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…
News
LAC expecting 75,000 oz from Bousquet No 2
LAC Minerals (TSE) says gold output from its new Bousquet No. 2 mine near the town of Malartic in northwestern Quebec will reach its planned target of 75,000 oz. this year. Situated less than a mile a…
LAC drilling on Norgold claims
A 10-hole exploration program is halfway complete on the Nevada Chance “East” claim block, some 60 miles north of Lovelock, Nev. The gold project is a joint venture between LAC Minerals (TSE) and Norg…
Tax Angles The ins and outs of CNIL
The phone ring sounded urgent. I picked it up. It was Harry Speers. “Barry, do your guys know what they’re doing?” Now Harry is a bit of a joker but this sounded semi-serious. “Why do you ask, Harry?”…
Minnova options Fireweed property
A work program by Minnova (TSE) is slated to begin shortly on the Fireweed property near Smithers, B.C. The company has the right to earn a 70% interest in the polymetallic (gold-silver-lead-zinc-copp…
White Plains unable to exercise option on wollastonite bet
White Plains Resources (VSE) has failed to exercise an option to purchase from Sikaman Gold Resources (TSE) a 75% interest in the Gilbert wollastonite property in Nevada. The option deadline was Oct. …
Hanson would sell stake in Newmont
The controlling shareholder of Newmont Mining (NYSE) is negotiating to dispose of its 49% interest in the Denver-based mining company and buy into a lumber company. Hanson of London would sell most of…
GOLDFUNDS (October 22, 1990)
MVP BGR Central Capital Net value $10.01 $5.54 $0.28 Price $ 9.25 $5.125 $0.14 Discount 7.59% 7.5% 50.0% Value $59,611,946 $86,224,538 N/A…
Sikaman begins gold production in Ghana
The Goldenrae alluvial gold mine in Ghana, West Africa, has entered into production, two weeks behind schedule but 10% below budget. At operating costs of below US$130 per oz., part-owner Sikaman Gold…
St. Gen. cancels Swiss debentures
St. Genevieve Resources (TSE) recently bought for cancellation, $10.7 million worth of its 5.625% convertible bonds, through a transaction on the Swiss bond market. The bonds were purchased for the eq…
New joint venture for Pay Dirt
A proposed joint venture agreement is setting the stage for Pacific Century Explorations (VSE) to take on a partner for continued exploration of the Pay Dirt property in northwestern British Columbia….
Bethlehem, Goldnev join forces to explore prospects near Revelstoke
A recent joint venture agreement between Bethlehem Resources (TSE) and Goldnev Resources (VSE) will provide for ongoing exploration of several prospects in the vicinity of the Goldstream polymetallic …