U.S. REPORT Viceroy mails out EIS/EIR
The United States Bureau of Land Management (BLM) has given approval to Viceroy Resources (TSE) to release the final version of the Environmental Impact Statement and Report (EIS/EIR) on the Castle Mo…
News
Northern Abitibi buys stake in Douay gold bet
Calgary-based Northern Abitibi Mining (ASE) and Golden Rule Resources (TSE) have signed an agreement whereby Northern Abitibi will purchase a 50% interest in Golden Rule’s Douay gold property, in Jout…
EDITORIAL PAGE Taxpayers shouldn’t be `bank of last resort’
The problem with government assistance for commercial ventures is that taxpayers usually end up footing the bill for an enterprise that simply wasn’t good enough for conventional backers. A recent loa…
U.S. REPORT Robertson results disappointing
The most recent progress report from Amax Gold (NYSE) on the Robertson project, near Lander cty., NV., owned by Coral Gold (TSE) appears to be somewhat disappointing, with Coral reporting that 10 of t…
FINANCING (September 03, 1990)
Collins Resources Ltd — 1,000,000 offered @ 40 cents per unit. Slocan Development Corporation Limited — 1,200,000 offered @ 40 cents per unit. Santa Marina Gold Ltd. — 1,000,000 offered @ 40 cents …
Mine rescue champs
Fourteen teams from around British Columbia recently competed in rescue and first aid competitions sponsored by the British Columbia Mines Ministry in Nanaimo, B.C. The competition included three cate…
Toronto Stock Exchange Indices (September 03, 1990)
Aug. 28 Aug. 27 Aug. 24 Aug. 23 Aug. 22 HIGH LOW Composite “300” 3354.20 3358.26 3361.23 3359.28 3431.20 4009.47 3334.13 Metals & Minerals 3031.24 3058.68 2992.80 2959.23 3017.10 3453.06 2850.84 Integ…
Aurora signs deal with Phelps Dodge
Calgary-based Aurora Gold (ASE) has farmed out its 31% interest in a base metal property near Joutel, Que., to Phelps Dodge Corp. of Canada, a unit of North America’s largest copper producer Phelps Do…
Directors bullish at St Andrew
The board of directors of small gold producer St Andrew Goldfields (TSE) leaves no doubt as to how its members feel about the long-term outlook for gold: positive. “Massive deficits persist in the U.S…
Goldstake drilling Wyoming placer bet
Toronto-based Goldstake Explorations (TSE) and its joint venture partner Sawatch Gold Placers have begun a major drilling campaign on their South Pass gold project in Wyoming. The 2,962-hectare placer…
Canadian gold output in ’89 up by 900,000 oz.
Production last year from 80 primary, non-placer Canadian gold mines totalled slightly more than 4.5 million oz., up about 25% from 1988, research firm Metals Economics Group of Halifax reports. About…
Buick-Doe Run wins safety award
St. Louis-based Doe Run’s Buick lead mine in Missouri recently won an award for its 1989 safety record, which showed 147,624 employee hours without lost time to injuries. Called the Sentinels of Safet…