Placer Dome mine fatality
No cause has yet been determined for an accident at Placer Dome’s (TSE) Dome mine in South Porcupine, Ont., on Feb 20 that claimed the lives of three miners. The three men — Lionel Legault, 47, of So…
News
Vista mill results
Vista Mines (TSE) has completed a 10,000-ton bulk sampling program from its Rio gold deposit in Saskatchewan. The sample yielded an average grade of 0.12 oz gold per ton. Milling was performed at Vist…
FINANCING (February 20, 1989)
VANCOUVER Benz Gold Res — gross proceeds rec $112,500. Golden Sky Res — gross proceeds rec $133,400. Sleeping Gold Ltd — 600,000 offered @ 43 cents per sh. Stag Expls Ltd — gross proceeds rec $19…
Book in Review World gold mines deposits discoveries
World Gold Mines is a 2-volume worldwide reference of gold mines, deposits and discoveries in 57 countries. Also includes a classification of deposits, characteristics and descriptions for over 600 ac…
Earnings Reports (February 20, 1989)
Newmont Gold reports fourth quarter net earnings of $37.2 million(US) or 35 cents per share. For the period a year earlier, the company reported net income of $23.9 million or 23 cents per share. Fo…
News in Brief (February 20, 1989)
Delaware Resources has changed its name to Prime Resources Corp. (PMR:VSE) on a share-for-share basis.
People (February 20, 1989)
GOLD TORCH RESOURCES — Douglas E. McRae appointed president succeeding Jesse Martinex who remains a director.
Obituary (February 20, 1989)
Henry Skowronski, well known in the diamond drilling industry where he was deeply involved in promoting safety, died Feb 10 in Rouyn-Noranda following a lengthy illness. He was 62. Skowronski was born…
Reynolds options claims
St. George Metals (VSE) has completed a joint venture agreement with Reynolds Metals Co. Reynolds will fund exploration on St. George’s Fisher gold property near Battle Mountain, Nev. The company also…
Peopel (February 20, 1989)
ASARCO — William T. Sweat has retired after 32 years with the company.
Transgold, Cline program
A $100,000-exploration program has been recommended for the 17-claim Cline East property held by partners Cline Development Corp. (VSE) and Transgold Resources (COATS). Located near Lochalsh, Ont., th…
Tundra drilling (February 20, 1989)
Tundra Gold Mines (VSE) is operating two drill rigs on its 2,400-acre McKenzie Break property in Quebec. Drilling has returned encouraging results from two mineralized zones. Results include 1.3 ft gr…