Gold Project Reverts to Golden Zone Resources
Full ownership of the Golden Zone property in Alaska has reverted to Golden Zone Resources (VSE) after an option agreement with United Pacific Gold (VSE) was recently terminated. Grant Hagestad, chair…
News
Placer Dome helping to fund VSM plans
A $3-million share purchase agreement with VSM Exploration involving six million flow-through shares will give Placer Dome (TSE) controlling interest in the exploration company. Placer has agreed to p…
Private company pland `89 start for rich Timmins nickel deposit
Malcolm Slack and his crew have entered the nickel business. The well-known Canadian mining man and his team expect to have the high grade Redstone nickel deposit near Timmins, Ont., in production by …
Stikine presiden onesPezm’ idfrcnrl
Murray Pezim’s recent offer to acquire 51% of the issued capital of Consolidated Stikine Silver Ltd. (VSE) no doubt represents a potential financial windfall for Marguerite MacKay, president and subst…
Will Barrick loan affect gold price?
Just what the price of gold, which has been struggling of late, needs: an announcement by American Barrick Resources (TSE) that it is arranging a 1,050,000-oz gold loan. The precious metal, which just…
La Fosse makes bid to purchase Louvicourt Gold
An offer to purchase 60% of the issued and outstanding common shares of Louvicourt Gold Mines (COATS) has been made by La Fosse Platinum (TSE). The offer will be made on the basis of one common share …
Santa Cruz venture secures copper bet
The Santa Cruz joint venture of Asarco Inc. and Freeport-McMoRan Gold have purchased 2,420 acres near Casa Grande, Ariz. The companies say a portion of the acreage contains a porphyry copper deposit. …
Troudor exploring new Idaho gold project
Preliminary sampling of a recently-optioned property in Idaho is confirming the presence of good gold values in underground workings, according to Troudor Resources (VSE). The company recently acquire…
Second generation of miners
Even though Balmertown,Ont., is a 4- Ehour drive from the nearest city, Campbell management has never relied on itinerant miners coming to the door in search of employment. Rather than bring in unskil…
Bitech takes close look at Betts Cove drilling results
After completing 6,700 ft of diamond drilling at its Nugget Pond gold property near Betts Cove, Nfld., Bitech Energy Resources (ASE) is taking a hard look at the data before deciding what to do next. …
Stephen B. Roman, 1921-1988
A Slovakian immigrant who began his working life in Canada as a tomato picker, Stephen B. Roman built one of the country’s largest mining and resource empires. That globe-spanning empire now includes,…
Newmont plans more drilling at Ithingo
Newmont Mines, a wholly- owned subsidiary of Newmont Mining, will begin an 8,000-ft drill program next month on the Ithingo Lake gold property in northern Saskatchewan. Mobilization will begin this mo…