Flow-through funds for five juniors
Five juniors listed on the Montreal Exchange are to share in a flow-through financing put together by Montreal-based partnership fund Minexco 1990. A final prospectus has been filed by Minexco with th…
News
Eastfield starts program at Takla-Rainbow
Field work is about to begin on the Takla-Rainbow property, north of Fort St. James, B.C., one of several properties that will be explored by Eastfield Resources (VSE) this season. The Vancouver-based…
Quintette looking to reorganize
To gain time to reorganize, Quintette Coal has obtained a court restraining order keeping third parties from taking action against the company for a period of six months. President Paul Kostuik noted …
Impending wage increases put more pressure on South African gold
Wage increases for South Africa’s black miners, due to take effect on the first of July, will result in even higher production costs for gold mines already among the world’s most expensive. The Nation…
Noranda makes zinc find in Wisconsin; The first two holes drilled
The first hole on the Lynne project, drilled at 52 degrees , intersected 128 ft. averaging 22.71% zinc, 0.64% copper, 2.95% lead, 1.04 oz. silver per ton and 0.011 oz. gold. The second hole, drilled a…
Taseko loses suit against Cominco
The Court of Appeal of British Columbia recently dismissed an appeal by Taseko Mines (TSE) in which Taseko sought to nullify an option allowing Cominco (TSE) to earn an interest in its Fish Lake coppe…
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…
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…