1989

Fears of inflation and rising interest rates acted to put a damper on the stock exchange this week, with the market portfolio off more than 18 pts and the mining and minerals index dropping almost 50 …

The Nevada Bureau of Mines and Geology has published two new magnetic map sets. NBMG Map 93A is a 1:750,000- scale total intensity magnetic anomaly map of Nevada, compiled from digital data, corrected…

Having negotiated the country’s first Mineral Development Agreement (MDA) with the federal government in 1984, the government of New Brunswick (now under Frank McKenna’s Liberals) is confident a secon…

Quebec junior Mazarin Inc. (TSE) reports it will hire an independent firm to proceed with a calculation of reserves at the company’s graphite deposit in the Fermont area of Quebec, by the end of March…

Two blocks of claims in the Lac St. Jean area of Quebec have been acquired by Toronto-based Regal Goldfields (COATS). According to President Douglas Bannerman, the first property comprised of 18 claim…

Oneida Resources (VSE) has received encouraging results from initial exploration on its Mexican Hat property in Cochise Cty., Ariz. Of 74 surface samples taken, 36% assayed in excess of 0.01 oz gold p…

Toronto-based Santa Maria Resources (TSE) has acquired an additional 174 claims in the Muskeg Lake area of northern Ontario. The property is located west of the town of Pickle Lake, and is underlain b…

Union agreements do not require Campbell Resources (TSE) to keep its S-3 mine open as recently reported (N.M., Mar 20 /89). Campbell is exploring for additional reserves in the hope of prolonging the …

Dumagami Mines (TSE) was expected to announce a merger with Agnico-Eagle Mines (TSE) at Dumagami’s annual meeting, but the issue didn’t even come up until after the meeting when company representative…

An evaluation by Newmont Gold Company (NYSE) of drill results from 16 properties in the Carlin belt has increased its proven and probable reserves by 9% to 16.3 million oz of contained gold. These res…

Vancouver-based Neptune Resources (TSE) has secured the $90-million project loan it needs to complete plant and mill construction at the Colomac gold project in the Northwest Territories. A consortium…

After an 8-year shutdown, the Copper Cliffs mine and mill complex in western Idaho is being reactivated by Silver King Mines (NASDAQ) and Pacific Silver Corp. (NASDAQ). The Utah-based companies operat…