Making Allowances
In almost every joint venture or other property acquisition agreement wheremoney is spent on exploration, development or other mining work, the operator is allowed to charge an allowance for overhead …
News
C.I.M. IN U.S.A.
Environmental concerns that U.S. mining companies are grappling with today will probably be facing Canadian miners in the future. That prospect prompted the Canadian Institute of Mining and Metallurgy…
ORE-IFEROUS ABITIBI; Northwestern Quebec is home to 10 operating
You don’t have to look far to find today’s mining frontier. It lies just north of the well-developed string of gold mines stretching from Val d’Or in the east to the Ontario border in the west, and k…
Geophysics made easy
IP Time Domain Equipment A new line of induced polarization (ip) time domain equipment is available from Androtex Ltd. of Mississauga, Ont. The instrumentation is easy to operate and employs the lates…
FINANCING (July 02, 1990)
Dryden Res — 700,000 offered @ 96 cents per unit. Berglynn Res — 700,000 offered @ 56 cents per unit. Candela Res — 1,450,000 offered @ $1.32 per unit. Island-Arc Res — 600,000 offered @ 55 cents …
Robert Cleaver, president of Goldstake Explorations (TSE), which
The U.S. Environmental Protection Agency will require some controls for the mining operation. One example Cleaver cited was the recovery of wind-blown tailings from area properties. Cost of that clean…
U.S.REPORT Cornucopia appoints financial advisor
Shearson Lehman Hutton has been appointed by Cornucopia Resources (TSE) to act as the company’s advisor in the proposed merger with Galactic Resources (TSE). The proposed business combination between …
Arimetco takes over lease on Arizona’s Van Dyke porphyry
The lease on the Van Dyke porphyry copper deposit in Miami, Ariz., will change hands following an agreement between Tucson- based Arimetco (TSE) and Kocide Mining. Under the agreement, Kocide will tra…
Akiko extension
Vancouver-based Akiko-Lori Gold Resources (VSE) has until Aug. 31 to decide whether it’s going to exercise an option on Lansdowne Minerals’ (VSE) Lean-To property. The gold-silver-copper prospect is s…
Indigo Gold raises $600,000 for option
Indigo Gold Mines (ASE) expects to raise $600,000 as a result of share purchases and conversion of debentures. Tyler Resources (TSE), Indigo’s parent, has exercised 1.2 million of its share purchase w…
Golden Pacific plans to drill Penon bet
A recently completed exploration program on the Penon Blanco property owned by Golden Pacific Resources (ASE) has the company planning a drilling program. The property is located near Coulterville, Ca…
Alberta Stock Exchange Gold Vessel up 35 cents
Shares of Gold Vessel Resources jumped 35 cents to $1.05 in the week ended June 26 after the company released assay results from underground channel sampling at its Gold Eagle mine in Arizona. The min…