Acadia drilling
Acadia Mineral Ventures (TSE) has started a diamond drilling program on its Vermilion Lake gold property near Sioux Lookout, Ont. The drill program will test several geophysical anomalies outlined by …
1989
Control of Westfield sold to Bronfman group outpost
Like sister company Northgate Exploration (TSE), Toronto-based Westfield Minerals (TSE) recently became part of a huge network that is controlled by the Bronfman- owned Hees International Bancorp. Tha…
Lamaque reserves up
Drilling has added tonnage to known reserves at the Lamaque gold project, operated by Teck Corp., (TSE) and partner Tundra Gold Mines (VSE). Using drill data supplied by Teck, Tundra has estimated res…
WAMIC dinner
The Women’s Association of the Mining Industry of Canada, held its annual scholarships and bursaries dinner recently at the Engineers’ Club, in Toronto. Christopher Gomes, a Fourth- year student in Me…
Placer Dome mine fatality
No cause has yet been determined for an accident at Placer Dome’s (TSE) Dome mine in South Porcupine, Ont., on Feb 20 that claimed the lives of three miners. The three men — Lionel Legault, 47, of So…
Ego funding Asquith Twp. drill program
Joint venture partners Ego Resources (TSE) and Asquith Resources (COATS) report encouraging gold values have been returned from recent drilling on their Asquith Twp. property, located south of Shining…
News in Brief (February 27, 1989)
South Pacific Gold has changed its name to Western Carlyle Concepts Inc. (WCL:VSE) on a share- for-share basis. *…
Earnings Reporty
Brunswick Mining and Smelting (TSE) reports net earning for the fourth quarter of $14.83 million or 41 cents per share. For the same period a year earlier the company reported net earnings of $7.8 mi…
Can Mac results from N.W.T. bet
A first phase 3,394-ft drill program has been completed by Can Mac Exploration (VSE) on the company’s Mon gold property. Located 30 miles north of Yellowknife, N.W.T., the Mon claims were originally a…
High grade shoots found at United bet
United Gold Corp. (VSE), which recently became part of the Northgate Exploration (TSE) group, is carrying out additional exploration at its Clio gold property in California. The Clio property is situa…
Northern Dynasty plans follow-up
Follow-up exploration is planned this year by Northern Dynasty Exploration (VSE) on its Misenkow River project in Ontario’s Pickle Lake area. A joint venture consisting of Northern Dynasty, Westfield …
Improved gold production boosts Echo Bay profit
Improved gold production enabled Echo Bay Mines (TSE) to increase earnings in 1987 to $54.4 million (US) from $48.5 million(US) realized in 1987. For the year, Echo Bay produced 585,000 oz of gold com…