole results, however, did not send prices of either Au…
Wilanour sampling
The initial underground exploration phase on the former producing Cochenour-Willans gold mine property has been completed by Inco Gold. The company, a wholly owned affiliate of Inco Ltd. (TSE), plans …
Vancouver Stock Exchange Gold price rise slow to work
Gold stocks accounted for a good portion of the volume on the Eastern exchanges in recent weeks. However, the upward surge in gold prices did little to boost trading volumes on the Vancouver Stock Exc…
TSA forms joint venture with Teck
A joint venture involving TSA Explorations (VSE) and Teck Corp. (TSE) was formed to explore a lead-zinc-silver prospect 90 km east of Quesnel, B.C. Teck will act as operator for a 52% interest, while …
Low grading nickel values cut by Milestone in Manitoba
Low grade nickel-copper values have been intersected by eight shallow drill holes completed recently on Milestone Resource’s (COATS) Ore Fault claims in southeastern Manitoba. The 16-claim property, a…
Placer ups stake in U.S. Gold
A wholly owned subsidiary of Placer Dome (TSE) has opted for early conversion on a $4.5-million debenture of U.S. Gold (NASDAQ). The debenture, convertible into three million common shares, was due to…
Pronto drill results
Pronto Explorations (TSE) has released drill results completed by Inco Gold on the Cochenour-Willans gold property near Red Lake, Ont. The results came from drilling completed by Inco between the 1,60…
New management at junior Cache
The new majority shareholder and manager of Explorations Cache (ME) is Corpomin Management of Montreal. Pierre Boudreault has been named president and Charlene Ross, secretary-treasurer. Forming the b…