Soviet Union petitions western mining firms
The Soviet mining industry says it is open to offers from its western counterparts to generate new mining projects, update antiquated mining technology and reclaim metal from waste. At an east-west st…
News
Experience gained in 1980s prepared industry for 1990s
Mining engineers at the junior and middle management levels these days are products of the late 1960s and ’70s. In earlier days, all engineers at some time worked in gold mines, large and small. With …
Status of rhodium likely to increase
Rhodium will probably be upgraded to primary metal status as a result of this year’s surge in the rhodium price. At least two new mines in South Africa will probably concentrate on rhodium rather than…
$2 millio plan a Campbel wil cu emission – `Pressur oxidation was
A new $24-million plant to treat refractory gold ores from Placer Dome’s (TSE) Campbell Red Lake mine at Balmertown, Ont., will result in the elimination of sulphur dioxide gas emissions from the site…
Lyon begins testing large, low-grade gold deposit in Costa Rica
The first few holes of a 21-hole drill program on the Beta Vargas property in Costa Rica are confirming the presence of a large, low- grade gold deposit. Assays from Lyon Lake Mines’ (ME) first hole o…
Drilling company has followed fortunes of mining since 1926
One of the world’s most prolific underground and surface diamond drilling contractors, N. Morissette Canada Inc. has drilled more than 55 million ft. of diamond drill core since its founding in 1926. …
Blue Falcon, Micron in Moapa option deal
A letter of intent to enter into an option agreement with Blue Falcon Mines has been signed by Micron Metals Canada (ASE) and its joint venture partners in the Moapa Valley prospect in Nevada. The agr…
BOOKS IN REVIEW Eskay Creek featured in B.C. review
A new, definitive paper on the Eskay Creek gold deposit north of Stewart, B.C., is one of several geological articles featured in the newly released Exploration in British Columbia 1989. The British C…
Candol placements
A private placement (involving shares and warrants) worth $1.3 million has been entered into by Ng Mok Yuen of Hong Kong with Candol Developments (TSE) of Vancouver. The placement will mean a change o…
RSV to explore B.C. claims
RSV Resource (VSE) expects to raise $250,000 from two recent private placement agreements for exploration of the Spider and Edith claims near Stewart, B.C. The company can earn a 60% interest in the p…
PEOPLE PACIFIC CENTURY EXPLORATION
George Scott and Chet Idziszek appointed directors succeeding Arthur Clemiss who resigned.
Golden Rule, Manson Creek plan buybacks
Share buyback plans were announced recently by Calgary-based Golden Rule Resources (TSE) and its 58% owned subsidiary Manson Creek Resources (TSE). Golden Rule says it intends to acquire up to 1,052,0…