Map available now of B.C. hot spots
A full color map covering one of the most active exploration areas in Canada is now available from Equity Preservation Corp., of Vancouver. Accompanying the 25×37 inch map is a handbook with ownership…
News
FINANCING (December 19, 1988)
VANCOUVER Anglo American Res — 624,000 offered @ 45 per unit. Blue Emerald Res — gross proceeds rec $210,000. Loumic Res Ltd — gross proceeds rec $200,000. Tansy Res — 400,000 sold for gross $140…
Longreach to drill platinum prospect in Tulameen
In order to earn a 50% interest in the Grasshopper project in the Tulameen area of B.C., Longreach Resources is carrying out a follow-up percussion drill program to test platinum values encountered in…
Corona says grade and tonnage lower at Nickel Plate project near
Production deficiencies at Corona Corp.’s (TSE) Nickel Plate mine near Hedley, B.C., are finally out in the open. Addressing a group of analysts in Montreal recently, President Peter Steen confirmed t…
Calpine drill results bolsters Eskay Creek tonnage potential
The first hole from a phase-two drill program at Calpine Resources (VSE) Eskay Creek project in northwestern British Columbia appears to confirm the large tonnage potential of the discovery. Consolida…
Montreal Exchange Cambior ups offer
When Cambior Inc. decides to pursue an acquisition target, it seems there is no holding back the major Quebec gold producer. Initially bidding $1.50 per share for between 30% and 60% of Nova- Cogesco …
Corona acquires option in Messeguay bet
An option agreement has been entered into by gold producer Corona Corp. (TSE) and Quebec junior Messeguay Mines (ME) whereby the former may earn up to a 70% interest in a portion of Messeguay’s Launay…
Kewagama drilling at Granada bet
A preliminary underground drilling program at the Granada property in northwestern Quebec has been completed, Kewagama Gold Mines (Quebec) (ME) reports. A total of 3,288 ft of drilling was carried out…
Vancouver Stock Exhange Calpine continues to climb
With the Christmas season drawing near, market activity on the VSE has dropped off considerably. The expected seasonal decline and some tax-loss selling impacted on the VSE Index which was off 2.35 po…
Alberta Stock Exchange Bitech on gold scent
Even in a listless market, investors will still respond to the sniff of a significant gold discovery. Bitech Energy has offered plenty of recent evidence that it is on the scent of something interesti…
Canaustra finds sulphides on Gull Pond property
A new discovery of polymetallic sulphides has been made by Canaustra Gold Exploration (VSE) on the Gull Pond property in the Baie Verte peninsula of Newfoundland. The discovery was the result of back-…
Lornex wind-up meets opposition
An agreement concluded earlier this month between Rio Algom (TSE) and Teck Corp. (TSE) which would see Lornex Mining (VSE) discontinued as a public company is said to be facing opposition by at least …