St. Genevieve — Gold Vessel
St. Genevieve Resources (TSE) is effecting a normal course purchase to increase its interest in Gold Vessel Resources (ASE). St. Genevieve currently has a 22.5% interest in Gold Vessel; it intends to …
1989
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…
FirstMiss earnings
FirstMiss Gold (NASDAQ) reported net earnings of $1.7 million or 10 cents per share for the six months ended Dec 31, 1988 compared to $930,000 a year earlier. The increase was due to interest earned o…
Dickenson head …..para 12 insert…
Meanwhile, Dickenson has applied to the Ontario Securities Commission (OSC) for an order directing Corona (or, specifically, Corona Minerals, the company’s wholly-owned subsidiary which is making the …
High grade zinc find
A high grade zinc discovery has been made by partners VSM Exploration (ME) and Serem- Quebec, the Quebec government mining agency. Located 40 km northeast of Quevillon, Que., the discovery was made on…
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 …
Bunker Hill reactivates mine
Bunker Hill Mining (VSE) has reactivated the old Bunker Hill mine near Kellogg, Idaho. By year-end production had reached 700 tons per day and the company hopes to achieve 1,500 tons by mid-year. “Des…
Pegasus earnings reflect higher gold production
A 24% increase in gold production boosted the net earnings of Pegasus Gold (TSE) to $17.8 million(US) or 75 cents per share in 1988. These results compare with a $14.5 million profit or 70 cents a s…
Deak Res. set to acquire old MacDonald zinc mine
Deak International Resources, a subsidiary of the New York metals trader Deak International Inc., is close to acquiring Noranda Inc.’s (TSE) 51% stake in the former West MacDonald zinc mine in Quebec….
Jerome sampling is encouraging
Initial chip sample results from the underground drift faces on the South zone at the 500-ft level of the Jerome project in northern Ontario averaged 0.28 oz gold per ton, across an average width of 5…
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…