1989

After outlining a small but high- grade gold deposit on its Nugget Pond property in northern Newfoundland, Bitech Corp (ASE) is set to launch an underground exploration program this fall. Although it …

Vivian Danielson has been named Western Editor for The Northern Miner, Canada’s mineral resources newspaper. Danielson, a mining journalist for the past five years, was managing editor for a mining jo…

Although much of the credit has to go to Murray Pezim and hole 109, a full- fledged outbreak of gold fever has set the stage for a new wave of exploration into northwestern British Columbia’s gold cam…

Initial line-cutting and detailed geophysical surveys are under way at Hixon Gold’s (VSE) Louvicourt Twp. property east of Val d’Or, Que. Located about 4 km from the Aur/Louvem massive sulphide discov…

DEJOUR MINES — L.J. (Jack) Gunter appointed president and chief executive officer and to the board.

Billiton Minerals USA, the mineral wing of Houston-based Shell Oil Co., has signed a preliminary agreement to earn 51% in Ican Minerals’ (ASE) Racey gold project in southeastern Oregon. Last winter Ic…

A major drill program comprising 58,000 ft in 74 holes has been completed on the Mt Hundere zinc- lead-silver property in the Yukon Territory by partners Hillsborough Resources (TSE) and Curragh Resou…

Goldpost Resources (TSE) and Mining Corp. of Canada have entered into an agreement whereby the latter will purchase Goldpost’s Hislop West property situated east of Timmins, Ont. Goldpost will receive…

Bouyant investor interest in base metal stocks helped push the integrated mines index higher to 4081.06 points this week. The Toronto Stock Exchange’s 300 composite index, a wide measure of Canadian s…

Week’s Price (US) Change Gold*$361.20–$ 5.60 Silver*$ 5.13–$ 0.10 Platinum*$477.10–$ 8.25 Nickel**$ 5.72+$ 0.07 Lead**$ 0.34+$ 0.02 Copper$ 1.36+$ 0.05 Zinc$ 0.84–$ 0.04 Courtesy of Scotiaba…

An Australian-based securities firm falls into the bullish camp for base metals when looking ahead to 1990 and beyond. J. B. Were & Son, in a recent publication, foresees supply rising to meet demand …

Seven short holes testing a gold- copper zone have been completed by joint venture partners Athlone Resources (VSE) and Vital Pacific Resources (VSE) on their Soup property situated of Johanson Lake, …