Michele keen on Quebec bet
Junior Michele Gold Mines (VSE), which recently raised working capital of $97,000 through a private placement, is seeking financing or a partner to explore property in the Lake Kenogami- Chicoutimi ar…
News
Govt. watchdog reviewing Northgate, Westfield deal
A determined effort by some shareholders of Westfield Minerals (TSE) to persuade regulatory authorities to review the sale of Westfield’s interest in a Chilean gold mine to Northgate Exploration (TSE)…
IOCC GOLD OPTIONS (May 07, 1990)
Options Open Series Volume Last Interest May 380 C 25 2.50 1,448 May 390 C 38 0.80 1,122 Aug 380 C 30 12.00 149 Aug 390 C 114 8.50 579 Aug 420 C 25 2.75 941 Aug 450 C 41 0.70 1,697 Nov 400 C 105 13.00…
Echo Bay won’t increase its stake in Magino, Magnacon
Large North American gold producer Echo Bay Mines (TSE) has decided not to proceed with a plan to exchange its shares in the Muscocho group of companies for a direct interest in the group’s struggling…
Base metals exploration focus of Bathurst moot
A 4-day symposium is planned by the New Brunswick Prospectors and Developers Association (NBPDA) and the Department of Natural Resources and Energy (DNRE), June 10-13. The symposium combines field tri…
U.S.Report BMR stresses lack of Desert Tortoise
An environmental survey conducted by BMR Gold (ASE) over the company’s America Mine gold project in San Bernardino Cty., Calif., failed to locate any desert tortoise. The tortoise is known to inhabit …
Freewest in position to fund Noranda bet
A flow-through financing agreement with CMP 1990 Resources and Co. has put Freewest Resources (ME) in a position to fund its share of a 100,000-ft. drill program at its 40% owned Harker Holloway gold …
Alberta Stock Exchange Louisiana eyes copper
A copper project in New Mexico near the town of Silver City has caught the attention of Louisiana Mining. The junior has entered into a letter of intent with an individual to acquire a 51% interest in…
Encouraging zinc/copper values reported at Greenstone project
Partners Greenstone Resources (TSE) and Dragoon Resources (VSE) say they are getting indications that a large base metal deposit could exist within the boundaries of their jointly held McNeil property…
Timmins nickel set to resume milling at Giant Yellowknife
Nickel producer Timmins Nickel (TSE) says a contract with Giant Yellowknife Mines (TSE) for custom milling of ore from the Redstone mine near here will resume soon at Giant’s Schumacher mill. The old …
Editorial Shaking investors’ confidence
Mineral exploration across Canada is suffering through a gloomy time, but in Ontario explorationists could find it even more difficult to continue their efforts as a result of the recent debacle at th…
Million-oz. coin
Sales of the Australian Nugget gold coin recently reached one million ounces, less than three years after it was introduced. Government agency Goldcorp Australia says the coin, released in April, 1987…