Production decision at Farley in ’89
A production decision for the Farley Lake gold deposit near Lynn Lake in northern Manitoba could come in 1989 if the results of a recent feasibility study are positive. A 12,000-ton bulk sample has be…
News
Rio Algom buys 22% stake in Vancouver gold company
Toronto-based resource giant Rio Algom Ltd. (TSE) has emerged as the largest shareholder in an unlisted gold exploration company called Pan Orvana Resources. In a bid to access some joint venture oppo…
Goldbank acquires Kamloops prospect
Calgary-based junior capital pool company Goldbank Ventures (ASE) has acquired a polymetallic property in British Columbia’s Kamloops mining division. Goldbank recently staked the 134-claim Mila prope…
New BIG mine opens
Recently starting up operations at its wholly-owned Richmond Hill gold mine in South Dakota was BIG, or Bond International Gold (TSE). The mine, located near the town of Lead, is an open pit, heap lea…
INSIDER TRADES (January 16, 1989)
Agassiz — P. Bannerman bought 33,000 (Oct) @ $3.30-40 to hold 334,050. Burgess Point — Perton Dev bought 31,000 (Nov, private) @ 10 to hold 583,313. Campbell Res — R. Lister bought 25,100 (Oct, No…
European producer price for zinc disappears
A decision by custom smelters in Europe to discontinue publishing a European producer price for zinc or zinc concentrate sales has affected the way Canadian producers report their prices. Falconbridge…
Full Feasibility Study Under Way for Sulphurets Project
It’s taken a little longer than expected, but Newhawk Gold Mines Ltd. (TSE) has awarded a contract to Cominco Engineering Services to conduct a full feasibility study for the Sulphurets gold-silver pr…
Start-up problems at McCabe
Stan West Mining (TSE) has encountered operating problems at its $35 million McCabe gold mine in Arizona. During the first quarter of operations, which began in September, 1988, the mine failed to gen…
Western Canadian to acquire Sulphurets Gold
Major shareholders of Sulphurets Gold (VSE) have agreed to vote in favor of an agreement that would result in Western Canadian Mining Corp. (TSE) acquiring 7,423,290 of its shares in exchange for West…
Grade, tonnage up at David Bell mine
Increased ore reserves at higher grades have been announced for the David Bell gold mine at Hemlo in northern Ontario. Additional tonnage at lower levels, an increase in the average width of mineable …
Tournigan shareholders ask pointed questions
Fights, whether they be professional or amateur, sometimes don’t live up to their billing. At least that was the case at the annual meeting of Tournigan Mining Explorations (VSE) where a dissident gro…
COMDA shows results at halfway point
The Canada-Ontario Mineral Development Agreement (COMDA) has passed the halfway mark of its 5-year term showing significant results in all programs, a recent progress report says. The $30-million fede…