Bull Run problems
Bull Run Gold Mines (NASDAQ) is anticipating a significant cash flow deficit in 1989 due to operating problems and a cost over-run at the Big Springs gold mine operated by Freeport-McMoran Gold Co. Pr…
News
Placer taking control of La Coipa
A gold and silver mining project in Chile with proven and probable reserves in excess of five million gold equivalent ounces appears to be on its way into the international property portfolio of minin…
Skyline increases production at troubled Johnny Mountain
Still grappling with startup problems at its wholly- owned Johnny Mountain mine in the Iskut River area of British Columbia, Skyline Explorations (TSE) may be starting to see some light at the end of …
COATS trading features (December 19, 1988)
This week, mining issues drifted slightly lower on thin volume. Exxeter Resources continues to be one of the few active traders. It was slightly better this week with 218,000 shares traded in the 37 …
Athabaska Gold resumes drilling at Nicholas Lake
Encouraged by recent drill results that included intervals of 77.8 ft of 0.388 oz gold and 30.7 ft of 0.32 oz gold, operator Athabaska Gold Resources (VSE) has resumed diamond drilling on the Nicholas…
Longreach to drill platinum prospect in Tulameen
In order to earn a 50% interest in the Grasshopper project in the Tulameen area of B.C., Longreach Resources is carrying out a follow-up percussion drill program to test platinum values encountered in…
Beauchamps purchase
Beauchamps Exploration (VSE) has acquired a 48-claim property in Surimau Twp., Que. Located 16 km south of Cadillac, the property was purchased for $8,000 and 100,000 Beauchamps shares at a deemed val…
Claude gets Seabee report
A prefeasibility report on gold reserves at the Seabee deposit in northern Saskatchewan has been received by Claude Resources (TSE). The report was recently completed by A.C.A. Howe International, a m…
Canalaska begins underground program
Underground drilling is now in progress at the Central Zeballos gold property, a former gold producer located about five miles from Zeballos on Vancouver Island, B.C. The program is operated by Canala…
Ontario tries again to update antiquated Mining Act
New staking practices, measures to avoid claim disputes and streamlined procedures for mine development are some of the changes to Ontario’s Mining Act proposed recently by Mines Minister Sean Conway….
Chutine gets option
Chutine Resources (VSE) has acquired an option to buy a 49% interest in a Mexican mining company which owns several gold, silver and copper deposits in Sonora state. Chutine will issue up to 17 millio…
Finor drilling
More promising results have been reported by Finor Exploration (ME) from the Courville property near Val d’Or, Que. Finor is earning a 30% interest in the project from Parquet Resources (TSE), which d…