Study shows precious metals distribution
A re-evaluation of a copper/ nickel prospect in Lake Cty. about 10 miles southeast of Ely, Minn., has shown elevated amounts of palladium, platinum, gold and silver, according to preliminary results o…
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Editorial Urban headframes
It has been said that there are lies, damned lies and statistics. A whimsical analysis undertaken by geologist Mary-Claire Ward falls directly under the third category. Ward made a study of 61 gold …
Nevada gold mine forms foundation for Barrick
A pivotal year in the life of American Barrick Resources (TSE) got under way recently when the Toronto gold producer tabled its development plans for the Goldstrike mine in Nevada. After producing 115…
Homestake signs agreement to purchase Esso holdings
If things unfold as expected, San Francisco-based Homestake Mining (NYSE) could be playing a much more active role on the Canadian exploration scene. A wholly-owned Canadian subsidiary, Homestake Mine…
Mysterious Metall still looking for an acquisition
Almost 18 months after West German metals giant Metallgesellschaft AG spun off a publicly listed mining arm called Metall Mining (TSE), the new company is still suffering from an identity problem. Eve…
BP Canada acquires Newfoundland option
An option to acquire four blocks of land comprising 120 claims in north-central Newfoundland has been acquired by BP Canada (TSE) from St. John’s promoter-prospector Lew Murphy. The property, which in…
N.A. Rare/Dundee Palliser close to Vezza gold deal
Partners North American Rare Metals (VSE) and Dundee-Palliser Resources (TSE) are on the verge of a major break through at the Vezza Twp. gold property in northwestern Que. where underground explorati…
Chelsea lays out new plan at troubled Spotted Horse
A new leaner Chelsea Resources (VSE) is planning to increase production this year at the troubled Spotted Horse gold mine near Lewistown, Mont. After gaining control of the company, Chairman Fernando …
United Mining planning production on Bolivian gold-silver bet
Results from an ongoing drilling program on the Laurani gold-silver property 130 km south of La Paz, Bolivia has United Mining Corp. (OTC) and its 50/50 joint venture partner considering an undergroun…
Audrey recipient of govt. grant
The federal government and the government of Quebec have teamed up to provide a grant of $1.97 million to Audrey Resources (TSE), which is building a mill at its Mobrun project north of Rouyn- Noranda…
Merger plan pits Malartic Hygrade against Gold Texas
Gold producer Malartic Hygrade Gold Mines (Canada) (VSE) and Gold Texas Resources (VSE) are battling each other in court over a proposed merger involving Gold Texas and two Texas-based junior mining c…
Octan completes Terra mine deal (January 30, 1989)
Calgary-based Octan Resources (ASE) has completed the acquisition of Terra Mines’ (TSE) Camsell River assets in the Northwest Territories which were shut down due to low silver prices in 1985. They in…