1990


Letters to the Editor Deal upsets shareholder

As a minority shareholder of both Flanagan McAdam Resources and Muscocho Exploration, I write to express my extreme displeasure with the deal made by these companies and Echo Bay Mines, the largest sh…


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…


Newhawk, Granduc double reserves

A systematic and thorough approach to exploration by project operator Newhawk Gold Mines (TSE) has brought about an impressive increase in proven and probable reserves for the West zone on the Sulphur…


Battle Mountain files for public offering

Houston-based Battle Mountain Gold (TSE) has filed with the U.S. Securities and Exchange Commission for a proposed public offering of five million common shares. Goldman, Sachs & Co. will be the lead …


Geddes tables Windy Craggy impact study

A 2-year study on the environmental impact of developing the remote Windy Craggy copper deposit in British Columbia has been submitted to the provincial government by Geddes Resources (TSE). Situated …


Amax, Coral extend agreement

Amax Gold (NYSE) and Coral Gold (VSE) have extended the date of a proposed agreement relating to Coral’s Robertson heap leach gold property in north central Nevada. The completion date of the joint ve…


Spot prices at a glance (February 19, 1990)

Week’s Price (US) Change Gold*$416.00–$ 3.90 Silver*$ 5.29–$ 0.01 Platinum*$516.10+$ 6.30 Nickel**$ 3.15+$ 0.37 Lead**$ 0.35+$ 0.02 Copper$ 1.05+$ 0.03 Zinc$ 0.62+$ 0.02 Courtesy of Scotiabank. Info…


GBryndon financing

Bryndon Ventures (TSE) has completed a $150,000 financing through a private placement of flow- through shares. The money will fund exploration on Bryndon’s gold prospect in northwestern British Columb…


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…


Parquet, Cache cut strong gold values

Joint venture partners Parquet Resources (TSE) and Explorations Cache (ME) have intersected 38.2 ft. grading 0.34 oz. gold per ton and 13 ft. grading 0.67 oz. in two recently completed drill holes on …


Radisson pours first Duquesne gold

The first gold was recently poured from the Duquesne mine project, about 19 miles north of Rouyn-Noranda, Que., Radisson Mining Resources reports. Recovered from a bulk sample of 3,267 tons was 1,059….


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