Intense exploration activity at Eskay Creek during 1989 provides
clearer picture of deposit…
News
Large tonnage gold deposit in Chile outlined by Cominco’s 1989
Completion of drilling at the Lobo project in Chile has outlined a deposit of 80 million tons grading 0.045 oz. of gold per ton, Vancouver-based Cominco Resources International (TSE) reports. The 1989…
Micron test plant enters production
A consortium of companies led by Micron Mining, a private American firm, has built a facility to test for gold recovery from the sandy material of a property in southern Nevada’s Moapa Valley. Gordon …
Audrey planning an offer for Asamera Min. assets
Polymetallic miner Audrey Resources (TSE), based in Rouyn- Noranda, Que., is hoping to pick up where Corona left off by making a takeover offer for the Canadian and U.S. mineral assets of Asamera Mine…
Toronto Stock Exchange Indices (March 12, 1990)
Mar. 6 Mar. 5 Mar. 2 Mar. 1 Feb. 28 HIGH LOW Composite “300” 3723.17 3711.97 3707.42 3700.15 3686.70 4009.47 3649.49 Metals & Minerals 3144.28 3151.15 3133.53 3094.08 3010.87 3453.05 2921.03 Integrate…
Gold production up at Malartic Hygrade
With mill construction at its Congress gold mine under way, Malartic Hygrade Gold Mines (VSE) is looking forward to becoming a much larger gold producer. In 1989, output from a number of Malartic’s Va…
Terra Mines to lose major asset
Future production at the Amelia mine in Mexico may be stalled due to financing difficulties reported by the mines’ major controller, Terra Mines (TSE). Payments required by the mineral rights purchase…
Equity earnings more than double
Increased sales volumes of gold and silver plus lower production costs more than doubled earnings for Vancouver-based Equity Silver Mines (TSE). Net earnings for the year ended Dec. 31 were $20.6 mill…
Grade improving at depth on Astoria gold project
Impressive gold grades are being confirmed by recent underground exploration work on Belmoral Mines (TSE) and Yorbeau Resources’ (TSE) Astoria gold project, three miles south of here. The companies ha…
NO HEADLINE (March 12, 1990)
TEXT: About to enter production is the newest of Canada’s northern mines, the ambitious Colomac gold project of ABM Gold (AMEX), which is 50% owned by Northgate Exploration (TSE). The mine is located…
Calpine meeting to be held in April
The future of Calpine Resources (VSE) will be determined April 2, when shareholders of the company and those of Prime Resources (VSE) meet to vote on the proposed merger. Calpine shareholders have bee…
International African joins Kinbauri
An amalgamation agreement between Kinbauri Gold (ASE) and International African Mining, a private company based in Ontario, has recently been announced. The deal is conditional upon shareholder and re…