Galore Creek area very active
Sparked by a number of important gold discoveries in recent years, exploration activity in northern British Columbia has reached record levels — and it could get busier. The latest region to heat up …
News
Ore Reserve Increase at Gabanintha Mine (January 30, 1989)
A reassessment of the ore reserves at the Gabanintha mine by Dominion Gold Mines of Australia has increased the reserves now drilled out in the current mining area to over 2.2 million tons at an in si…
Michele Gold examines Midland Nickel Corp.
Michele Gold Mines (VSE) has acquired a 6-month property examination right on the Midland Nickel Corp. 7-claim property in Pardee Twp., Ont. The nickel-platinum group metals property is near Thunder B…
Dumagami’s new mine a winner for Agnico
With a 10-year ore supply already in sight and its spanking new 2,000- ton concentrator operating right up to expectations, the Donald J. LaRonde gold-copper-silver mine of Dumagami Mines (TSE) is loo…
Cliff Resources completes merger
Cliff Resources (TSE) of Toronto reports that it has achieved final completion of its merger arrangement with Canaustra Gold Exploration (VSE). The merger, given shareholder approval earlier this mont…
Vancouver Stock Exchange Base metal plays perk up trading
No one’s calling it a rally yet, but recent activity on the VSE is definitely beginning to percolate. Although a spate of profit-taking is causing some downward pressure on a few of the more active go…
Battle Mountain options NWT gold property –
A third company has been signed up by joint venture partners Gunnar Gold (TSE) and Mill City Gold (ASE) to explore their 100%-owned Courageous Lake gold property, 150 miles northeast of Yellowknife, N…
Falconbridge to keep shares held by McIntyre for moment
A plan of arrangement allowing shareholders of McIntyre Mines (TSE) to exchange each of their shares for either $64 cash or around 2.52 Falconbridge Ltd. (TSE) common shares, received both shareholder…
Glencairn seeks financing after Aur deal terminates
Glencairn Explorations (ASE) is seeking financing required to place its Feijao Cru diamond property in production. Located in Brazil, the Feijao Cru property hosts alluvial diamond bearing gravels whi…
analysts’ Comments
A gold producer for more than 30 years, LAC Minerals (TSE) is faring quite well, thank you, and is on target to produce a half-million ounces gold by 1991, that figure not including output from the Pa…
Gradore to reorganize
A cease trade order against Gradore Mines Ltd. (COATS), in effect since Feb 13, 1973, was rescinded recently by the Ontario Securities Commission, the company now being up to date with its filings. A …
Coin Lake gold loan
A $17-million(US) gold loan has been arranged for the Golden Reward gold mine in South Dakota. Coin Lake Gold Mines (TSE), which holds a one-third interest in the project, says the mine is scheduled …