Render unto Caesar
The Polish mint has struck a one-troy-pound gold coin to commemorate the tenth anniversary of Pope John Paul II’s election as pontiff. Even though there are only 300 of the 0.999% pure gold coins mint…
News
Muscocho, McNellen release drill results at Magino below 500 ft
Drilling below the 500-ft level at the Magino gold project in northern Ontario confirms the downward persistence of the property’s multiple-vein system, say project partners Muscocho Explorations (TSE…
Tenajon Reports Further Drill Results From SB Property
Channel samples taken from recent underground work at the SB property near Stewart, B.C. returned impressive values in a number of metals including gold, silver, copper, lead and zinc. Tenajon Resourc…
Augmitto on schedule at Beauchastel property
Pre-production development is proceeding on schedule and within budget on Augmitto Explorations’ (TSE) Beauchastel gold property near Rouyn, Que. The company reports that construction of a 1,000-ton-p…
Follow-up drilling planned for Pickle Lake project
An exploratory 2,000-ft drill program has been completed on the Misehkow River project located about 35 miles southeast of Pickle Lake, Ont. The project is a joint venture involving Northern Dynasty E…
Old mining firm revived by Norad
Norad Resources (ASE), the former and long dormant Knutson Mining Corp. which dates back to 1937, has raised $500,000 for an active exploration program. The company, which retains its original McRae-R…
News in Brief (October 17, 1988)
Rojoll Explorations has changed its name to Morrison-Grey Enterprises Ltd. (MGP:VSE) on a sharefor-share basis.
Falconbridge consults rules in bid to halt Noranda Inc.
It may be merely a temporary snag, but the Ontario Securities Commission is delaying Noranda Inc.’s (TSE) recent bid to buy seven million Falconbridge Ltd. (TSE) shares at $22.25. Following a request …
COATS Trading Features (October 17, 1988)
Trading was quiet as mining issues continued to drift in a lethargic market that has characterised the past several weeks. Prices were easier for Boston Bay Mines which tested a new low of $2.50 this…
Alternatives being examined to Ontario Mineral Exploration Program
The Ministry of Northern Development and Mines is examining alternatives to its popular Ontario Mineral Exploration Program (OMEP). It hopes to come up with some definitive conclusions on alternatives…
Chinese invest in All-North
The China International Trust & Investment Corporation, the foreign investment arm of the Chinese government, has made what appears to be a precedent setting investment. The investment bank has taken …
Aurora has cash for property acquisitions
Aurora Gold (ASE) plans to take nearly $850,000 cash profit from an oil and gas investment and spend it on mineral property acquisitions. Gary Nolin, a director and officer of the Calgary-based compan…