News in Brief (March 20, 1989)
Lone Jack Resources has changed its name to Performance Minerals of Canada on a share-forf-share basis.
News
Noranda, partner report new gold find in Newfoundland
Recent drilling by Noranda Exploration has intersected a significant new gold discovery on the Rendell-Jackman property in north central Newfoundland. The new discovery is located on the Springdale Pe…
Thunder Mountain Nevada properties
Thunder Mountain Gold (OTC, Spokane) acquired extensive mineral rights last year in Eureka, Elko, and Lander Ctys, Nev. The company says several major mining companies have expressed an interest in th…
Correction (March 20, 1989)
NLX Resources (TSE) has not acquired control of Sandy K Mines, a private company as reported earlier (N.M., Mar 6/89). NLX holds a 24% in a silver property near Gowganda, Ont., which is controlled by …
Earnings Report (March 20, 1989)
Uranium Resources (VSE) reports net earnings for the fourth quarter of $983,000(US) or 4 cents per share on revenue of $8.42 million. For the same period a year earlier the company reported a net los…
Doron completes drill program on Yukon gold project
After completing an initial drill program on its 100%-owned Caribou Creek gold property, Doron Explorations (VSE) says it has outlined a mineral horizon over a strike length of 500 ft that is still op…
London analyst has high praise for Galactic
The London bureau of Yorkton Securities has issued a glowing report on Galactic Resources (TSE) and its new gold mine. Claiming the “skeptics have been proven wrong about the Ridgeway gold mine,” York…
Greater Lenora
Donald T. Rankin, secretary of Greater Lenora (TSE) announces the company has requested that the Vancouver Stock Exchange delist their common shares. The common shares will continue to be listed and p…
Diana Res. begins drill program
Diana Resources (VSE) says a 7,000-ft drill program will begin shortly on its 82 claim Obatogamau gold property in the Chibougamau area of Quebec. Two surface gold showings will be tested, together wi…
Thunderwood’s Gold Hawk yields high grade gold
While still in the early stages of underground exploration at its Gold Hawk property near Val d’Or Que., International Thunderwood Explorations (TSE) says it is already getting some encouraging result…
MacLellan production up
The MacLellan gold mine near Lynn Lake, Man., produced 55,188 oz of gold in 1988 — up almost 40% from the 39,624 oz produced in the previous year. Credit for the turnaround goes to LynnGold Resources…
Newmont exploring Miramar’s Nevada gold properties
Exploration and development work under the direction of Newmont Exploration is continuing through the winter season on the Paymaster properties in Nevada, a bulk tonnage disseminated gold project. Ear…