West Coast Skarns
Skarns containing gold as the predominant, and in some cases the only, economic mineral are classed as gold skarns while precious metal enriched (PME) skarns include any iron or base metal skarn that …
News
Letters to the Editor Prospector faults Bill 71
I am writing to you in answer to the statements put forth by Ontario Mines Minister Hugh O’Neil (T.N.M., March 19/90). I would ask on what basis he thinks setting high rates will encourage the submiss…
Calpine plans program for GNC
A $500,000 work program has been proposed by Calpine Resources (VSE) for the GNC claims north of Stewart, B.C., which surround a large part of the Eskay Creek gold deposit owned equally by Calpine and…
Pamorex detects second gold zone
After conducting some further assaying on drill core from a recently completed exploration hole on the Upper Beaver property near Kirkland Lake, Ont., Pamorex Minerals (TSE) says it has detected a sec…
Princeton gains control of Cliff
By selling its wholly owned asbestos unit to Cliff Resources (TSE) in exchange for common equity, Princeton Mining (TSE) has effectively gained control of Cliff. Princeton estimates that it will own 7…
Low grade deposit on Springpole bet
The Portage zone on the Springpole gold property being explored by joint venture partners Noranda (TSE) and Akiko-Lori Gold Resources (VSE) hosts geological reserves of at least 7.9 million tons gradi…
Queenstake makes new acquisition
Further to the company’s move away from placer mining, Queenstake Resources (TSE) has acquired a number of claim blocks in Pershing Cty., Nev., which include the Snowsquall and Doc properties. As a re…
Belmoral seeking rescuer after $34.5 million loss
Efforts to rescue Belmoral Mines (TSE) from its financial troubles were continuing as the company revealed recently it had lost $34.5 million (91 cents per share) during the year ended Dec. 31. While …
Magnesium plants in startup phase
Two new Canadian magnesium plants are in the startup phase. Norsk Hydro began a small-scale test operation toward the end of last year at its Becancour, Que., facility; full capacity of 40,000 tons pe…
Norgold to test Arizona gold belt
A drill program by Norgold Resources (VSE) is about to begin on the 100% owned General Grant gold project, some 70 miles northwest of Phoenix, Ariz. Situated in a known mineral belt, the 2,600-acre pr…
Melinga re-evaluates low-grade gold, copper property in Honduras
A property in northwest Honduras, where a large, low-grade gold deposit was discovered in the early 1970s, is being re-evaluated by Melinga Resources (VSE). Subject to regulatory approval, Melinga wil…
Goldex, Ormico confirm large, low-grade deposit
When Goldex Mines (TSE) and Ormico Exploration (ME) agreed to launch a $2-million, underground drilling program on their Val d’Or property in January, they hoped to prove the presence of a multi- mill…