Corona sells Bond holding
North American gold producer Corona Corp. (TSE) has decided not to pursue an investment strategy to gain control of Bond International Gold (TSE). Corona says it has exercised its right to sell its 7%…
News
McNickel cuts low grade nickel
A series of assays from a drill program being completed by McNickel Inc (coats) has yielded lower than expected values in nickel and copper. Investors in the issue scurried to sell which resulted in M…
Amax Gold to explore Villeneuve prospect
Vancouver-based Villeneuve Resources (VSE) has leased its 117- claim group in central Nevada to Amax Gold (TSE). The property lies immediately north of Amax’s low- cost Sleeper gold mine. The agreemen…
Shown Butte plans public financing
A $2.25-million public financing is being planned by Crown Butte Resources (VSE) to fund work on the company’s recently-acquired Black Hills proje ct in South Dakota. The planned financing will compri…
Canada’s ‘unforgiving’ arctic poses
“Mining in the Arctic presents many tough challenges. The environment is harsh and unforgiving, but mining people are a tenacious group and will succeed des pite these obstacles,” say M. 0000,0600 R…
Noranda completes Louvem share deal
Societe Miniere Louvem (TSE) and St. Genevieve Resources (TSE) recently completed an agreement with Noranda Minerals, a unit of Noranda Inc. (T SE), whereby No randa has purchased 800,000 Louvem commo…
Gold showing in Gaspe area
Three prospectors using funds supplied through a joint federal- Quebec government program have uncovered a gold showing in the Gaspe region. Samples from the St-Andre de Restigouche find, near Mataped…
Query Zenmac trading on ASE
In 1966 I purchased 500 shares of Zenmac Metal Mines which I still hold. However, I cannot find a listing of this stock. Could you tell me what happened to it and if it has any value today. S. E., Ma…
Scot, Beauchamps deal
Beauchamps Exploration (VSE) has granted an option to Ascot Resources (VSE) which gives Ascot the right to earn a 50% interest in the company’s 6,000-acre pro perty in the Stikine area of northwestern…
Rayrock, partners place Marigold into production
A new heap leach gold operation in northern Nevada, the Marigold mine, has enered commercial production. Operated by Rayrock Yellowknife Resources (TSE), the mine will produce a projected 60,000 oz pe…
No Ghost Town From Atlas Copco Comments, a publication of Atlas
One of the facts of life in the mining industry is that every ton of ore taken from a deposit reduces the productive life of that deposit by one ton. If the process continues, eventually no more tons…
Gold/copper values encourage Fancamp
A copper/gold discovery, which may be related geologically to some of the established producers in the Chibougamau, Que., region, was reported re cently on Fan camp Resources’ (VSE) Lemoine Twp. claim…