1989

Golden Crescent drilling on two Placer Dome bets

Toronto-based Golden Crescent Resources (ASE) says an 8,400-ft drill program has started on the Detour Lake joint venture property, optioned from Placer Dome (TSE) earlier this year. The property, kno…



Varna, Nfld. Goldbar agree to Glover deal

Privately owned Maritime company Newfoundland Goldbar Resources agreed recently to earn a 40.1% stake in Varna Gold’s (ASE) Glover Island gold claims in central Newfoundland. Goldbar will act as opera…


Malartic earnings

Third-quarter net income of $199,645 (4 cents per share) on revenue of $2.5 million was reported by Malartic Hygrade Gold Mines (Canada) (VSE), compared with $39,396 (1 cents per share) on revenue of…


Letters to the Editor Which way to Mecca?

In the first half of 1981 in West Africa, as part of a Canadian prospecting team, my duties took me far afield from our base camp. After the usual meeting with the local headman & council, and since m…


Black Hawk drilling deep holes at Minago

Two deep holes are being drilled below 1,600 ft to probe for downdip extensions to the Minago nickel deposit in Manitoba, reports owner Black Hawk Mining (TSE). The Minago deposit is 140 miles south o…




Goldpost signs deal

Goldpost Resources (TSE) has sold its 78.3% share holding in Holcorp Gold Mines for $140,000. Holcorp agreed to sell to Goldpost eight patented claims consisting of surface and mineral rights containi…


Goldex hits zone on Ormico gold bet

Goldex Mines (TSE) says it has intersected a new gold zone while drilling Ormico Exploration’s Val d’Or, Que., claims from the 1,250- ft level on its own ground. Goldex recently completed the work nee…


Coughlan hearing scheduled for Jan 22

The Ontario Securities Commission has issued a notice of hearing to Terence Coughlan to appear before the commission Jan 22. The notice refers to allegations that Coughlan, as president of Seabright R…


Teck to drill Iron Mask

A reverse circulation drill program by Teck Corp. (TSE) is planned for the Iron Mask copper-gold project 20 km west of Kamloops, B.C. As operator, Teck can earn a 50% joint venture interest in the 4,5…


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