Cominco/Redfern reserves
Inferred reserves at the Tulsequah Chief project in northwestern British Columbia have been calculated at 1,602,000 tons of 2.39% copper, 1.09% lead, 5.45% zinc, 0.078 oz gold and 2.58 oz silver by Co…
1989
Earnings Reports (March 13, 1989)
Horizon Gold Shares (NASDAQ) reports a net loss of $195,358(US) or 1 cents per share for the three months ended Dec 31. For the nine months ending the same date net income was $1.03 million or 6 cents…
News in Brief (March 13, 1989)
Richmark Resources has chnaged its transfer agent to pacific Corporate Services.
Tin conference (March 13, 1989)
Metal Bulletin is organizing a tin conference from June 25-27, at the Golden Sands Hotel in Penang, Malaysia. For more information contact, Diana Little, Metal Bulletin Conferences Ltd., Park House, P…
Dofasco’s Ontario mines set to close next year
Hamilton-based steelmaker Dofasco Inc. (TSE) recently announced plans to discontinue operations at its two northern Ontario iron mines. The Adams Mine at Kirkland Lake and the Sherman Mine at Temagami…
Eastmaque aims to expand reserves at California mine
In an effort to increase reserves at its producing Cargo Muchacho gold mine, Eastmaque Gold Mines (TSE) has started its first exploration program since acquiring the California property from Newmont i…
Placer Dome in sulphur
Placer Dome Inc. (TSE) has entered into a joint venture agreement with two Australian mining companies, Gold and Mineral Exploration N.L. and Laverton Gold N.L., to explore their Mustang Draw sulphur …
Radisson plans production in August at Duquesne bet
Having acquired a 25% interest in the Duquesne gold project about 19 miles north of Rouyn-Noranda, Radisson Mining Resources (ME) reports it plans to purchase the remaining 75% interest as well. And, …
Duration, Aurogin active at Batchewana
Duration Mines (TSE) is allowing its Theresa gold property to flood as a cost savings measure. The company explains that the cost of keeping the underground workings dry far exceeds the cost of future…
Metal Prices (March 06, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date Feb 28 Feb 27 Feb 24 Feb 23 Feb 22 Copper 17…
More high grade gold at Weedy Lake
Drilling is continuing on the Golden Heart deposit near Weedy Lake, Sask., where recent drill holes have intersected more high grade gold values across wide widths, Golden Rule Resources (TSE) says. O…
Atlantic control sold
Control of Atlantic Goldfields (COATS) has passed to Ronald Goguen, a private investor based in New Brunswick. Via his private company, Kash Investments, Goguen purchased 2.3 million shares or a 19.7%…