Royal Gold enters California venture
Denver-based Royal Gold (NASDAQ) has entered into a joint venture agreement with Standard Industrial Minerals of Sparks, Nev., for development of Standard’s Long Valley gold property in California. Th…
1989
Varna, Gingrich Exp. complete Tilt deal
Calgary-based Varna Gold (ASE) and Gingrich Exploration have signed an agreement allowing Varna to earn a 100% stake in the Tilt Cove gold property in return for expenditures of $250,000. The property…
Former president of USMX named in Nevada lawsuit
Gold producer USMX Inc. is taking its former president to court over certain mining claims in Pershing Cty., Nev. USMX has filed a suit in Nevada alleging a breach of fiduciary duty by Gary Grauberger…
Books Geochemistry
A new book entitled Geochemical Detection of Volcanogenic Massive Sulphides in Humid-Temperate Terrain was published recently by J. S. Cummings. The text reflects more than 30 years experience in mine…
Cassiar looks to exceptional year
With copper and asbestos prices at their highest levels in years, 1989 could well be another exceptional year for Cassiar Mining (TSE). Indeed, first-quarter earnings of $7.4 million or 40 cents per s…
Sphinx drilling
Reporting encouraging drilling results from a 164-hole program representing almost 21,000 ft at the Duvay gold property in northwestern Quebec is Sphinx Mining (ME). A heap leach bulk test is being un…
News in Brief (May 08, 1989)
Hillside Energy Corp. has changed its name to Charter Minerals Inc. (CMN:VSE) on a 1-new- for-2.5-old share basis. Transfer agent is Montreal Trust Company.
Onweida’s Mexican Hat bet optioned by Placer Dome
The American subsidiary of Placer Dome Inc. (TSE) has acquired an option on Oneida Resources (VSE) Mexican Hat gold property in Arizona. Placer has the right to earn a 60% interest by buying 400,000 O…
Canadian Mining Hall of Fame calling for nominations
The recently formed Canadian Mining Hall of Fame is now calling for the nomination of additional candidates to be inducted at a banquet ceremony January 8, 1990 at Toronto’s Royal York Hotel. This yea…
letters to the Editor Not all geologists party to `scandals’
It is a rare occasion that I consider replying to an editorial, but a few aspects of the issue you raise in your article “Blame it on flow- through” (N.M., Apr 19/89) beg further comment. Although the…
Earnings Reports (May 01, 1989)
First quarter earnings for Brunswick Mining and Smelting Corp. (TSE) were $18.3 million or 51 cents per share. In the first quarter of 1988 Brunswick’s net earnings were $3.9 million worth 11 cents …
What’s New Rust Control
A synthetic latex, glycol ether-and- water mixture is being marketed by Great Northern Research of Minneapolis, Min., as a one-step rust- neutralizer and metal-primer. Called Rust x, the new product f…