Brican, Bow Valley earn into property
Two Canadian companies, Brican Resources (VSE) and Bow Valley Industries (TSE) have earned a 50% interest in a large epithermal gold play in Nevada’s Battle Mountain district. Santa Fe Pacific Mining,…
News
Letters to the Editor Newhawk, Granduc pleased with results
I am writing to express my disappointment on behalf of Newhawk and our partners, Granduc Mines Ltd., regarding comments made in your stock market column of April 10, 1989. In the article you commented…
South Atlantic, Union Mines strike deal to merge
A deal has been completed which will merge a subsidiary of South Atlantic Ventures (VSE) with a subsidiary of Union Mines to form a new company called Union Copper. Atlantic will remain the sole share…
Agnico completes sale of real estate sector
Toronto-based Agnico-Eagle Mines (TSE) recently completed the sale of its real estate division to Ontario developer Iona Corporation for $42.8 million. Net proceeds from the sale after repayment of mo…
Dickenson acquires more Wharf shares (May 15, 1989)
Dickenson Mines (TSE) has increased its holdings in Wharf Resources (TSE) to 38.9% through the purchase of another 396,500 shares of the latter. Wharf operates a heap leach gold mine in South Dakota. …
Monte Carlo Gold Mines — a new beginning
In late 1988, Robert Salna and several associates purchased the controlling interest in Monte Carlo Gold Mines Ltd. Since that time, changes in the management team of Monte Carlo have facilitated a ne…
LynnGold’s MacLellan mine struggling along
Struggling against falling bullion prices, LynnGold Resources’ (TSE) MacLellan mine near Lynn Lake, Man., produced 13,460 oz of gold at a cost of $443 per oz during the first quarter of this year. Tho…
Oneida hits
Drilling by Oneida Resources (VSE) on the company’s Mexican Hat gold property has returned an exceptional hole of 285 ft grading 0.203 oz gold per ton. The assay cut to one oz was 0.096 oz gold per to…
Editorial Rock mechanics research should be put to use
Governments in Canada have the power to give mining companies the right to develop the country’s mineral resources. They also have the responsibility of making sure companies use the best available te…
Judge’s retirement could trigger new Hemlo hearing
The retirement of a Supreme Court of Canada judge could result in another appeal hearing in the ownership dispute over the Page- Williams gold mine in the Hemlo area of northern Ontario. Justice Willi…
Market slump continues
Ongoing concern about the direction of the economy and gold’s dismal performance managed to keep investors on the sidelines for yet another week. The prolonged market slump has taken its toll on even …
Serem, VSM Exploration boost Grevet M tonnage
Possible and probable reserves at the Grevet M property in northwestern Quebec, northeast of Quevillon, stand at 2.1 million tonnes grading 8.72% zinc, project partners Serem-Quebec and VSM Exploratio…