Morgain tests parallel zones
Recent drilling on Morgain Minerals’ (VSE) property in Coos Cty., N.H., has outlined weak base metal mineralization over a thickness of 750 ft. Holes 92-1 to 92-4 tested two parallel conductive zones …
News
U.S. REPORT (April 06, 1992)
A recently completed drilling program on the Middlemarch project in Cochise Cty., Ariz., returned mixed results for Toltec Resources (VSE) and Westpride Industries (VSE). Toltec can earn a 60% interes…
NEWS IN BRIEF (April 06, 1992)
Gunnar Gold Mining Corp. (GGO:ASE) has changed its name to Attn Aveca Entertainment Corp. with a consolidation of capital on a 1-new-for-10-old-share basis. The transfer agent is Montreal Trust.
Canmine drills two properties
Two more holes on Canmine Resources’ (CDN) FER property north of Flin Flon, Man., have intersected narrow lenses of polymetallic massive sulphide. Holes FER-5 and FER-6, collared 165 ft. apart, return…
Montreal Exchange (April 06, 1992)
The announcement of the discovery of a new gold-bearing zone at the old Siscoe mine property near Val d’Or, Que., propelled Aurochs Mining Exploration to near the top of the active list during the wee…
N.W.T. shipping study under way (April 06, 1992)
The Northwest Territories has taken another step towards establishing a shipping operation from Coronation Gulf on the Arctic coast by awarding The Canarctic Shipping Company a contract to complete a …
Foreign opportunities downplayed at PDAC
This year’s annual convention of the Prospectors and Developers Association of Canada attracted about 1,500 delegates and 800 exhibitors but the general mood seemed anything but upbeat. The convention…
Mining for Miracles
Donald McLeod, newly appointed chairman of “Mining for Miracles,” will launch this year’s fundraising campaign in April. Last year the drive raised more than $400,000 for Children’s Hospital in Britis…
Netolitzky expects 25% jump in Brewery Creek reserves
Ongoing exploration at the Brewery Creek project near Dawson City, Yukon, could increase the property’s reserve base by as much as 25%, says Ron Netolitzky, director of Loki Gold (VSE). Speaking at a …
Analysts see little hope for gold
The general consensus among analysts these days is that the gold price will remain flat or even drop further in the months to come. During the week following St. Patrick’s day, March 17, gold fell alm…
INSIDER TRADING (March 30, 1992)
Stafford Kelley, president of Vancouver-based Habsburg Resources (VSE), was both a buyer and a seller recently as drill crews boosted reserves at the company’s Dome Mountain gold mine in British Colum…
YGC properties eyed by major (March 30, 1992)
An undisclosed major mining company is negotiating with YGC Resources (VSE) to option five base metal properties wholly owned by the junior. The properties, accessible by road, are located west of Daw…