Catear suspends production until April
Poor weather conditions and heavy snowfall in the Sulphurets area of northwestern British Columbia have led Catear Resources (VSE) to suspend operations at its Goldwedge mine until April. In the meant…
News
Golden Group’s Estrades project nudging closer to production
This year’s exploration and development program at the Estrades polymetallic deposit will include metallurgical testing, road construction and engineering studies leading to final feasibility, partner…
Placer Dome to option Brookbank property
Placer Dome Inc. (TSE) has signed a letter of intent to option Metalore Resources (TSE) Brookbank gold property near Beardmore, Ont. Under the terms of the deal, Placer has the right to earn a 50% int…
Ennex developing Scottish gold mine
A Scottish gold mine is in the works. Broker James Capel recently reported Ennex International is exploring the Cononish property at Crianlarach, 60 miles northwest of Glasgow, and to date has defined…
Agency to promote small-scale mining
The lessons learned by companies developing small mines in Canada may soon be applied to mine development elsewhere in the world. That is the aim of Small Mining International, an international agency…
Orex to acquire Goldboro property
Having acquired a 25% interest in the Goldboro gold property in Guysborough Cty., N.S., Orex Exploration (ME) will spend $8 million to purchase the remaining 75% interest held by Onitap Resources (TSE…
People (March 20, 1989)
ADDSUN RESOURCES — Stephen G. Mlot appointed president and chief executive officer.
Gold funds as of March 14
BGR Goldcorp Central MVP Capital Net value $12.17% 9.16 6.60% 0.80% Price $9.88% 6.00 6.12% 0.62% Discount $ 19.72% 34.5% 7.2% 22.5…
Jolu mine meeting design parameters
Operations at Saskatchewan’s newest gold mine are meeting design parameters, partners International Mahogany Cor , (TSE) and Corona Cor , (TSE) say. The Jolu mine, which entered production in November…
Correction (March 20, 1989)
NLX Resources (TSE) has not acquired control of Sandy K Mines, a private company as reported earlier (N.M., Mar 6/89). NLX holds a 24% in a silver property near Gowganda, Ont., which is controlled by …
Queries More to Borealis share price than short selling
Back in 1986, we purchased 200 shares of Borealis Exploration at $29 per share. Recently, however, there has been a great fall in the price of these shares. Could you kindly inquire as to the reasons …
Cheni Gold near full capacity at Toodoggone mine
Despite one of the coldest winters on record, Cheni Gold Mines (TSE) says commissioning of the 550-ton-per-day mill on its 100%-owned Lawyers property in the Toodoggone area of British Columbia, has p…