Limited production at Magnacon mine
Production is continuing on a limited basis at the Magnacon gold mine in northern Ontario while operators Muscocho Explorations (TSE) and Flanagan McAdam Resources (TSE) continue to seek refinancing. …
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LAC guarantees BIG refinancing
Toronto-based LAC Minerals (TSE) has agreed to guarantee a 420,000-oz. gold loan for its 65% owned subsidiary Bond International Gold (TSE). After evaluating various long- term refinancing alternative…
Noranda secretive about recent drilling at Lynne zinc project
Further information about Noranda’s (TSE) Wisconsin zinc discovery will be kept confidential until the company issues an official press release, said John Harvey, president of Noranda Exploration. As …
Noranda quick to buy into Australian discovery
A new and potentially large gold discovery at Karpa Spring in Western Australia has attracted the attention of resource giant Noranda (TSE) which has moved quickly to secure a stake in the project fro…
Nexus changes name to Pacific Gold
Vancouver-based Nexus Resource (TSE) has changed its name to Pacific Gold Corp., and shareholders have approved a share consolidation on a 6-for-1 basis (6 Nexus for 1 Pacific). The consolidation brin…
First drill hole Golden Rule releases Kaslo bet drill hole
The first drill results were released recently from a 15,000-ft. phase one drilling program on Golden Rule Resources’ (TSE) wholly owned Kaslo gold property in Saskatchewan. Kaslo is one of four proje…
Horseshoe explores Nevada properties
The first phase of a grassroots exploration program has begun on Horseshoe Gold Mining’s (ASE) Willow Creek and Hoodoo gold projects, south of Winnemucca, Nev. .THorseshoe says the proposed program fo…
Letter to the editor Miner asked to get “facts straight”
I am writing in response to two articles (T.N.M., June 18/90, June 25/90) concerning base metal exploration in the Bathurst camp of northern New Brunswick. It is not unusual for the daily newspapers t…
News in brief Ark Energy Ltd.
Ark Energy Ltd. (ARK:VSE) has changed its name to Arcanna Industries Corp. (AI:VSE) on a 1-new-for-5-old-share basis. Transfer agent is National Trust.
Newmont cancels Post mine deal with American Barrick
A change of emphasis at Newmont Gold’s (NYSE) Carlin operations in Nevada has resulted in the cancellation of a joint mining agreement between the Newmont Mining (NYSE) subsidiary and neighbor America…
Audrey hits fifth lens at depth Significant tonnage potential
Discovering new massive sulphide lenses is becoming part of the exploration routine at Audrey Resources’ (TSE) Mobrun polymetallic mine property near Rouyn- Noranda, Que. Since 1988, Audrey has uncove…
News in brief Arthurian Resources Ltd.
Arthurian Resources Ltd. (ATU:VSE) has increased its authorized capital from 10 million to 200 million shares without par value.