Sikaman exploring Nevada claims
Options to retain a 100% interest in 125 claims in the Gilbert mining district of Nevada have been acquired by Sikaman Gold Resources (TSE). The claims are situated 20 miles north of Tonopah and were …
News
Bitech awaits judgement on Tashogan acquisition
Toronto-based Bitech Energy Resources (ASE) is still waiting on a fairness opinion in connection with its offer to acquire all of the outstanding shares of Tashogan Minerals. Tashogen holds the 132-cl…
Hillsborough group to spend $6 million at Mt. Hundere
A joint venture exploration program involving a group of companies led by Hillsborough Resources (TSE) will get under way this summer at the Mt. Hundere zinc-lead- silver property near Watson Lake, Y….
Metal Prices (May 08, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date May 2 May 1 Apr 28 Apr 27 Apr 26 Copper 1744-174…
Corona to buy Avalonp change oil & gas holdings
A plan to restructure its oil and gas and industrial mineral assets has been announced by Corona Corp. (TSE). The plan calls for Corona to become the majority owner of North American oil and gas produ…
Armistice testing deep Kerr zone
The drilling of the first of several deep holes from the 2250 level to test the Kerr zone is under way at the Virginiatown, Ont., gold project of Armistice Resources (ME). The holes are part of a 35,0…
Moneta hits at Nahanni
Encouraging gold values have been assayed in a drill hole completed by Moneta Porcupine Mines (TSE) on property held under option from Nahanni Mines (TSE). The claim group straddles a section of the D…
Fortune Minerals to explore NWT claims
Three mineral properties in the Northwest Territories will be explored this summer by a new company called Fortune Minerals (COATS). The junior explorer recently completed an initial public offering a…
U.S. native group welcomes mining
In a move to develop tribal mineral resources, the Confederated Tribes of the Colville Reservation in Washington State are offering interested parties a preliminary data base of mineral inventory acti…
CEIP to host workshops
A series of workshops is being scheduled by Energy, Mines and Resources Canada to help prospectors and mining executives understand key features of the Canadian Exploration Incentive Program (CEIP). A…
Belmoral facing another trial over 1980 cave-in
The Supreme Court of Canada has upheld a decision by the Quebec Court of Appeal ordering a new trial in connection with a cave-in nine years ago at the Ferderber mine of Belmoral Mines (TSE) near Val …
Louvem in default of gold payment
Quebec gold producer Louvem Mines (TSE) reports that it is in default of a deposit of 1,440 oz gold to a reserve fund which should have been deposited with a trustee by April 1. Louvem says it will as…