St. George farms out U.S. properties
Through its U.S. subsidiary, St. George Minerals (VSE) has signed two letter-of- intent agreements for the exploration and development of its mining claims in the Battle Mountain district of Nevada. T…
1989
U.S. gold production remains healthy
Declining gold prices have not hurt American production of the precious metal, according to a study by the Metals Economic Group in Halifax, N.S. In 1989, U.S. gold production will climb by more than …
Noble Peak cuts good hole at Mac
The first assay results from drilling on the Mac zone by Noble Peak Resources (ASE) have been received. The first hole intersected 13.7 ft grading 0.18 oz gold per ton whereas the second assayed 0.21 …
B.Y.G acquires 100% of Mt. Nansen
B.Y.G. Natural Resources (VSE) has increased its ownership in the Mt. Nansen gold-silver property to a full 100% interest. The company acquired a further 31% in the Yukon project from Chevron Minerals…
Metal Prices (June 12, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 6 June 5 June 2 June 1 May 31 Copper 1565…
Tamrock gains in Baker Hughes sale
Finnish manufacturer Tampella Ltd. plans to strengthen the grip of subsidiary Tamrock on the underground drilling and loading business by acquiring the machinery operations of Baker Hughes Inc. for an…
Mini staking rush results in lost thumb but no shots
A mini staking rush around Elmhurst Twp. near Thunder Bay, Ont. resulted in one slight casualty but otherwise there were no major incidents to report, said Thunder Bay mining recorder Roy Spooner. A…
Editorial U.S. Mining Act is best left alone
The United States Congress is coming dangerously close to trashing its 117-year-old Mining Act and replacing it with something that is bound to paralyze the mineral exploration industry for the next d…
Cameco to drill Hanson Lake
A large follow- up drilling program has been recommended for the Hanson Lake project of Cameco and Trimin Resources (VSE), 40 miles southwest of Flin Flon, Man. Besides testing the strike and depth ex…
Vancouver Stock Exchange Midland leads rebounding market
The big news here and just about everywhere was the recent and long awaited upswing in gold prices. While most analysts have learned not to make hard and fast predictions on what gold will do over the…
Editorial No news here
Anything to do with PCBs is news, right? Toxic polychlorinated biphenyls mean trouble no matter where you find them. And, if you believe everything you read, PCBs usually mean guilty industry offender…
Montreal Exchange Mazarin leads way
It’s not gold, but the relatively rich graphite reserves Mazarin Inc. reports it has uncovered near the Quebec-Labrador border may make the Quebec junior a wealthy company. Mazarin traded more than 1….