FINANCING (November 28, 1988)
VANCOUVER Brooks Res. Ltd. — gross proceeds rec $315,000. Evergold Res. Inc. — gross proceeds rec $275,000. Silver Lake Res. — gross proceeds rec $175,000. Simon Fraser Res. Ltd. — min 500,000 off…
News
Newmont’s move results in $8.8 million loss
The decision by Newmont Mining Corp. (NYSE) to move its head office from New York to Denver in 1989 generated an $8.8 million loss for the third quarter, compared to a $21.4 million profit a year earl…
Golden North, Corona deal is terminated
An interim agreement allowing Golden North Resource (TSE) to acquire interests in the Bralorne and Cariboo Bell properties in British Columbia, and other property interests from Corona Corp. (TSE) has…
Larder Lake agreement
A number of company’s involved in exploration at the Larder Lake gold property near Kirkland Lake, Ont. have agreed to revise an agreement which would have given Gold Vessel Resources (ASE) a 24% in r…
Bond Gold set to expand North American output
Australian business magnate Alan Bond, with his penchant for corporate juggling and getting things moving, is well positioned to make waves on the North American gold mining scene. His company, Bond I…
Drilling under way at Melrose, Placer bet
A 3,000-m diamond drilling is under way at the Melrose Resources (VSE), Placer Dome Inc. (TSE) joint venture project at Blackstock Twp., 30 miles southeast of Timmins, Ont. Melrose President Peter Hun…
Jarvis Resources drilling Mallard Twp. gold property
Initial drill results from Jarvis Resources'(VSE) Mallard Twp. property in northern Ontario have returned anomalous gold values. Five diamond drill holes were recently completed as part of an ongoing …
Ronrico raises more funds for Simkar bet
Toronto-based Ronrico Explorations (VSE) has announced another funding agreement to finance exploration on the Simkar gold property east of Val d’Or, Que. The funding agreement was made with the Minta…
TSE blocks Corona/Golden North property transaction
The Toronto Stock Exchange blocked an interim agreement between Golden North Resource Corp. (TSE) and Corona Corp. (TSE) which would have seen Golden North acquire, along with certain other assets, Co…
Companies consolidate interests in B.C. copper-gold project
The companies involved in the Kerr copper- gold property, Western Canadian Mining Corp. (VSE) and Sulphurets Gold Corp. (VSE), recently agreed in principle to consolidate their respective interests in…
Claude, Newmont pleased with Ithingo drill results
Preliminary drill results from the Ithingo Lake gold project in northern Saskatchewan have been received by partners Newmont Mines, a wholly-owned subsidiary of Newmont Mining, and Claude Resources (T…
Newfoundland exploration surge
Largely bypassed in recent years, the Province of Newfoundland is witnessing quite an exploration boom these days, The Northern Miner gathers. Three years ago saw less than $10 million spent on minera…