Grizzly Creek picks up Garrison property
Grizzly Creek Resources (VSE) has purchased an option on a 5-claim property adjacent to the New Buffonta gold deposit in Garrison Twp., Ont. The deposit, currently being mined by partners Perrex Resou…
News
Bankers running short of time as Colomac fuel supply drops
Bankers who have already lent $90 million for construction of the Colomac gold mine must decide by the end of the month whether to put more money into the project. Otherwise operator NorthWest Gold (A…
Lawyers’ grade up by 25% – After downgrading tonnage
Underground development work by Cheni Gold Mines (TSE) on the Cliff Creek zone at the Lawyers mine in north- central British Columbia indicates minable grades will be 20-25% higher than anticipated. T…
Freewest, Mint option property
An agreement has been reached between Freewest Resources (TSE) and Mint Gold Resources (COATS) whereby the two companies have an option to earn a 100% interest in a 59-claim property in Northumberland…
Phelps Dodge drops Stillwater option
Arizona-based Phelps Dodge (NYSE) has dropped its option on the Stillwater strategic metals joint venture in Montana with Australian company Boulder Gold. Phelps Dodge had to decide by Jan. 15, whethe…
Lamaque survey work unsuccessful
No meaningful conductors were uncovered by a deep penetration geophysical survey on a portion of the Lamaque gold mine property at Val d’Or, Que., Golden Pond Resources reported. The company has a 25%…
INSIDER TRADING Sherritt officers invest in company
Two members of the dissident group that recently won control of Sherritt Gordon (TSE) recently emerged with a significant position in the Edmonton-based fertilizer and specialty metals manufacturer. A…
Placer Dome drops Gerle Gold option
After carrying out an exploration program in 1990, Placer Dome (TSE) terminated an option agreement with Gerle Gold (VSE) providing for exploration of the McConnell Creek gold property north of Smithe…
Mexico lures mining with laws that ease rules, allow foreign
Prospects for a significant revival in the Mexican mining industry have been given a shot in the arm by recent changes to that country’s mining laws. On Sept. 27, 1990, the Mexican government official…
B.C. copper smelter studied
A preliminary feasibility study recently concluded that a copper smelting facility on the coast of British Columbia would be economically viable. A Vancouver-based firm headed by former Cominco execut…
Beama sees 225,000 oz. a year from Chile
Armed with a positive preliminary feasibility report, Bema Gold (TSE) is aiming to bring on stream a heap leach gold mine in Chile with an annual production rate of about 225,000 oz. gold. That repres…
COATS (over-the-counter) Trial date set
Rivals Card Lake Resources and Teddy Bear Valley Mines will meet in court on Sept. 3 to settle a property dispute over Card Lake’s 5-claim property near Matheson, Ont., says Teddy Bear. Until then, Ca…