Moss and Power plan merger
The directors of Moss Resources (ASE) and Power Explorations (TSE) have recently retained a consulting geologist to evaluate the assets of the two companies in preparation for a possible merger. Accor…
1989
Avino to acquire interest in Nevada silver mine
Under the terms of a new 24-year joint venture agreement, Avino Mines & Resources Ltd. (VSE) has taken over as operator of the Wonder silver and gold mine held under option by Belmont Resources (VSE)….
Cathedral adds 900,000 tons to Porcher Island reserves
Located near tidewater about 35 miles southwest of Prince Rupert, B.C., Cathedral Gold Corp.’s (TSE) 100%-owned Porcher Island gold project is rapidly moving towards the threshold of a production deci…
Iskut River road study in progress
Vancouver- based Thurber Consultants Ltd. has been selected to lead a $75,000 study of potential resource road access into the remote Iskut River area in northwestern British Columbia. The study is to…
Homestake acquisition boosts exposure
Assuming it goes through, the proposed acquisition by Homestake Mining (NYSE) of Esso Minerals Canadian exploration and development properties (N.M., Jan 30/89) would “represent a major re-alignment o…
Vista planning drill programs
Several prospective EM targets, the most important of which appears to coincide with the Creek shear zone, have been uncovered on the Uskik Lake property 130 km northeast of La Ronge, Sask., Vista Min…
Campbell seeks $40 million
A $40-million financing is being arranged by Campbell Resources (TSE). The cash will be used to fund the expansion of Campbell’s Joe Mann gold mine near Chibougamau, Que. Hosting reserves of 3.7 milli…
Dolphin building road at Cape Ray gold property
A 20-km access road, under construction at Dolphin Explorations’ (TSE) Cape Ray gold project in southwestern Newfoundland, is half completed, the company reports. Dolphin is building the road to reduc…
Land use dominant issue at B.C & Yukon mining meeting
In his address at the recent 77th annual general meeting of the B.C. & Yukon Chamber of Mines, President Nicholas Carter warned the mining industry that it must assume a proactive rather than a reacti…
American mining congress elects Milton Ward chairman
Milton Ward, president and chief operating officer of Freeport- McMoRan Inc., was recently elected as chairman of the board of the American Mining Congress (AMC) at the trade association’s annual meet…
People (February 20, 1989)
GOLD TORCH RESOURCES — Douglas E. McRae appointed president succeeding Jesse Martinex who remains a director.
Ojibway-Faith deal
An agreement has been signed between Faith Mines (VSE) and Ojibway Resources (ME) whereby the former has an option to acquire a 70% interest in Ojibway’s Chaste property north of Amos, Que. The agreem…