1989

Low gold prices forcing closure of MacLellan mine

After much success in reducing costs, improving efficiencies and increasing gold production, LynnGold Resources (TSE) fell victim to plummeting gold prices. After sustaining continued losses at its Ma…


American Ore begins exploration at Iskut

American Ore (ASE) has begun its exploration program on the Iskut joint venture property equally owned by American Ore, Golden Band Resources (VSE) and Prime Resource Corp. (VSE). The property is loca…


Drilling completed on 007 gold property

Vancouver-based 007 Precious Metals (VSE) has completed a 10-hole drill program on its Rainbow Island property at Sturgeon Lake in northwestern Ontario. The shallow drill program tested known gold-bea…


Fleck seeks partner

Fleck Resources (VSE) is seeking joint venture offers for its Dunka Road base metals deposit in Minnesota. An in-house reserve estimate concludes the deposit hosts 170 million tons of material grading…


Fairbanks drilling hits 1,130 ft of 0.043 oz gold

Recent drilling by Fairbanks Gold (VSE) at the Fort Knox property near Fairbanks, Alaska, has encountered broadly disseminated free gold extending from surface to a depth of more than 1,000 ft. Becaus…


Faraday, Jascan deal

Faraday Resources (TSE) has completed the purchase of a 40% interest in Jascan Resources (TSE). Jascan has $7 million in cash and short-term investments. The company’s main mining interests are a roya…


FORMIDABLE EXPERTISE

More than 700 people in and around the town of Campbell River on Vancouver Island make their living in Strathcona Provincial Park, some earning more than $80,000 per year. These people aren’t raking l…


LEACH PAD LEADERS

Heap leachers continue to refine their techniques for fatter profits. By Olav Svela Innovation has been a hallmark of the heap leachers. That may be because this mineral extraction process itself was…


MINING GOES GREEN

Industry and government are grappling with the question of how much pollution is acceptable Nineteen eighty-nine is shaping up to be the year of decision on the environment. Industry and business have…


CYANIDE SOLUTIONS TIONS

An increasing number of Canadian gold mills are turning to chemical treatment processes to destroy and recycle toxic cyanide. Today, environmental protection laws in Canada are increasingly patterned …


Managing STRESS TAKES A HOLIDAY

We have all recently been exposed to a jingle on television that asserts “I need a vacation, gotta get away. * * .” We can even relate to it, but what have we done about it? I was part of a discussion…


Muckling and hauling a continuous process

The earth-moving technology Tthat makes open pit and underTground coal, salt and potash mining so affordable is making its way into underground hardrock mines. Significant advances have been made in r…


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