Central Crude
Hemlo Gold Mines (TSE) says its operator Noranda Exploration has completed a reserve calculation for the Eagle River gold property held in joint venture with Central Crude (VSE). The property is locat…
News
Tundra Gold options more Quebec claims
An additional 13,850 acres has been added to Tundra Gold Mines’ (VSE) McKenzie Break property in Courville and Fiedmont twps., 20 miles north of Val d’Or, Que. The company recently optioned another 34…
Reserves upgraded at Tillicum Mountain property (February 06, 1989)
With a substantial increase in reserves brought about by its 1988 work program, Esperanza Explorations (VSE) is contemplating a $3.3-million pre- feasibility program this year for its Tillicum Mountai…
Women’s conference
Judy Erola, a former mines minister for the federal government, will give the luncheon address on March 3, at a Northern Women’s conference on resources and environment in Sudbury. Women from northern…
Corona bids cash for Dickenson
An all-cash takeover bid for the B shares of Dickenson Mines (TSE) and the common shares of Dickenson-associated company Kam-Kotia Mines (TSE) has been made by Corona Corp. (TSE). It marks the second …
ECM seeks partners on Nevada prospects
Five gold exploration properties in north central Nevada have recently been acquired by ECM Inc. The properties, located in Lander and Eureka Counties, cover a total of 52,000 acres in Nevada’s Cortez…
Ventures buying Eastmaque shares
Control of Eastmaque Gold Mines (TSE) is slowly slipping into the hands of Ventures Trident, a Colorado-based mining investment partnership. Ventures has purchased 900,000 preference shares of Eastmaq…
Springer Resources reports gold zone
Recently-listed Springer Resources (VSE) reports anomalous gold values have been encountered on its Glenwood-White Bay joint venture property in Newfoundland. The 60-claim Glenwood property is one of …
Durga targets Nevada belt for future metals search
With exploration under way at a couple of Northwest Territories gold properties Durga Resources (ASE) is now setting its sights on the Nevada gold belt. The Calgary company beat out two rival bidders …
BP, Galactic open Ridgeway in South Carolina
America’s first gold rush began almost 200 years ago in the Piedmont area of the Carolinas; and after a half-century hiatus (production ceased during World War Two), gold mining has made a significant…
Metal Prices (February 06, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Jan 31 Jan 30 Jan 27 Jan 26 Jan 25 Copper …
Correction (February 06, 1989)
Capital costs at the Namew Lake mine in northern Manitoba, totalling $70 million, were shared 40% by Outokompu Mines and 60% by Hudson Bay Mining & Smelting, not 100% by Outokompu as was stated in (N….