Funding in place for McAdam test mill
Financing to fund construction of the Spud Valley test mill facilities on Vancouver Island has been arranged, McAdam Resources (TSE) reports. McAdam has entered into an agreement with associated compa…
News
Aur discovery is unrelated to former Louvem zinc mine
The old Louvicourt Twp. copper- zinc mine where Aur Resources (TSE) and Louvem Mines (TSE) have discovered an interesting new massive sulphide deposit, is one of four ex-base metal producers in the Va…
On basis of copper find Value of Aur, Louvem soars
A massive sulphide discovery on a disputed Val d’Or, Que. property held by Toronto-based Aur Resources (TSE) and Louvem Mines (TSE) sparked a flurry of buying activity as investors raced to buy up sha…
Newfoundlan’s exploration potential draws interest
A great deal of exploration news is expected from Newfoundland in the months ahead as this summer’s field season gets under way in what explorationists hope will be another record year. Geologists rem…
FINANCING (June 19, 1989)
VANCOUVER Cons Trout Lake — gross proceeds rec $175,000. Rio Gold Mining — 560,000 sold for gross $448,000. Ezekiel Expls — 250,000 sold for gross $87,500. Big Strike Res — opt exerc on 162,500 @ …
Companies honored for reclamation programs
Five British Columbia companies were honored for their reclamation programs at the mine reclamation symposium held earlier this month in Vernon, B.C. “These awards recognize first- class research, inn…
St. Genevieve buying Pamorex interest in bet
A letter of agreement has been signed between St. Genevieve Resources (TSE) and Pamorex Minerals (TSE) whereby St. Genevieve will acquire the 50% interest of the latter in the Granada property in Rouy…
More mining companies looking to South America for rewards
The search for low cost, high quality gold deposits is taking an increasing number of Canadian firms into the jungles and mountains of Central and South America. Gold analysts say that as South Africa…
Metall offering filed but size not available
Toronto-based Metall Mining (TSE) recently filed a preliminary prospectus for a public offering of subordinated convertible debentures. Metall said the debentures will be convertible into common share…
IOCC GOLD OPTIONS (June 19, 1989)
Options Open Series Volume Last Interest Aug 370 C . 158 7.00 552 Aug 380 C . 999 4.00 1,792 Aug 390 C . 261 2.50 1,690 Aug 400 C . 167 1.50 2,570 Aug 420 C . 187 1.00 1,49…
Editorial Universality will break the country
If the Canadian government is ever going to gets its deficit whittled down, it is going to have to take more drastic action on spending cuts than it has. There’s no way any impact can be made by makin…
Guinness, Power release results
Partial assay results were released recently from the Guinness Gold (ASE), Power Exploration (TSE) joint venture project at Randall Lake in northwestern Ontario. Under an agreement, Guinness is entitl…