NovaGold production
More than 1,000 kg of metal production has come from the Murray Brook gold-silver mine, operated by NovaGold Resources (TSE) in New Brunswick. The open pit mine has been in production for four months….
News
Tache hold includes 36 ft. of 8% inc, plus 0.32 oz. gold
Interesting zinc-gold values have been reported by Bitech (ASE) from a recent drill hole on the Tache zinc-gold-silver project near Chibougamau, Que. Bitech is the operator and can earn a 50% interest…
Wharf completes United Coin deal
The purchase of a $2.1-million note (Series 2) from United Coin Mines (TSE), the final instalment of tranche 2 of a commitment to acquire up to $9.6 million of United’s 11% notes, was recently complet…
Editorial Ready for freedom?
Many politicians of our time are in the habit of laying it down as a self-evident proposition that no people ought to be free till they are fit to use their freedom. The maxim is worthy of the fool in…
Umex sells claims for $500,000
Vancouver-based Major General Resources (VSE) is poised to pick up a large portfolio of exploration properties from Umex, a subsidiary of Belgium-based Union Miniere SA. The two companies recently sig…
New Guide for Geologists
The Ministry of Northern Development and Mines will release a comprehensive overview of Ontario’s geology to coincide with the 1991 centennial of the Ontario government’s involvement in mining activit…
Montreal Exchange Market in decline
A gloomy investment mood seemed to prevail for the week ended Jan. 23, with the mining and minerals index off 72.7 points. The market portfolio lost ground as well, dropping 35.8 points. Daily trading…
Geddes to apply for permit to mine Windy Craggy copper
Geddes Resources (TSE) says it is within weeks of applying for a permit to mine the huge Windy Craggy massive sulphide deposit in northwestern British Columbia. The project could produce as much as ha…
Murgold, Chesbar hit new gold zone
A 7,500-ft. drilling program is under way on property in Chester Twp., Ont. by Chesbar Resources (TSE) with a 64% interest and Murgold Resources (TSE) with 36%. The partners say a new gold zone was f…
News in Brief (January 29, 1990)
Strongbow Resources Corp. (VSE) has amalgamated with Consolidated Ramrod Gold (CYN: VSE) under the latter name. Strongbow shareholders will receive one new share for 4.867 old shares; Cons. Ramrod sha…
IOCC GOLD OPTIONS (January 29, 1990)
Options Open SeriesVolumeLastInterest Feb. 400 C 55116.002,170 Feb. 410 C 245 9.001,900 Feb. 420 C 1,014 5.003,032 May 420 C 38116.501,039 May 430 C 31812.00 756 May 440 C 262 9.00 55…
Tarzan, Glen Auden
A diamond drill program has started on the Walker-Wilkie property held under option by Asarco Exploration of Canada. Asarco has the right to earn a 51% interest in the claims near Matheson, Ont., and …