19 million tons outlined on Goldex Extension
Partners Goldex Mines (TSE) and Ormico Exploration (ME) have successfully increased the mineral inventory at the Goldex Extension zone to 19.4 million tons grading 0.070 gold per ton. An underground e…
News
Time running out on Lencourt’s option
Its a race against time as Lencourt (TSE) seeks formal approval from the Zaire government to purchase a Zairean mining company. Lencourt’s option to purchase a 72% interest in Sominki, a tin and gold …
Big Springs showcase for Nevada mining
The Big Springs gold mine 60 miles north of this thriving community isn’t the newest or the largest mining operation in the state. It does, however, have the unique distinction of being the first hard…
Sphinx heap-leachs gold in Quebec
Mention heap leaching and a person immediately thinks of the southwestern United States, where large tonnage, low-grade deposits are being mined year-round to yield relatively inexpensive gold. North …
U.S. REPORT Uranium Resources to supply U.S. utility
A subsidiary of Dallas-based Uranium Resources (TSE) has signed a long-term uranium supply contract with a major U.S. electric utility. The deal calls for Uranium Resources to supply the utility with …
Adrian gets mixed results from Stikine Arch drilling
Drilling on the Ski project situated directly north of the rich Eskay Creek deposit in the Stikine Arch area of northwestern British Columbia is returning mixed results. The drilling is part of an ong…
EDITORIAL PAGE A view from Wall Street (An editorial from The Wall
The word went out in November 1989 that socialism is dead, but the message doesn’t seem to have arrived in Ontario yet. Voters in Canada’s biggest and richest province gave the socialist New Democrati…
Grades falling at South African mines
The average grade of gold ore mined in South African mines has dropped steadily for the past 20 years to a low of 0.14 oz. gold per ton, down more than half from the average of 0.38 oz. gold per ton i…
Drilling starts on Great Lakes’s bet
Joint venture partners Great Lakes Minerals (TSE) and Michigan Mining have begun an 8,000-ft drill program on their Keweenaw copper project in northern Michigan. The property is situated about 80 mile…
Aur keeps 55% of Louvicourt, Noranda to get smelter feed
The four participants in the Louvicourt Twp. base metal discovery emerged recently with a deal that removes all of the litigation surrounding the deposit, while guaranteeing Noranda’s (TSE) right to t…
Production and costs up at Eastmaque’s Kirkland Lake project
A record 2,100 oz. of gold was produced at Eastmaque Gold Mines’ (TSE) Kirkland Lake tailings project in August, following declining production in the second quarter. Lower plant feeds and metallurgic…
News in brief (September 17, 1990)
Akiko-Lori Gold Resources (VSE) has exercised its right to option a 50% interest in Lansdowne Minerals’ (VSE) Lean-To property in the Omenica district of British Columbia. Akiko can earn its interest …