Bond reports loss of US$26 million
Bond International Gold (TSE) reported a net loss of US$26.4 million, or US46 cents per share for the 6-month period ended Dec. 31. Toronto-based LAC Minerals (TSE) bought a 65% interest in BIG last N…
1990
Athabaska resumes drilling at Nicholas Lake
The 1990 work program by Athabaska Gold Resources (VSE) has started on the Nicholas Lake gold property, 56 miles north of Yellowknife, N.W.T. As operator and 60% owner, Athabaska will be carrying out …
Deception Lake drilling disappoints
A 10,000-ft. drill program by Northair Mines (TSE) is nearing completion on the Deception Lake lead-zinc-gold- silver prospect in northern Saskatchewan. Northair, which is earning a 51% interest in th…
Vancouver Stock Exchange Bullish sentiment to gold market
Activity on the Vancouver Stock Exchange is beginning to pick up steam as junior companies prepare for the coming work season by arranging financings, making property acquisitions and sewing up joint …
Goldbelt gets option
Goldbelt Mines (TSE) has signed an option agreement with Glen Auden Resources (TSE), giving the company the right to earn a 50% interest in Glen Auden’s 219-claim property in Moody Twp., Ont. The Mood…
Gordex Correction
A recent query on Gordex Minerals (T.N.M., Feb. 5/90) included incorrect information regarding the company’s CIP processing plant in New Brunswick. Contrary to what was printed, the CIP plant at Gorde…
Another Rock Room planned by NBPDA
Members of the New Brunswick Prospectors and Developers Association (NBPDA) will raffle a dore bar at the 58th annual convention of the Prospectors and Developers Association of Canada (PDAC) in Toron…
Brynelsen and Specogna honored at Cordilleran Roundup
The highlight of the annual Cordilleran Roundup held in Vancouver, B.C., each year is the presentation of the prestigious H.H. “Spud” Huestis Award and the Edgar A. Scholz Medal. Established in 1977 t…
Cactus-Pegasus deal
A unit of Cactus West Explorations (VSE) recently signed a letter of intent agreement with Pegasus Gold (TSE) for continuing development of its Century gold project in southwestern Idaho. Pegasus can …
First gold pour at Golden Bear
Despite a rocky start on the road to production, the Golden Bear mine in northwestern British Columbia poured its first gold bar on Jan. 31. Sized at 360 tonnes per day, the mine is operated by North …
New decline and drift for Hecla’s Republic mine
A tour of underground and surface milling facilities at the Republic gold mine owned by Hecla Mining (NYSE) is somewhat reminiscent of a miner’s version of the popular movie Back to the Future. The mi…
Pine Point earnings up
Higher prices for zinc metal throughout much of the past year led to a substantial increase in 1989 revenues and earnings for Pine Point Mines (TSE). Unaudited net earnings for the year totalled $94.1…