News

Capital spending booming as Sudbury mines come open

Although a recent drop in the market price of nickel on the London Metal Exchange has prompted cost-cutting action by two of Canada’s nickel producers (T.N.M., Jan. 29/90) big capital expenditure prog…


Charges dropped in fatal cave-in at Belmoral mine

Charges against Belmoral Mines (TSE) related to a mining accident 10 years ago at Val d’Or, Que., will not be pursued by the Province of Quebec, the company reports. The May, 1980, cave-in killed eigh…


Abcourt-Barvue closed

Citing low silver prices, decreasing grades and high costs, Abcourt Mines (ME) says it will close its Abcourt-Barvue silver mine in Quebec at the end of March. A major operating cost was incurred from…


Gold funds as of Jan 30

MVP BGR Central Capital Net value $12.53 $6.44 $0.44 Price $11.75 $7.00 $0.40 Discount 6.23% 8.7% 9% Value $74,596,963 $108,36…


Moss, Power merge

An amalgamation agreement has been signed between Moss Resources (ME) and Power Explorations (TSE) to form Moss-Power Resources (TSE). Under the terms of the agreement, which requires shareholder appr…


LAC gets good values on Jonpol bet

Good grades and widths are being confirmed by underground drilling on the Garrison Twp. gold project owned by Jonpol Explorations (TSE) and T & H Resources (TSE) in northeastern Ontario. The property,…


Bunker Hill surpasses 2,000 tons per day

At a time when many other base metal producers are paring back production or closing operations outright, Bunker Hill Mining (TSE) is continuing efforts to increase throughput. Production at the compa…



Granges exploring Terragold project

Vancouver-based Granges (TSE) is evaluating several gold showings at a former copper producer in the Baie Verte region of Newfoundland, having optioned the property from Terragold Resources (ASE). Und…


Ontario to lift part of Cobalt-area land caution

The Ontario government recently announced it has reached an agreement with the Bear Island Indian Band clearing the way for mineral exploration of 1,100 sq. km of land that has been frozen to explorat…



Monique financing (February 05, 1990)

Monique Exploration (ME) has entered into a financing agreement with La Societe en Commandite Monique II worth $250,000, the proceeds to go toward mineral exploration. Monique will issue 250,000 commo…


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