Varna reports results from Baie Verte claims
Some very encouraging drill results have been reported by Varna Gold (VSE) from its Mings Bight property on the Baie Verte Peninsula in Newfoundland. Three separate mineralized horizons have been outl…
News
Porphyry copper-gold deposit discovered in Sulphurets camp
A large tonnage, near surface, metamorphosed porphyry copper-gold deposit has been defined by trenching, geophysical surveys and diamond drilling on the Kerr property located 60 km north of Stewart, B…
Proxy battle at Massive meeting
The board of directors for Massive Resources (TSE) got a surprise at the company’s annual meeting recently in Toronto. President John Sadowski intended to announce at the meeting that he was negotiati…
Lyon Lake has accessed drift at former Mosquito gold mine
A public financing of $8.1 million has been arranged by Lyon Lake Mines (ME) to fund exploration at the company’s Belleterre and Mosquito gold properties. After spending $4.5 million to explore the tw…
Teeshin agreements
Teeshin Resources (VSE) has entered into option agreements with three vendors for claims in the Dome and Sibola Mountain areas of British Columbia. The first deal gives Teeshin the right to earn a 50%…
Teck reserves up
Tundra Gold Mines (VSE) is preparing an offer to purchase the interest held by Teck Corp. (TSE) in the former producing Lamaque gold mine near Val d’Or, Que. The offer will also be for the 1,800-ton-p…
High River Reports Results from Snow Lake Program
The underground drill program now under way at the Snow Lake mine in northern Manitoba appears to be off to a good start. According to High River Resources (VSE), the operator of the exploration progr…
Spot prices at a glance (October 10, 1988)
Week’s Price (US) Change Gold (per oz) $397.25 $ 0.40 Silver (per oz) $ 6.22 + $ 0.04 Platinum (per oz) $507.00 + $12.00 Copper (per lb) $ 1.19 + $ 0.05 Lead (per lb) $ 0.30 +…
Noranda to boost stake in Falconbridge to 29%
When Noranda Inc. (TSE) recently announced plans to increase its stake in Falconbridge Ltd. (TSE) to just under 30%, Chairman Alf Powis said he had no intention of seeking full control. “Our plan is t…
Property acquisition by Card Lake
A base metals property has been optioned by Card Lake Resources (COATS). Located in the Tumpline Lake area of the N.W.T., the property is 60 miles northeast of Yellowknife. Grab samples from two showi…
Construction at Cheni Gold Mines project on schedule
Construction work at the Cheni Gold project in the Toodoggone area of British Columbia is on schedule, but a switch from shrinkage to blast-hole stoping is expected to increase development costs over …
Battle over Frasergold Continues
The battle for control of the Frasergold project west of Williams Lake, B.C. appears to be far from over. Two Vancouver-based juniors, Southlands Mining Corp. (VSE) and Eureka Resources, (VSE) have lo…