Junior Lysander Gold (VSE) is planning to use the proceeds of a private placement by Teck (TSE) for ongoing exploration of the Cat Mountain project where widespread copper-gold mineralization was foun…
Even with the relatively low price of gold and silver during 1989, Coeur d’Alene Mines (AMEX) maintained a profit for the nine months ended Sept. 31. Net income for the nine months was US$5 million or…
Legislation to repeal the mining law of 1872 was introduced recently by Representative Nick Rahall (West Virginia), chairman of the House Mining and Natural Resources Subcommittee. In introducing the …
A $400,000 exploration program at Spirit Lake Explorations’ (ME) Edwards gold property northeast of Wawa, Ont., will focus on defining a small but high-grading deposit, President John Hansuld told sha…
For British Columbia’s mining industry, 1989 was a year where the only constant was change. Most notably, the past year saw the return of major exploration companies as the leading spenders and a resu…
At last, there is some good news for the beleaguered shareholders of Bitech, which last year signed a $12-million option agreement with Equity Silver Mines. During the week ended Jan. 30, Bitech repor…
No one likes to see an orebody come to an end, nor the hardship that imposes on the people who depend on the mines it engenders for their livelihood. But in this business, we all know that orebodies d…
Gold production in 1989 from Aurizon Mines’ (TSE) Sleeping Giant mine in Quebec was 29,552 oz. For the fourth quarter gold output totalled 7,607 oz. from 34,652 tons of rock grading 0.19 oz. gold per …
Timmins-based Ventex Energy (VSE) has acquired an option to earn a 100% working interest in Consolidated Jalna’s (VSE) Shebandowan area claims, 30 miles west of Thunder Bay, Ont. Straddling the TransC…
Golden Star Resources (ASE) says a preliminary prospectus has been filed for a public offering and private placement to raise $10 million for exploration at gold and diamond projects in Guyana. Under…
The official opening of the Fondaway gold mine near Fallon, Nev., adds yet another new mine to a growing roster that has made this state the leading source of gold production in the U.S. Tenneco Miner…
A new gold mineralized zone has been discovered by underground drilling at the Simkar gold project near Val d’Or, Que. The project is owned by partners R onrico Explorations (VSE) and Louvicourt Gold …
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