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…
1990
PRODUCER PRICES (June 04, 1990)
ALUMINUM: MW U.S. Market US72.50- 74.50 cents per lb. (May 17, 1990). ANTIMONY: New York dealer US82-84 cents per lb. (Apr. 19, 1990). BISMUTH: New York dealer US$4.05-4.15 per lb. (May 17, 1990). CAD…
People GRANDUC MINES
William Grismer appointed president and chief executive officer succeeding William Allan who resigned. People May 22, 1990…
Correction (June 04, 1990)
Contrary to what was reported (T.N.M., May 28/90), the average cost of production at Canamax Resources’ (TSE) three Canadian gold mines during the first three months of 1990 was US$372 per oz., compar…
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…
Drilling to start on Slumbering Hills
Now that a lengthy legal property ownership dispute has been resolved to the benefit of Freegold Recovery (VSE), an exploratory drill program has started on the company’s Slumbering Hill property near…
Colomac gold pour upstaged at recent Northgate meeting
Although it was overshadowed by some verbal sparring at Northgate Exploration’s (TSE) recent annual meeting in Toronto, the first gold pour was expected to occur last week at the Colomac gold mine, no…
Southern to finance Chester development
With a commitment to spend $6 million on exploration and development over a 3-year period, Southern Arizona Mining and Smelting (COATS) says it intends to form a joint venture with Gold Bar Resources …
U.S.REPORT West Pride’s Arizona ground features big mineralized
The property would be a hard day’s ride from this hot, dusty town in an area steeped in the history of the American wild west. One would be hard pressed to find men to make that ride to the Dragoon Mo…
Granges earnings $1 million better
Net earnings of $1.7 million were reported by Granges (TSE) for the 1990 first quarter, compared with $655,000 for the similar period of the previous year. The jump in earnings was the result of an in…
Denison prepared to sell non-core assets
Faced with mounting losses and a battered share price, Toronto- based Denison Mines (TSE) may be forced to divest more of its non- uranium assets in order to meet future financial obligations. The com…
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…