Vital Pacific drills anomaly
A diamond drilling program is under way on Vital Pacific Resources’ (VSE) Haida property, 100 km north of Kamloops, B.C. The company will drill 10 to 12 holes totalling 1,800 metres, at an estimated c…
News
Toronto Stock Exchange Producers suffer as gold price continues
Organizers of the New York gold conference could be forgiven for wishing they had picked a better week to hold the event. As representatives of the major North American producers gathered in the Big A…
Novagold expands in western U.S.
With the recent acquisition of three key properties in the Steeple Rock mining district in New Mexico, Novagold Resources Nevada continues to expand its interests in the Western United States. Novagol…
LAC closes office
LAC Minerals (TSE) will close its exploration office in Kirkland Lake, Ont., on April 15, affecting 12 employees. At least four of them will be offered relocation within the company. LAC’s operations …
Gold, oil interests pay off at Horsham
Investments in gold and oil production appear to have paid off handsomely for Toronto-based Horsham (TSE). Horsham, which controls American Barrick Resources (TSE), says net earnings in 1989 increased…
Revenue Canada’s treatment of farm-ins not about to change
In the latter part of 1989, some uncertainty arose about the status of Revenue Canada’s treatment of farm-ins, evidently because a district taxation office in Western Canada veered somewhat from its t…
Metals Week’s conference
Metals Week’s annual ferroalloys conference will be held in Tucson, Ariz., Oct. 25-26. Speakers will review the new harsh realities of the metals market. Contact Maryann Whalen, Metals Week, 42/F, 122…
Results fall short of expectations, Aur says deposit not `pinched
High-grade intersections that fuelled the rapid rise in the price of Aur Resources (TSE) and Societe Miniere Louvem (TSE) shares in mid-1989 failed to materialize among the latest batch of Louvicourt …
Queenston expects royalties from Kirkland Lake to increase
Queenston Mining (TSE) is anticipates rising royalty revenues from its Kirkland Lake properties adjoining the Macassa mine on the west where LAC Minerals (TSE) is stepping up deep exploration and deve…
PRODUCER PRICES (March 05, 1990)
ALUMINUM: MW U.S. Market US65.00- 67.00cents per lb. (Feb. 15, 1990). ANTIMONY: New York dealer US84-86cents per lb. (Feb. 15, 1990). BISMUTH: New York dealer US$4.30-4.40 per lb. (Feb. 8, 1990). CADM…
Improving maintenance costs could save industry billions
Reducing the cost of maintaining underground mining equipment could save the mining industry billions of dollars a year, says Dr. W.R (Bob) Dengler, who heads a prominent mine contracting company. Den…
Coral and Amex cut deal
An agreement has been finalized for the development of the Robertson gold property owned by Coral Gold (TSE). Under the agreement, Amax Gold (NYSE) can earn a 70% interest in the property by spending …