News in Brief (June 18, 1990)
Moss Resources and Power Explorations have amalgamated to form Moss-Power Resources Inc. (MSP:TSE) each on a share-for- share basis.
News
Struggling junior gold stocks finding 1990 to be a tough year (June 18, 1990)
Normally, I spend a great deal of time and energy in finding investments that have lost most of their value and are terribly out of favor — like the junior gold shares which, on average, have fallen …
Northwestern B.C.’s pioneer mines finding the going rough (June 18, 1990)
Pioneering mine operators are finding it rough going in the area north of Stewart, B.C., paralleling the border between British Columbia and Alaska and including the Stikine Arch. They hope that the c…
INSIDE Harker-Holloway
One of this summer’s biggest drilling campaigns for gold in Ontario is being conducted by Noranda and Freewest at their Harker-Holloway project near Matheson, Ont. Other nearby projects make this one …
Struggling to survive the flow-through `hangover’ (June 18, 1990)
The boom years over, junior mining companies must now try to survive through the lean years, when private investors tend to play a much larger role in their continued health. No longer able to count o…
INSIDE Snip decision near
A positive production decision for the Snip property in the Iskut River regions north of Stewart, B.C., appears to be near. Mobilization of construction equipment is already set for the project which …
PRODUCER PRICES (June 18, 1990)
ALUMINUM: MW U.S. Market US74.50- 75.50 cents per lb. (Jun. 7, 1990). ANTIMONY: New York dealer US82-84 cents per lb. (Apr. 19, 1990). BISMUTH: New York dealer US$3.65-3.75 per lb. (Jun. 7, 1990). CAD…
Feasibility indicates QPX’s QR can be put into production
Based on the positive recommendations of an independent feasibility study, QPX Minerals (TSE) is looking to place its 100% owned QR gold deposit near Quesnel, B.C., into production. The study, done by…
BMR encouraged by drilling
Recent drilling on the America Mine project owned and operated by BMR Gold (VSE) has further delineated the area where the company hopes to start open pit mining. The America Mine is in San Bernardino…
Shaft commissioned at Trout Lake
Ore is now being hoisted up the newly commissioned 2,100-ft. shaft at the Trout Lake mine owned 29% by Granges (TSE), 44% by Hudson Bay Mining & Smelting (TSE), and 27% by the government of Manitoba. …
U.S.REPORT Silver Standard plans program for Chandler
Now that a joint venture has been formed to explore the 1,150-acre Chandler gold property near Weiser, Idaho, Silver Standard Resources (VSE) will oversee a $65,000 surface program consisting of geoch…
PDAC urges fair taxation for exploration financing
The federal government must stop discouraging investment in the mining exploration industry, says the Prospectors and Developers Association of Canada (PDAC). The Toronto-based mining association is u…