People (May 30, 1988)
Asquith Resources — Atholl Murray appointed to the board of directors.
News
Antelope drilling Rossland project
A 15,000-ft drill program is under way on the Rossland, B.C., gold property held by partners Antelope Resources and Bryndon Ventures. Located near the former producing Le Roi mine, the Antelope proper…
Northumberland arranges $2.8-million financing
Toronto-listed Northumberland Mines, which is about 90%-controlled by another Toronto-listed company — NovaGold Resources — has reached an agreement with two limited partnerships for $2.8 million in…
Messeguay extension
An extension of the gold-bearing zone 100 ft south of hole ML-87-75, at a vertical depth of between 215 ft and 285 ft, has been intersected at the Launay-Privat property in northwestern Quebec, Messeg…
Tundra expects new reserve figure for Lamaque by June
Tundra Gold Mines (VSE) says it expects to publish by the end of May new ore reserve calculations for the No 4 Plug gold deposit on the Lamaque property at Val d’Or, Que. Following rehabilitation of t…
Alberta Stock Exchange Mohave buys producer
For the third week in succession, Mohave Gold was one of the big traders following news that the Calgary company will buy a Nevada- based gold-silver producer called Canyon Development Mining Inc. Tra…
Placer bulk test planned by Macamic
A bulk sampling test on a section of the Chaussegros zone of the Gilbert River gold placer project in the Beauce region of Quebec will be undertaken by Macamic Resources (ME). The company says reverse…
Augmitto gold loan
A gold loan worth up to $10 million, has been arranged by Augmitto Explorations (TSE) with Rothschild Australia Ltd. The loan, which is available until March 31, 1989, remains subject to several condi…
Hopes of Syngold chief, rest on Donalda property
If Syngold Exploration (TSE) is to join the ranks of Canadian gold producers, the company’s first output should come from the Donalda project near Rouyn-Noranda, Que. While Syngold is busy with explor…
FINANCING (May 30, 1988)
ONTARIO Grand Empire — final rec iss offer 1,200,000 @ $1.20 per sh. Harrington Sound — final rec iss offer 700,000 @ $1.60 per sh to net $560,000. Released from Escrow Ateba — 100,000 shs released…
Carlin royalty up for sale but price tag limits buyers
One of the most valuable assets in the Nevada gold belt is up for sale. Located on the Carlin gold trend near Elko, Nev., and associated with about 15 million oz of untapped gold reserves, it will l…
Montreal once site of diamond hunt
Canada is known for its wealth of mineral resources but one variety it has had little to do with is diamonds, although they too have been the subject of exploration campaigns within the country. News …