Midland to change name as Chile results tabled
Minera Rayrock Inc. (VSE), which was known until recently as Midland Gold Corp. is close to completing a four-for-one share consolidation designed to increase the company’s chances of raising explorat…
News
Energex moving into oil and gas
A recent agreement to acquire an American oil and gas company signals a change in direction for Energex Minerals (TSE). The company said the recent decline in the price of gold rendered its gold proje…
Placer Dome picks up interest in Jualin property near Juneau
With reserves in the ground and plenty of exploration potential left, the Jualin gold property near Juneau, Alaska, has caught the fancy of Placer Dome (TSE). Besides agreeing to spend $7 million on J…
Thorco to purchase Scottish gold bets
Toronto-based Thorco Resources (TSE) has signed a preliminary agreement to acquire a controlling stake in over one million acres of Scottish gold and silver mining licences. Under the proposed agreeme…
Eastern Destor fault draws attention
A large land package covering 25 miles of the western extension of the Destor- Porcupine fault has been assembled by well-known local geologist Robert Middleton. The ground, which is held by a group o…
Bulk sample plans at Bakra project
Vancouver-based Bakra Resources (VSE) has completed four more drill holes at its Sannorm gold property in Manitoba where three zones have been outlined so far. Located 120 miles northeast of Winnipeg,…
Metal Prices FUTURES PRICES (July 17, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jul103.20 101.90 102.20 + 1.20 Sep102.40 100.80 101.70 + 1.25 Dec 99.50 98.30 …
Corona’s sample shows diamonds in Saskatchewan
Corona Corp. (TSE) has announced that it has found diamonds in the kimberlite pipe it drilled on property optioned from Claude Resources (TSE). The claims are near Sturgeon Lake, Sask., 40 km north of…
Minerex has earnings
Minerex Resources (TSE) realized net earnings of $817,286 or 8 cents per share for the 9-month period ended Feb 28. Revenue of $7.9 million was generated from the sale of 18,037 oz of gold and 21,714 …
Freewest gets zinc bet
Freewest Resources (ME) has an option to acquire a 100% interest in three zinc prospects in the St. Lawrence Lowlands, 30 miles south of Montreal. The properties cover 25,500 acres and are underlain b…
Historic Welsh base metal mine to re-open
Parys Mountain on the Isle of Anglesey off the north coast of Wales has been mined for more than 2,000 years. Both the Druids and the Romans mined for copper on Parys Mountain and it later provided th…
Glencairn Explorations signs letter of intent to fund diamond mine
A letter of intent has been signed between Glencairn Explorations (ASE) and a Brazilian bank. The bank has agreed, subject to certain conditions, to carry out a best efforts private placement offering…