Louvem fails to have courts stop Aur drilling
Societe Miniere Louvem (TSE) and parent company St. Genevieve Resources (TSE) have failed to have drilling stopped at the Louvicourt Twp. massive sulphide discovery near Val d’Or, Que. But St. Genevie…
1990
Menora in deal with Black Cliff
An agreement has been worked out between Menora Resources (ME) and Black Cliff Mines (TSE) whereby the latter will sell its interests in the Squaw Creek and O’Donnel River placer gold properties to Me…
Letters to the Editor Noranda doesn’t own 100% of Kidd Creek
In your article “Kidd Creek back to running order after Jan. 3 fire” (T.N.M., Jan. 22/90), you state that Kidd Creek is owned by Noranda. I noted that in a recent letter to the editor a reader caught …
Victoria planning graphite production
Production at a graphite deposit near Portland in southeastern Ontario is scheduled to begin during the first half of this year, Victoria Graphite (COATS) reports. The company recently completed a dri…
Ventex options Cons. Jalna property
Timmins-based Ventex Energy (VSE) has acquired an option to earn a 100% working interest in Consolidated Jalna’s (VSE) Shebandowan area claims, 30 miles west of Thunder Bay, Ont. Straddling the TransC…
FINANCING (February 05, 1990)
Covenant Res. — min 500,000 offered @ 45 cents per sh. Auriga Res. — 700,000 offered @ 35 cents per sh. Adonos Res. — 550,000 offered @ 50 cents per sh. Nortran Res. — gross proceeds rec $282,00…
Golden Star offering to fund Guyana bets
Golden Star Resources (ASE) says a preliminary prospectus has been filed for a public offering and private placement to raise $10 million for exploration at gold and diamond projects in Guyana. Under…
People (February 05, 1990)
BOND INTERNATIONAL GOLD — Hector Figueroa appointed vice- president of finance; George Young, general counsel and secretary, Holly Thomas, director of investor relations.
Northair drilling Deception Lake
The first four holes of a 20-hole surface drill program were completed by Northair Mines (TSE) on the Deception Lake property, 114 miles north of La Ronge, Sask. Northair, which is earning a 51% inter…
Barrick pulls strong hole on Card Lake bet
Assay results from one of six recently completed surface drill holes on Card Lake Resources’ (COATS) Harker Twp. property near Matheson, Ont., include 10.5 ft. grading 0.26 oz. gold per ton and 7.5 ft…
Correction (February 05, 1990)
Reference (T.N.M., Jan. 22/90) to an exploration project in Grevet Twp. near Matagami, Que., by VSM Exploration (ME) and Serem Quebec included an incorrect tonnage figure. Current reserves stand at 6….
Stroud to double stake in Hislop Twp. gold bet
Toronto-based Stroud Resources (TSE) is set to double its stake in a Hislop Twp. gold project near Timmins, Ont., by acquiring the 50% interest held by its former partner Chevron Minerals, a unit of C…