Galactic releases new Ivanhoe results
Vancouver-based Galactic Resources and partner Cornucopia Resources have released some new drill results from the Ivanhoe joint venture gold property at Carlin, Nev. Galactic Chairman Robert Friedland…
News
Mount Wright seeks royalty payment from Exminesa
Legal proceedings by a company controlled by Lac Minerals of Toronto will soon be under way in Spain to collect a royalty owed to it by the mining firm Exploracion Minera Internacional Espana S.A. (Ex…
New Arseno refractory process of interest to gold miners
When City Resources starts processing ore at its Cinola gold mine late in 1989, it will be using a new refractory treatment process, one that has not previously been used commercially. The Arseno proc…
Controlling the price of a metal
The dream of great wealth to be obtained from control of the international price of a metal or other commodity has ensnared many an adventurer. It is heady wine and is often carried with an obsession …
News in Brief (January 11, 1988)
On Sept 26, the Senate of the United States proclaimed the week of April 24-30 as Mining Awareness Week by adopting Senate Resolution 289. Mining Awareness Week coincides with the dates of amc’s MINEx…
Getty tells shareholders not to act on Total ofer
Following an evaluation by Wood Gundy Inc., Getty Resources is advising its shareholders not to tender their shares to Total Resources (Canada). Total has made an offer to buy all the issued and outst…
Mary Ellen project funded by Pacific
An exploration program, funded by Pacific Trans-Ocean Resources, has begun on a property optioned from Mary Ellen Resources. Located in Eby Twp., six miles west of Kirkland Lake, Ont., the property co…
Prospectors criticize tax reform
Proposed tax reform by federal finance minister Michael Wilson which would see the elimination of flow-through funding at the end of 1989 is a “serious over-reaction,” says the Prospectors and Develop…
Galactic acquires control of All-North
Galactic Resources Chairman Robert Friedland says his company has acquired of 68.45% interest in All-North Resources in exchange for 96.04% interest in Galactic’s subsidiary Hudson-Yukon Mining Co. Fr…
Alberta Stock Exchange Ontex still appealing
While other Alberta-listed exploration companies remain stranded in the $1 to $5 range, Borealis Exploration of Calgary cruised along last year at around $20. Without so much as an oz of production, t…
Golden Zone results (January 11, 1988)
Two drill results reported in the Dec 28 issue from Golden Zone Development’s gold-silver prospect in Alaska were incorrect. Hole 20C intersected 59 ft of 0.172 oz gold per ton (not 49 ft as reported)…
Open pit operation Cal Graphite prepares for production
Work is gearing up at Cal Graphite Corp.’s Graphite Lake property near Huntsville, Ont., with production scheduled to begin late in October. About one-third of the mining and milling equipment has bee…