Atlantic control sold
Control of Atlantic Goldfields (COATS) has passed to Ronald Goguen, a private investor based in New Brunswick. Via his private company, Kash Investments, Goguen purchased 2.3 million shares or a 19.7%…
News
Noranda exploring Glen Auden property
Exploration work has commenced by Noranda Exploration on the Beatty Twp. gold property near Matheson, Ont., held under option from Glen Auden Resources (TSE) and Golden Dragon Resources (VSE). Ground …
Letters to the Editor Newmont in Canada
On behalf of Newmont Mining and the many Newmont employees who have been part of the Canadian mining scene over the past 60 years, I would like to express sincere thanks for your gracious comments on …
Seabright busy with projects at Moose River and Dufferin
After closing down operations at its Caribou gold property Seabright Explorations (TSE) is concentrating its efforts on a couple of other Nova Scotia projects. The Westminer Canada subsidiary says it …
Former LAC trio get second chance with Perrex
The team that helped make LAC Minerals one of Canada’s most successful exploration and mine development company’s, wants to do it again — this time on its own. Dennis Sheehan and Robert Valliant, bot…
Pegasus merger deal with USMX collapses
Merger negotiations have been terminated between Pegasus Gold (TSE) and USMX Inc. (NASDAQ). The decision to terminate was made by the latter which cited “new developments . . . the potential ramificat…
North American, Dundee buy Kennco’s Vszza Twp. interests
The joint-venture team of North American Rare Metals (ME) and Dundee-Palliser Resources (TSE) has now finalized an agreement with Kennco Explorations to purchase all of that firm’s rights and interest…
Gold report
A thorough analysis of the world gold mining industry is available from Colorado-based Metal Market Consultants. Titled “Gold Situation-1988,” the crisply-edited report offers an analysis of the suppl…
Total Energold year-end results not 100% of story says president
From a financial point of view, 1988 wasn’t a good year for Total Energold Corp. (TSE). The company’s net loss of $47.2 million was almost seven times the previous year’s total. But at a recent press …
Gamsan encouraged by Saskatchewan drill results
Encouraging results have been reported by Gamsan Resources (ASE) from a recent drill program on the company’s Brabant Lake polymetallic property in northern Saskatchewan. Brabant Lake is located 90 mi…
Frnakfield shows signs of reviving
Shareholders of Frankfield Exploration (ASE), which has remained relatively dormant of late, are likely to see their company become more active. “We are going to be on the lookout. We certainly won’t …
Juniors seek alternatives to fund exploration plans
The decline in gold prices to below $400(US) per oz combined with the reluctance of speculative investors to place their money into exploration equities, is playing havoc with the junior exploration s…