Already one of the world’s largest gold producers, Placer Dome (TSE) brought on stream four new gold mines in the first half of 1989. Construction of a fifth mine is progressing, and two other large-s…
New directors have been named to the board of Victoria Graphite (COATS), which is exploring a graphite property near Portland, Ont. The current directors are Armin Klein, Bernard Shinder, J. J. Elkin …
Junior Ressources Vassan (ME) is proposing a restructuring of its share capital and a name change to Ressources Savanor. The proposed conversion ratio is 10 existing shares for one new share. The comp…
Exploration news from the Harker-Holloway gold area of northeastern Ontario sparked heavy trading in the shares of Freewest Resources, a junior involved there in a joint venture with Noranda Inc. (and…
Halifax-based NovaGold Resources (TSE) has signed a letter of intent to acquire the Mount Pleasant tin-tungsten mine in New Brunswick from LAC Minerals (TSE) and Billiton Metals Canada for $12 million…
Diamond drilling has started on the Pukaskwa River gold property under option to Hemlo Gold Mines (TSE) from Mishibishu Gold (VSE) in northern Ontario. The property is about 40 miles west of Wawa on t…
Major North American gold company Corona Corp. (TSE) is determined to retain its status as a low-cost producer, either through the discovery of new properties or the acquisition of other low-cost prod…
The decline in investor confidence, combined with a marked drop in gold prices, has taken the steam out of exploration and development activities in the Timmins camp — Canada’s most prolific mining c…
Flow-through funding may have dried up considerably, but exploration in Quebec was still at a very high level during 1989. Gold, base metals, nickel and even graphite have raised the interest of inves…
The trouble with the Louvicourt Twp. exploration camp east of Val d’Or, Que., is that the emphasis has always been on gold, says prospector Jack Stoch. The Globex Mining (ME) president was referring t…
Development and mill construction of the Kirkham flake graphite project of Stewart Lake Resources (TSE) could be under way by mid-1990 and the mine in production by the end of that year. Annual output…
An underground exploration drift on Greenstone Resources’ (TSE) El Recio property in Costa Rica has yielded encouraging results in one of several veins being explored by the Toronto-based junior compa…
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