News

Improved data for Explorationists

The Ministry of Northern Development of Mines of Ontario is preparing a province-wide magnetic grid that will provide the base for a wide range of improved aeromagnetic data for use by mineral explora…




Arsenic metal soars

Plant shutdowns in China and the cutback on shipments by that country have helped push the price of arsenic metal skyward to US$4.50 per lb. The price of arsenic metal was 60 cents in late December, …


Exploration to commence at Golden Pacific project

Golden Pacific Resources (ASE) says exploration has begun at the Penon Blanco claims on the Mother Lode vein system in Mariposa Cty., Calif. The program is expected to include surface exploration, sur…


Lixor acquires Orleans option

An option to acquire a 50% interest in 18 claims in Courville Twp. in northwestern Quebec has been acquired by Lixor (ME) from Ressources Orleans (ME). The option sold to Lixor was initially granted…


Alberta Stock Exchange Bitech is back

At last, there is some good news for the beleaguered shareholders of Bitech, which last year signed a $12-million option agreement with Equity Silver Mines. During the week ended Jan. 30, Bitech repor…


Trader ends deal

Trader Resources (TSE) has decided not to exercise its option to purchase 1.6 million shares of Ronnoco Gold Mines (COATS) at $1.25 per share. According to the vendors of the shares, Cabre Exploration…


Queries Gordex Minerals no longer trading

Can you tell me what is happening with Gordex Minerals? I notice the shares have not traded since last summer and there has been no news from the company either. R.G., Montreal, Que. Financial proble…


Entertaining ways of European metal users

Selling Canadian metals in Europe does not sound too enthralling but the personalities you meet and the meals and conversation are sometimes unforgettable. Several times a year, at about 6- to 8-week …


Editorial Looking to Elliot Lake’s future

No one likes to see an orebody come to an end, nor the hardship that imposes on the people who depend on the mines it engenders for their livelihood. But in this business, we all know that orebodies d…


Almost 30,000 oz. for Sleeping Giant

Gold production in 1989 from Aurizon Mines’ (TSE) Sleeping Giant mine in Quebec was 29,552 oz. For the fourth quarter gold output totalled 7,607 oz. from 34,652 tons of rock grading 0.19 oz. gold per …


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