Sikaman options off wollastonite property
Toronto-based Sikaman Gold Resources (TSE) stands to gain $6.3 million if options on its wollastonite property in Nevada are exercised. As part of an agreement with Sikaman, Vancouver-based Floray Hol…
News
Placer modifies mine plan
As a result of lower than expected head grades and higher than expected operating costs, joint venture partners Placer Pacific and ACM Gold have revised their mining plan for the Big Bell mine in West…
Books In Review
Innovation in Mining Backfill Technology is an excellent snapshot of the state-of-the-art of mining backfill worldwide. It consists of papers presented in a symposium at McGill University in Montreal,…
U.S.REPORT Hecla earnings
Earnings for the first quarter ended March 31 for Hecla Mining (NYSE) were US$4.6 million compared with a loss of US$2.5 million in the corresponding year-earlier period. The improvement in results wa…
Kingswood work program
A summer exploration program has started on 405 claims owned by Kingswood Explorations (ASE) in the Eastmain River area of northeastern Quebec. The program will consist of stripping, blasting and samp…
Producers set to take over Lake Ponask
Shareholders of Producers Group, a private company, will take control of Lake Ponask Gold (TSE), according to a letter of intent signed by the two companies. As part of the deal, $285,540 of Lake Pona…
NO HEADLINE (June 25, 1990)
TEXT: Trader, Cabre in legal action Toronto-based junior Trader Resource (TSE) is being sued by Cabre Exploration (TSE). Trader says it has been served with a statement of claim by Cabre (formerly Br…
U.S.REPORT Moneta bullish on lead-zinc project
Timmins-based Moneta Porcupine Mines (TSE) is hoping to raise $3 million this year to explore the Lik lead-zinc property in Alaska, shareholders were told at the annual meeting. The property hosts an …
Rain shuts Gibraltar mill
Milling operations were suspended for three days by Gibraltar Mines (TSE) at its copper mine near Williams Lake, B.C., because of environmental concerns over excessive runoff water. Unseasonably high …
Spirit Lake names a new president
A new president has been named for junior Spirit Lake Explorations (ME). Noble Harbinson has taken over the top post from John Hansuld, who will remain on the board of directors. Spirit Lake is expect…
U.S.REPORT Uranium Resources benefits from veto of Navajo taxation
Uranium reserves outside of the Navajo reservation in New Mexico will be free from Navajo taxing and regulation, according to a ruling by the United States Court of Appeal. The court has denied the Na…
P.T. Inco reduces production forecast by 10 million pounds
P.T. Inco, Inco’s (TSE) Indonesian arm, has reduced its nickel production forecast by 10 million lb. This year, the company expects operations in Soroako, Sulawezi to produce 70 million lb. (31,800 to…