FINANCING (January 22, 1990)
VANCOUVER Dromedary Expl. — 800,000 sold for gross $288,000. Nortran Res. — min 600,000 offered @ 47 cents per sh. Circumpacific Egy — 1,000,000 sold for gross $500,000.
News
Varna busy in Maritimes as Corona starts program
Calgary-based Varna Gold (ASE) says a 3,000-ft. drill program got under way recently at the company’s Ming’s Bight joint venture in Newfoundland. As part of a plan to earn a 70% stake in the project, …
Geomaque, Kingswood in property deal
Another option package has been negotiated by Kingswood Explorations (ASE) covering gold and base- metal exploration of property in Bourlamaque Twp., east of Val d’Or, Que. Geomaque Explorations (TSE)…
Bitech drills Nugget
Bitech (ASE) has completed a $200,000 financing and has resumed drilling on two properties. A 500-metre drill program is testing for the northeast extension of the Nugget Pond horizon on the Baie Vert…
News in Brief (January 22, 1990)
St. Genevieve Resources (TSE) and Gold Vessel Resources (ASE) have reached an agreement with the Societe en Commandite Miniere L.H. 1989 for financing worth $465,000 and $930,000, respectively. In ret…
Gold funds as of Jan 16 MVP
BGR Central Capital Net value $12.63 $6.27 $0.47 Price $ 9.00 $6.38 $0.42 Discount 28.74% 1.7% 12% Value $75,199,971 $105,526,136 N/A…
Asamera, Corona terminate deal over Cannon mine
A deal between Corona (TSE and Asamera Minerals (TSE) which would have seen Corona acquire a 51% interest in the Cannon gold-silver mine in Washington State has fallen through. Gold-producer Corona wo…
Avino pulls out of Wonder deal
The joint venture agreement with Belmont Resources (VSE) for development of the Wonder gold-silver mine near Reno, Nev., has been terminate d by Avino Resources (VSE). Avino noted that the project is …
Alberta Stock Exchange Zenmac moves up
Some substantial gains were made during the week ended Jan. 16 by three Alberta issues which haven’t been among the most active traders lately. During the week, Zenmac Zinc added an impressive 58 cent…
Four drill programs for Central Crude
Central Crude (TSE), which is moving ever closer to the Hemlo Gold Mines (TSE)-Noranda (TSE) fold, is also becoming much more active in the exploration field, with Noranda as operator. Central Crude n…
Noranda increases to 21.6% its stake in Miniere Louvem
Toronto-based Noranda Minerals, a unit of Noranda (TSE), recently acquired 489,900 shares of Societe Miniere Louvem (TSE), bringing its stake in the Val d’Or, Que., company to 3.2 million shares or 21…
Corona ups stake in Newhawk
Gold producer Corona (TSE) has increased its interest in Newhawk Gold Mines (TSE) by participating in three flow-through share agreements valued at $2.1 million. By acquiring an additional 913,001 sha…