Noront flow-through
Noront Resources (VSE) has agreed to place a total of $1.16 million of flow-through shares with two flow-through funds. The money will be spent on the exploration of properties in Newfoundland and in …
News
Novagold could produce copper at Murray Brook
Halifax-based Novagold Resources’ (TSE) is evaluating the possibility of mining a copper zone on its Murray Brook property in New Brunswick. A diamond drilling program is currently under way and a tot…
Open pit mine studied for Big Hurrah
The first draft of a mine feasibility study nearing completion on the Big Hurrah gold project has Valhalla Gold Group Corp. (VSE) discussing project financing with investment firms and senior mining c…
South American says work proceeding on 3 Guyana gold projects
Follow-up exploration programs are in progress on three gold properties in Guyana, South American Goldfields (COATS) says. Homestake International Minerals, the project operator, is S. A. Goldfields j…
Pass Lake initiates acquisition program
After putting together a 110-sq-mile land position in the Galore Creek camp in northwestern British Columbia, Pass Lake Resources (VSE) has teamed up with Golden Sitka Resources (VSE) to carry out a n…
Quartz Mountain study continues
By the second quarter of 1989, partners Quartz Mountain Gold (TSE) and Galactic Resources (TSE) expect to have completed a feasibility study on the disseminated oxide portion of the Quartz Mountain go…
Quebec nickel play fueled by mystery
At last count, 24 junior companies had acquired properties in the Lac St. Jean area of Quebec, where a new base metal discovery is generating plenty of action. Since no drilling has yet been done, a g…
Silverside, Proteus amend amalgamation
Toronto-based companies Silverside Resources (TSE) and Proteus Resources (VSE) have agreed to amend the share exchange ratio of their proposed amalgamation. Under the previous agreement, the conversio…
Oneida plans to drill Arizona gold property
A 5,000-ft drill program is planned to begin this month on the Mexican Hat gold property owned by Oneida Resources (VSE). Located in Arizona, the Mexican Hat property covers a 4,000-ft long structure …
Preliminary study completed at QR
Based on the results of a recently completed preliminary study, QPX Minerals (TSE) says the Main zone of the QR gold deposit could be mined by open pit methods on a stand-alone basis for over five yea…
Goldteck pleased with test work
Favorable results have been received from metallurgical test work carried out on drill samples from the Bellview property along Nevada’s Carlin Trend, Goldteck Mines (TSE) reports. The results indicat…
Belmoral rejects Ketza, Canamax sues
Toronto-based Canamax Resources (TSE) is taking Belmoral Mines (TSE) to court over Belmoral’s decision not to purchase the troubled Ketza River gold mine at Ross River, Y.T. In a brief statement, Cana…