Bitech exploring Rogues Harbour bet
Toronto-based Bitech Corp. (TSE) has reported preliminary assay results from reconnaissance sampling on its Rogues Harbour property in the Betts Cove area of Newfoundland. Bitech says it has encounter…
News
Hecla losses continue
Low gold and silver prices were blamed for recent losses at Hecla Mining (NYSE). The company reported a third-quarter loss of $3.5 million(US), citing start-up expenses at the Greens Creek mine in Ala…
Swansea Gold acquired by Australian company
Control of Swansea Gold Mines (COATS), an inactive company, has been acquired by Australian gold producer Sandhurst Mining NL of Sydney. New officers have been appointed to Swansea’s board of director…
Second reading for Mining Act
A bill to amend Ontario’s 83-year-old Mining Act passed second read ing in the province’s Legislature this week and moved another step closer to implementation. The second reading stage generally sign…
FUTURES PRICES (December 04, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec112.90 111.80 112.60 + 0.80 Jan110.25 109.50 110.55 + 1.25 Feb108.75 108.75 10…
Bonanza drilling hits two zinc zones at Poirier
Rouyn-Noranda-based Bonanza Metals (ASE) says a phase-one drilling campaign on its Poirier property in Quebec has outlined two new zinc-bearing zones. The property is about one mile southeast of a pas…
Walton visits Poland for tailings project (December 04, 1989)
John Walton, former Placer Dome president, joined officials of International Coast Minerals (VSE) on a visit to Poland to confirm the status of a proposed joint venture tailings project. Walton is a m…
Editorial Losing the war on bugs
On any given summer evening on the east coast of James Bay, one is likely to find, on average, 15 million mosquitoes per cubic yard of free air, according to the Zoological Society of Metropolitan Tor…
Anglo options Timmins claims
Vancouver-based Anglo Canadian Mining (VSE) has signed a letter of intent to option a gold property in Matheson Twp., Ont., from Timmins prospector Corrie Miller. The property, which comprises two pat…
COATS (over-the-counter) Big jump for Carolin
A big gainer for the week ended Nov 28 was Carolin Mines which tacked on 47 cents to its share price before closing at $1.10, nearly double last week’s price of 58 cents . The company has been re-act…
Aber drilling NWT base metal bet (December 04, 1989)
A drill program by Aber Resources (VSE) is under way on the Victory Lake base metal prospect 40 miles east of Yellowknife, NWT. President Grenville Thomas said the objective is to prove up further dep…
Int’l Mahogany boosts earnings
Excellent results continue for International Mahogany Minerals (TSE) which reported net earnings of $3.6 million for the nine months ended Sept 30. Revenues for the period were $21.1 million while cas…