News

Recent geologic studies in northern Minnesota indicate a greater potential for gold and silver in the area than was previously estimated, J.R. Clark, a U.S. Geological Survey scientist, told a meeting…

More than 700 unionized workers at the Horne division of Noranda Minerals at Rouyn-Noranda, Que., recently voted 62% in favor of a new 3-year labor contract. Salaries will have risen by about 19% by t…

Asarco (NYSE) is contributing a grant of US$200,000 to Montana Tech in the state of Montana to endow a US$150,000 professorship in minerals engineering and provide US$50,000 for scholarships. Active i…

For the purchase price of $1.27 million, Teeshin Resources (VSE) has bought the remaining 33% interest in the Dome Mountain project near Smithers, B.C., from its partner Canadian-United Minerals (VSE)…

Another drill hole on the Fontana property in northwestern Quebec has hit the high-grade (0.48 oz.per ton) zone intersected by Bay Resources and Services (ASE) three weeks ago. Hole JB-200A, a wedged …

VANCOUVER Eurogold Res — gross proceeds rec $225,000. Ticker Tape — 600,000 offered @ 57 cents per unit. Pioneer Northern — 600,000 offered @ 40 cents per sh.

RFC Resource Finance (TSE) says it will soon be in a position to make a production decision at the old Pend Oreille zinc mine project, 55 miles south of Trail, B.C. All the necessary field studies hav…

The Highland Valley copper mine near Kamloops was honored during the Mining Week in British Columbia for having achieved the highest standard of job safety performance in a British Columbia mine durin…

There are few, if any, occupations that expose individuals to such a variety of hazards as mineral exploration does. Several characteristics of the exploration sector in Western Canada are probably un…

Prime Resources Corp. has changed its name to Prime Resources Group Inc. (PRU:VSE) on a 1-new-for-2.25-old-share basis. Transfer agent is Central Guaranty Trust Co.

During the week ended March 20 the fortunes of the U.S. dollar continued to dominate the gold market as international investors flock into the currency. The U.S. dollar rose over 100 basis points to c…

With a 43% increase in gold production to a record 1,183,000 ounces, Placer Dome (TSE) surpassed the 1- million-oz. level for the first time in 1989. However, the company’s consolidated 1989 net earni…