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…
News
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 …
Black Hills ban confounds mining community
The sudden and unexpected announcement that minefinders might soon become outcasts in the Black Hills of South Dakota has angered some explorationists. It doesn’t help that operating mining companies …
Newhawk’s R-8 appears continuous
Recent infill drilling on the R-8 structure of the Sulphurets property owned 60% by Newhawk Gold Mines (TSE) indicates the zone is continuous to at least the 1,100-metre level. The drilling establishe…
Alberta Stock Exchange Terragold moves up
Newfoundland exploration company Terragold Resources appeared from nowhere during the week ended Jan. 23 to post a 70 cents increase in its share price. Recently listed on the Alberta Exchange, Terra…
Abior options claims in Casa Berardi
An option agreement has been reached between Noranda Exploration, wholly owned by Noranda (TSE), and Exploration Abior (ME) whereby Abior may earn up to a 50% interest in the Dieppe property in Quebec…
Noranda to spend $3.5 million on Abermin property
A recent option agreement between Abermin (TSE) and Noranda Exploration, a unit of Noranda (TSE), could see the senior company spend up to $3.5 million on Abermin’s Hope Bay gold claims in the Northwe…