U.S. Report Placer buys Oneida shares
An option agreement signed in 1989 has resulted in Placer U.S., a wholly owned subsidiary of Placer Dome (TSE), owning one million shares of Oneida Resources (VSE). The option agreement called for Pla…
News
Northair drops Deception Lake
After compiling results from a recent exploration program, Northair Mines (TSE) elected not to participate in the future development of the Deception Lake property in northern Saskatchewan. The compan…
Malartic Hygrade loan to fund Congress mill
Malartic Hygrade Gold Mines (VSE) recently arranged a US$5- million gold loan facility with the Bank of Nova Scotia to finance plant construction at the Congress gold mine in Arizona. The loan bears a…
NASDAQ would end penny stock trading
The national over-the-counter market in the U.S., known as NASDAQ, is proposing to end trading in most stocks worth less than US$1. NASDAQ lists almost 5,000 issues, including many penny stocks. The m…
Cache option deal
Montreal-based Cache Explorations (ME) is increasing its land position in Courville Twp., Que., where the company has been drilling a gold property optioned from Parquet Resources (TSE). Subject to re…
Higher earnings for CoCa Mines
Net income of US$1.9 million (17 cents per share) on revenue of US$28.3 was reported by CoCa Mines (TSE) for 1989, compared with net income of US$184,500 (2 cents per share) on revenue of US$13.6 mill…
Editorial Mining industry challenged
The mining industry along with every other industry sector was challenged at Globe ’90, an international environmental conference held in Vancouver, B.C., to play a stronger role in protecting the env…
VSM, Serem up reserves on Grevet zinc project
Geological reserves at the Grevet zinc-copper-silver project operated by Serem Quebec and held under option by VSM Exploration (ME) have topped the 10-million-tonne mark. Situated about 40 km northeas…
Bojtos names the minerals
Peter Bojtos won the “Name the Minerals” contest at the Prospectors and Developers Association of Canada’s annual convention, March 11-14. He is vice-president of corporate development at Kerr Addison…
Gold funds as of Mar. 27
MVP BGR Central Capital Net value $12.09% %$6.06% $0.40% Price $10.75% %$6.62% $0.29% Discount 11.08% %9.3%5 27.5% Value $71,973,764 $102,052,117 N/A…
Remote Sensing
REMOTE SENSING Mining companies can now monitor mining waste sites and tailings ponds in considerably more detail from, of all places, Earth orbit. Using thematic mapping (TM) data from the Landsat sa…
Jonpol seeks financing for Garrison Twp. plans
Having extracted a 2,200-ton bulk-sample program on their Garrison Twp. Newfield gold project near Cochrane, Ont., partners Jonpol Explorations (TSE) and affiliate T & H Resources (TSE) are waiting fo…