Windy Mountain drilling yields copper values
Assay results from the first four holes on Windy Mountain Explorations’ (COATS) MacLeod Lake property in northern Quebec include 29.1 metres grading 1.49% copper and 0.08% molybdenum. The property is …
1989
Royal Oak eyes Gunsite’s porphyry deposit potential
What’s after Colomac? For Margaret Witte, president and chief executive officer of Royal Oak Resources (TSE), the answer just might be the Gunsite property situated between Anchorage and Fairbanks, Al…
Skyline boosts production, cuts costs by $55 (US) an oz
Gold production is up and costs have been reduced at the Johnny Mountain gold mine in the Iskut River region of northwestern British Columbia. Skyline Gold (TSE) said production costs at its 100%-owne…
Editorial Mining costs include decommissioning
When it comes to reclaiming property used for mining operations, it’s the mines of yesterday that get the attention, not the mines of tomorrow. The public — including those in the mining industry — …
Glamis tallies year-end loss
Despite record gold production of 29,248 oz, Glamis Gold (TSE) reported a net loss of $5.2 million or 32 cents per share on revenues of $14.05 million for its 1989 fiscal year ended June 30. In its p…
Montreal Exchange Trading perks up
Investment activity came alive this week with the general market portfolio index climbing almost 59 points and the mining and minerals index gaining more than 49 points. Daily trading volumes were fai…
Oneida, Placer Dome in property deal
A letter of intent has been signed by Placer Dome (TSE) and Oneida Resources (VSE) whereby the former may earn a 60% interest in the Maple Lake and Floating Heart properties of Oneida in the Mishibish…
Metal prices move up, commodity index down
Metal prices gained but the all- commodity price index of Scotiabank slipped 0.2% in August from the previous month. It was the seventh consecutive monthly decline for the over-all index. The gain (2….
Hidden Lake Gold seeks JV partner on NWT gold bet
A summer exploration program on Hidden Lake Gold Mines’ (VSE) Wheeler Lake property in the Northwest Territories has detected at least six gold showings along a 7-mile stretch of iron formation rocks….
Vancouver Stock Exchange Maqrket frowns on Calpine deal
The market continued its retreat again this week, with the VSE Index off a further 4.38 points to 779.09 at presstime. Brokers say trading remains sluggish, with 9.7 million shares valued at $11.3 mil…
Editorial Interpreting polls
If a poll conducted for the Mining Association of Canada by the Angus Reid Group can be believed, Canadians have a great deal of faith in the mining industry’s ability to carry out its business withou…
Spinoffs from mining benefit Northwestern Ontario
Ever since the first big gold rush to Red Lake, Ont., back in the 1920s, the vast expanse of Ontario’s northwestern region has presented a curious mixture of challenge and opportunity to the mining in…