U.S. tour highlights environmental challenges
Environmental concerns that U.S. mining companies are grappling with today will probably be facing Canadian miners in the future. That prospect prompted the Canadian Institute of Mining and Metallurgy…
1990
Insider Trading Pezim ups stake in Goldnev Res.
Vancouver promoter Murray Pezim recently moved to tighten his hold on Goldnev Resources (VSE), which has a 50% stake in the Goldstream copper-zinc property, north of Revelstoke, B.C. According to the …
Silver Drake
A 5,000-ft. reverse circulation drill program funded by Silver Drake Resources (VSE) has started on the Hachita gold property in Hidalgo Cty., N.M. The drill program will test geophysical targets adja…
Gold price likely to remain steady
The gold price is likely to peak in the first part of 1991, but will not exceed the US$450-per-oz. level, according to the Annual Review of the World Gold Industry, 1990, published by Shearson, Lehman…
Poor results from Milestone’s gold bets
Drilling on two of Milestone Resource’s (COATS) gold properties in the Birch Lake area of Ontario has returned poor results. On the Shabumeni property, two of the four holes assayed carried no signifi…
Vancouver Stock Exchange A bidding war looms large
The Vancouver Stock Exchange appears to have received the spark needed to ignite a widely predicted jump in activity. The combination of the announcement of a road into the Eskay Creek area, a takeove…
Underground drifting adding to confidence in Rouyn mine
Underground exploration at the Francoeur gold mine, held equally by Rouyn Mining Resources (TSE) and LAC Minerals (TSE), continues to support the theory that proven reserves can be increased. Situated…
Spending slump hurts Hillsborough
Reduced expenditures on exploration and development by the mining industry have had a negative effect on Hillsborough Resources’ (TSE) 1989 revenue. The mining contractor reported revenues of $31 mill…
Homestake selling Doe Run interest
Primary lead producer The Doe Run Co. will soon have only one owner. Homestake Mining (NYSE) has agreed to sell its 42.5% interest in Doe Run to Fluor Corp. for US$125 million and indemnification agai…
Getchell pulls good drill holes at Galaxy
Recent drilling by Getchell Resources (VSE) on the Galaxy property near Kamloops, B.C, returned encouraging results which appear to confirm the results of previous drilling done on the property during…
CIM conference showcases Abitibi’s major ore deposits
A week-long symposium focusing on mineral exploration in the Abitibi region of Quebec attracted more than 400 delegates to this northern city. Hosts of the bilingual event, titled “Northwestern Quebec…
Additional cash for Int’l Platinum
Toronto-based International Platinum (TSE) has received a further $250,000 to finance exploration on the Duluth platinum project in Minnesota and the Goodfish gold property near Kirkland Lake, Ont. Th…