Obituary Mason C.F. Kossatz (May 15, 1989)
Mason C. F. (Eric) Kossatz, vice- president of Inco Gold, died in Toronto on April 14. He was 62. Kossatz joined Inco as a contract engineer in 1953 after graduating from the University of Toronto in …
1989
Ego to drill NWT zinc-silver bet
Exploration is scheduled to begin in June on a zinc-lead-silver property in the Northwest Territories recently optioned by Ego Resources (TSE). Ego has an option to earn a 100% interest in Initiative …
Higher grades needed on Gamsan’s Brabant Lake bet
A recent study of Gamsan Resources’ (ASE) Brabant Lake polymetallic deposit in northern Saskatchewan concluded that current reserves are inadequate to justify development of a mine. The study was done…
Win-Eldrich makes production plans for Ashdown bet
Fill-in drilling, surface trenching, column-leach tests and a heap leach feasibility study have been completed by Win-Eldrich Mines (TSE) at its Ashdown property in Humboldt Cty., Nev. The company say…
Alberta Stock Exchange Guinness plummets
As a result of confusion regarding the future direction of interest rates, volumes were generally low on the Alberta Exchange this week. However, the lack of trading activity didn’t preclude a sudden …
Dickenson acquires more Wharf shares (May 15, 1989)
Dickenson Mines (TSE) has increased its holdings in Wharf Resources (TSE) to 38.9% through the purchase of another 396,500 shares of the latter. Wharf operates a heap leach gold mine in South Dakota. …
Northgate tries to lose `banker label’
After a year-long shopping spree for acquisitions, Northgate Exploration (TSE) has emerged looking more like a complex holding company than the exploration firm its name suggests. In its quest to acqu…
Ontario’s mines yield $7 billion
Last year’s record-high nickel prices helped Ontario maintain its position as Canada’s premier producer of non-fuel minerals with production twice the value of any other province last year. Ontario is…
Homestake aiming for one million oz gold production in early 1990s
Aiming for a production level of one million ounces in the early 1990s, Homestake Mining (NYSE) boosted gold output to 781,458 oz in 1988, a 15% increase from the previous year. According to Harry Con…
Lac St. Jean area claims optioned
Two properties near Lac St. Jean, Que., have been optioned to related companies Golden Dragon Resources (VSE), Tarzan Gold (ASE), Cross Lake Minerals (VSE) and Glen Auden Resources (TSE). All but Glen…
CMP raises $80 million
Canadian government estimates of mineral exploration expenditures ranging from $700-$900 million in 1989 are overly optimistic, the president of a major Canadian flow-through fund says. Jean-Guy Masse…
Audrey on schedule with Mobrun mill
When Audrey Resources (TSE) brought its 70%-owned Mobrun polymetallic mine into production two years ago, there were fears that the company would have trouble living up to the terms of a custom millin…