U.S. REPORT Oracle Ridge coming along
Production is expected to begin in the third quarter of 1990 at the Oracle Ridge project being developed by South Atlantic Ventures (VSE). The company reports that the mining contractor is proceeding …
News
Major General cuts visible gold on Dorothy Lake bet
Recent drilling on the Dorothy Lake gold prospect, 50 miles west of Pickle Lake, Ont., has yielded an encouraging high-grade gold value for owner Major General Resources (VSE). The Vancouver-based com…
Tyranex, GSR set to mine Tyranite bet shear zones
Mining operations are set to resume next month at the old Tyranite gold mine, 12 miles west of Gowganda, Ont. Starting in mid-September, partners Tyranex Gold (COATS), GSR Mining Corp., and the Calgar…
Galactic posts second quarter loss as Summitville output drops
Gold producer Galactic Resources (TSE) reported a loss of US$630,000 or 1 cents per share for its 1990 second quarter, compared with a loss of US$1.36 million or 4 cents per share for the 1989 second …
Euro-Nevada has profit in 1990 first quarter
Nevada royalty specialist Euro- Nevada Mining (TSE) reported a profit in the 3-month period ended June 30. First quarter net income was $670,000 or 5 cents per share on revenues of $1.1 million compar…
Denison share price drops as A,B dividends withheld
The preferred series A and B shares of Denison Mines (TSE) took a heavy beating recently after the company said it would not pay out scheduled dividends on both sets of shares. On Aug. 20, the first w…
Bailey buying
Recently acquiring 412,500 B shares of Vancouver-based junior Hughes Lang (VSE) was Gregory Bailey and a company he controls, Premier Medical Investments. The shares, combined with 116,000 B shares al…
Tymar, Ticker Tape drilling Newice
Partners Tymar Resources (VSE) and Ticker Tape Resources (VSE) are about to start a drill program on their Newice property, 68 miles north of Stewart, B.C. Previous work on the property is reported to…
Letters to the editor Multi-use on Crown land urged
Northerners have always practised multiple-use on Crown land — a co-operative land management system that depends on local expertise. The land’s capability is the first priority with our loggers, pro…
Glimmer drill program ends on a high note
Drilling on Glimmer Resources’ (VSE) Beatty-Hislop property near Matheson, Ont., Noranda (TSE) has discovered another mineralized zone, almost 300 ft. east of any previously known mineralization. Two …
Bomb scare at Dome mine
Police are investigating the discovery of a home-made bomb found recently at the strike-bound Dome mine in South Porcupine. The bomb, attached to the mine’s main water line, was discovered near the mi…
Chutine brings N.A. methods to Mexican copper/gold bet
Toronto-based Chutine Resources (VSE) has commissioned a feasibility study to determine the economic viability of a sizable porphyry copper deposit on the San Antonio de la Huerta property in the Mexi…