1989


McCoy/Cove production growing for Echo Bay

First quarter gold production rose by 12% for Echo Bay Mines (TSE) thanks largely to a major expansion program under way at the company’s McCoy/Cove mine in Nevada. Echo Bay’s total quarterly gold pro…


Corona intersects kimberlite in Saskatchewan

Corona Corp. (TSE) says it has intersected potentially diamond- bearing kimberlite on the first hole drilled on its property near Sturgeon Lake, Sask. Corona is exploring more than 14,000 hectares of …


Drill results boost Miligan potential

The latest results from wide-spaced drilling on the Mt. Milligan gold-copper project near MacKenzie, B.C., have Continental Gold Corp. (VSE) projecting a substantial increase in reserves. As operator …


Panorama begins feasibility study

Encouraged by the results of a recently completed pre-feasibility study, Panorama Resources (VSE) has commissioned a full feasibility study for the Platoro gold-silver project in southern Colorado. Th…


Metal Prices PRODUCER PRICES (May 22, 1989)

ALUMINUM: MW U.S. Market US99.50 cents – $1.025 per lb. (May 11, 1989). ANTIMONY: New York dealer US95 cents -99 cents per lb. (Apr 27, 1989). BISMUTH: New York dealer $6.40-$6.55(US) per lb (May 11,…


McMaster geologists to study earth’s crust

Geologists from McMaster University in Hamilton have been awarded a $112,000 grant to study the earth’s crust near Kapuskasing, Ont. The research team, led by Professor Dennis Shaw, will explore the u…



FINANCING (May 22, 1989)

VANCOUVER Brooklyn Res Inc — gross proceeds rec $250,000. Fair Harbour Mng — gross proceeds rec $280,000. Athabaska Gold Res — opt exerc on 250,000 @ 52 cents per sh. Glider Devel Inc — 600,000 s…



Montreal Exchange: Market advances

The market took a turn for the better this week with both the market portfolio and mining and minerals index posting broad advances, more than 65 pts and almost 62 pts, respectively. Volume was light-…



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