Atkinson enters Jascan/Atlantic control battle
A battle for control of mining assets owned by Toronto exploration affiliates Atlantic Goldfields (COATS) and Jascan Resources (TSE) has taken a new twist. In the midst of the battle, Kash Investments…
News
Pezgold terminates option at Red Lake
Following an unsuccessful drilling campaign on Jamie Frontier Resources’ (COATS) Red Lake gold property in northwestern Ontario, Pezgold Resource Corp. (VSE) has terminated its option to explore the c…
Books in Review List outlines 6,500 field-trip guidebooks
A new edition of the Union List of Geological Field Trip Guidebooks of North America was published recently by the American Geological Institute. The fifth edition lists more than 6,500 field-trip gui…
Rio Algom selling steel operations
A letter of intent has been signed between Rio Algom (TSE) and the Sammi Group of South Korea regarding the sale of Rio’s steel manufacturing operations. Price of the transaction was not made public. …
Editorial Why the mystery atr Ketza River?
In an unpredictable discipline like mining where the participants are often stifled by circumstances beyond their control, it is easy to understand why some companies prefer to say too little to the p…
Asquith completes Shining Tree work
An exploration program consisting of 21 diamond drill holes has been completed by Asquith Resources (COATS) on the company’s Shining Tree, Ont. gold properties. On the Buckingham mine claims, the comp…
Ekaton feasibility due
A technical and financial feasibility study for a kaolin production facility is expected to be completed by the end of April, Ekaton Industries (TSE) says. The company anticipates plant construction b…
Cathedral drill program discovers more reserves
A surface drill program at Cathedral Gold Corp.’s (TSE) Sterling mine property in Nevada has increased geological reserves by 49% to 469,000 tons grading 0.21 oz gold. The mine produced 8,500 oz last …
INSIDER TRADES (April 17, 1989)
Atlantis — M. Hogarth bought 700,000 (Dec., private) @ $1.10 to hold 870,000. Black Cliff — N. Kacira bought 248,416 (Mar., private) @27 cents , exercised 391,433 rights @ 36 cents -48 cents , sold …
Callahan takes option on Kirkland Lake bet
Callahan Mining Corp. has acquired an option to earn a 50% interest in a gold prospect south of Kirkland Lake, Ont. Near Boston Creek, the property is being vended by partners Shenandoah Resources (VS…
Acadia, Hecla revise Mooseland exploration
An exploration program on Acadia Mineral Ventures’ (TSE) Mooseland gold property will focus on near-surface targets. Project operator Hecla Mining Company of Canada says the change in exploration focu…
Novagold could produce copper at Murray Brook
Halifax-based Novagold Resources’ (TSE) is evaluating the possibility of mining a copper zone on its Murray Brook property in New Brunswick. A diamond drilling program is currently under way and a tot…