Tyranex Gold Inc. announces offering
Toronto-based Tyranex Gold has completed a private placement of 200,000 units, each unit comprising one company common share and one common share purchase warrant to purchase a single common share at …
News
Drilling continues at Normetal bet
Drilling continues at the Normetal property of Normetal Mining Exploration in northwestern Quebec, where results from two holes have been made available. Hole 87-18, over a true width of 22.1 ft, retu…
Investment Comment Bull market in late stages: Analyst
During a week when a number of prominent gold issues were rocked by a sudden drop in the price of gold bullion (from $460(US) to $454.90), a prominent investment publication had some more bad news. In…
Norbeau, Northgate in Lemoine venture
Under a joint venture agreement with Northgate Exploration of Toronto, Norbeau Mines can earn a 60% interest in a former producer called the Lemoine mine property within four years. Located approximat…
Vista is financing for Bootleg project
Vista Mines reports it has filed a preliminary exchange offering prospectus for a public offering of common shares with the Toronto Stock Exchange, and securities commissions in Ontario, Manitoba, Sas…
Test mill operative in December, say Muscocho, McNellen
A 400-ton-per-day test gold mill under construction in the Goudreau area of northern Ontario could become operative in December, Muscocho Explorations and McNellen Resources report. The joint-venture …
Queries ConRex moves to merchant banking
I am writing to you to find out what happened to the assets of Consolidated Rexpar Minerals which has become part of merchant banking group. When I bought the stock, “ConRex” was 46.9% owned by Deniso…
Northfield bets heavily on Kirkland West claims
Northfield Capital Corp. of Toronto and a private company called Canadian Ore Mining are about to take a $50-million gamble which they assume is a safe bet. In signing a letter of intent to earn a 50%…
Minnova plans major drilling
Another 33,000 ft of drilling is planned by Minnova Inc. on its Samatosum property in the Kamloops area of B.C. The program is under way and three drills are being utilized. One of the rigs is drillin…
Petromet, bids to increase Fifteen Mile bet reserves
In a bid to increase reserves at Pan East Resources’ Fifteen Mile Stream property in Nova Scotia, Greenstrike Gold Corp. and Petromet Resources have expanded their evaluation program at the property. …
Editorial Lac will try a final appeal
“It’s just a tremendous victory” boomed an elated Murray Pezim, whose very name is synonymous with Corona and Hemlo, on learning that Ontario’s Court of Appeal had unanimously rejected an appeal by La…
Pezim hails Hemlo trial with swarm of releases
Shortly after it was announced that International Corona Resources had won control of the Page- Williams gold mine at Hemlo, Ont. (see separate story, page 1), a swarm of news releases flew out of 155…