Aurtec ready to treat tailings
A 950-oz gold loan will allow Aurtec Mining (ME) to bring its tailings recovery project at the Montauban mine near Quebec City, Que., into production. President Jean-Claude Caron reports the start-up …
News
More mining companies looking to South America for rewards
The search for low cost, high quality gold deposits is taking an increasing number of Canadian firms into the jungles and mountains of Central and South America. Gold analysts say that as South Africa…
Mining industry springs to defence of VSE
The mining industry has rushed to the defence of The Vancouver Stock Exchange and its role of providing risk capital for mineral exploration. Through advertisements appearing in local and national pub…
Vancouver Stock Exchange Sorry year-end stats for ailing VSE
The VSE released results of its fiscal year ended March 31 which showed a deficiency of revenue over expense of $1.85 million before special items. Even though the Exchange held its position behind Ne…
Cathedral Gold earnings reduced
A substantial drop in gold production at the 52%-owned Stirling mine in Nevada brought about reduced revenues and operating income for Cathedral Gold Corp. (TSE) during its 1989 first quarter. The com…
INSIDER TRADES (June 19, 1989)
Audrey — Northgate Expl bought 500,000 (May, private) @ $3.75. to hold 3,300,500. Bachelor Lake — Que Sturgeon bought 30,00 (May) to hold 1,030,000. Battle Mountain — T Pate sold 24,875 (May) @ $13…
Fifth hole returns positive gold values, Armistice reports
A fifth hole drilled into the Kerr zone at the Virginiatown, Ont., property of Armistice Resources (ME) has returned interesting values, the company reports. Underground hole 22W900-4, between 3,200 f…
Coral shows potential of the U.S.
Canadian juniors generally have been more successful developing mines in the United States than they have in their own country. The main attraction, of course, is Nevada where heap leach technology ha…
Villeneuve options Arizona property
An option agreement has been signed by Villeneuve Resources (VSE) with Freeport-McMoRan Gold (NYSE) regarding the former’s Cruce gold property 35 miles north of Tucson, Ariz. Freeport may earn a 51% i…
Editorial Exploration demands caution
Some say the magnitude of a mineral discovery can be measured by the lawsuits it engenders. If that’s true, the copper strike announced this week by Aur Resources on Societe Miniere Louvem’s property …
Bema Gold to become new producer with Champagne mine
With full scale production about to begin at the Champagne heap leach mine in Idaho, Bema Gold Corp. (TSE) is poised to make the all-too-often perilous leap from a junior exploration company to a new …
M.I.M. completes share purchase in Granges
After intense due diligence that included four tours of operations, M.I.M. Holdings Ltd. of Australia has completed the purchase of 11 million shares of Granges Exploration at $4.55 a share, giving it…