Valdez Gold acquires shares of San Paulo
Ian McAvity, chairman of Valdez Gold, says a total of 3,999,724 shares of San Paulo Explorations (ASE) have been deposited under the company’s recent offer to purchase two million shares of San Paulo….
News
Ester property drilling returns gold
Recent diamond drilling on the Ester property near Fairbanks, Alaska, has returned some encouraging results. A unit of Inco (TSE) is earning a 70% interest in the property from Silverado Mines (VSE) b…
Audrey examining Mobrun bet targets
Having discovered five massive sulphide lenses on its Mobrun mine property near Rouyn-Noranda, Que., Audrey Resources (TSE) has set out to look for additional deposits on the property. The company say…
Westmin signs Tenajon agreement to develop SB
It has taken longer than expected, but Westmin Mines (TSE) and Tenajon Resources (TSE) recently announced the closing of a joint venture agreement for ongoing development of Tenajon’s SB gold property…
Sale of Poco holdings to provide Corona with funds for Eskay Creek
Selling off its Canadian oil and gas interests will allow Corona (TSE) to place more emphasis on its gold-mining activities and help the company to reduce its debt. President Peter Steen, meeting in T…
Quebec association’s research focuses on narrow-vein mining
In 1989-90, research was one of the Quebec Mining Association’s three priorities. The main problems consist in the need to transform narrow-vein exploration technology so as to considerably increase t…
Ennex, Cominco in Irish joint venture
Irish mining firm Ennex International says a 17-hole drill program is under way on its Rathdowney base metal properties in the midlands Ireland. Northgate Exploration (TSE) holds a 35% indirect intere…
Golden Patricia mine about to embark on development and expansion
Considered one of the most promising new mines in Canada, the Golden Patricia mine, 45 miles west of Pickle Lake in Northwestern Ontario, is about to enter a new era of development and expansion. Don …
Mighty oaks from little acorns grow
A case in point would have to be American Barrick Resources, one of today’s true giants of the Canadian mining industry. Barrick’s shares now trade on the Toronto, Montreal and New York stock exchange…
ROM
The mineral collection of the Royal Ontario Museum in Toronto will take centre stage in January when the mineralogy department presents its Cocktails with Curators IV. Curator Fred Wicks and his staff…
Langmuir nickel production near – Low-cost access to orebody
The Langmuir No. 1 deposit of Timmins Nickel (TSE) should be in full production by mid-November, The Northern Miner learned during a visit to the project, 14 miles south of here. The company is curren…
Toronto Stock Exchange Oil price shock may foreshadow gold rally
Neither fear of a Mid-East war nor a sharp increase in the price of crude oil could engender much enthusiasm for gold stocks on The Toronto Stock Exchange during the week ended Oct. 9. But, in the cur…