Aurtec plans final feasibility in Gabon
Aurtec Mining Development (ME) is trying to raise $500,000 to conduct a final feasibility study on its Bakoudou gold property in Gabon, Africa. Detailed exploration work on the property has outlined a…
News
Simkar project ships first ore to Belmoral mill
Production recently commenced at the Simkar gold mine of Ronrico Explorations (VSE) following the shipment of 10,500 tons of ore and development muck to Belmoral’s (TSE) mill near Val d’Or, Que. Ronri…
CoCa 1990 earnings slip from 1989
Year-over-year earnings slipped to US$1.2 million for CoCa Mines (NASDAQ) during 1990. CoCa reported earnings of US$1.9 million on revenues of US$25.6 million for the year ended Dec. 31, 1989. Earning…
Glen Auden deal finalized
An exploration agreement has been finalized by Glen Auden Resources (TSE), Golden Dragon Resources (VSE) and Noranda (TSE), covering a 460-claim property in the Timmins-Swayze area of northern Ontario…
Canchrome sees Reed potential
The latest assays released from a winter drilling program at the Reed-Belanger chromite property near Thetford Mines, Que., leave no doubt the potential for reserves minable by open pit is increasing …
U.S. REPORT Kettle River boosts Crown’s 1990 earnings
With its first gold mine in production for just under a year, Crown Resources (VSE) managed to report earnings of US$953,000 for the year ended Dec. 31. Echo Bay Mines (TSE), operator and 70% owner of…
Alberta Stock Exchange Bitech on rise
As the price of gold bullion moved up to US$363 per oz. in the week ended April 9, shares of Bitech also rose to a high of 10 cents after the company said it has found a private backer to finance addi…
U.S. REPORT Galatic, Cornucopia agree on new share exchange ration
Following lengthy negotiations, Galactic Resources (TSE) and Cornucopia Resources (TSE) have agreed to a new share ratio for a merger proposal made last year. The new ratio will give Cornucopia shareh…
U.S. REPORT Coeur d’Alene looks far afield
During the past decade, Coeur d’Alene Mines (NYSE) has taken on a number of new projects that have enabled the company to grow as a gold producer. The company has been and still is one of the largest …
Executives form environment group
A international organization of mining companies has been formed to promote sound environmental and health policies and practices within the industry. Called the International Council on Metals and th…
Low grade at Chandler
A recently completed drilling program on the Chandler property near Weiser, Idaho, encountered low-grade gold values in a number of holes. The property is a joint venture between Silver Standard Resou…
U.S. REPORT Nerco revives Cripple Creek on camp’s 100th anniversary
The 100th anniversary of mining in the historic Cripple Creek district of Colorado will be marked by several of the region’s gold properties being brought back into production this year. A unit of Ner…