Drilling to begin at Reymont project
Drilling is scheduled to get under way this month at Reymont Gold Mines’ (ASE) Great Western Star gold-copper property near Nelson, B.C. Spending $3 million by 1994 and making staged payments of $500,…
News
Mine feed only for Magnacon mill
The Magnacon mine near Wawa, Ont., produced about 3,300 oz gold in October, Windarra Minerals (TSE) reports. Mill throughput during the month averaged 473 tons per day at an average head grade of 0.25…
Gold Standard set to explore Uruguay with Big Pony Gold
Gold Standard (NASDAQ), the Utah-based company which is preparing to do battle with American Barrick Resources (TSE) in court next year for control of the Mercur gold mine, recently raised $2.55 milli…
Low grading nickel values cut by Milestone in Manitoba
Low grade nickel-copper values have been intersected by eight shallow drill holes completed recently on Milestone Resource’s (COATS) Ore Fault claims in southeastern Manitoba. The 16-claim property, a…
War Eagle deja vu
A total of 13 drill holes were completed by Nerco Delamar, a wholly owned subsidiary of Nerco Inc. (NYSE), on the War Eagle Mountain gold-silver project in Idaho. The drilling is part of a joint ventu…
Newhawk drifting returns high grades
Assay results from the first 130 ft of drifting on the R-8 structure at Newhawk Gold Mines’ (TSE) 60% owned Sulphurets project averaged 1.51 oz gold (uncut) and 17.16 oz silver across a true width of …
Audrey tonnage on Mobrun 1100 lens increases by 75%
Probable ore reserves in the 1100 lens at the Mobrun polymetallic mine in Quebec have nearly doubled, says operator Audrey Resources (TSE). The mine, which produces copper, zinc, gold and silver from …
Lower metal prices cut FMC earnings
Sharply lower gold and silver prices have contributed the recent decline in profits reported by Chicago-based FMC Gold (NYSE). FMC Gold, which last year ranked first in North America in terms of retur…
Denison oil sale
Denison Mines (TSE) has either sold or is negotiating the sale of all its oil and gas assets. The company has entered into agreements with three unidentified buyers for the sale of its oil and gas ass…
Editorial Teaching teachers From Triangle, a publication of Inco’s
It may be a slow process, but mining companies are beginning to show results in changing attitudes about the industry. At least that’s the thinking of almost 40 school teachers who took part in an a…
People (November 20, 1989)
ACQUISITOR MINES — Steven Migliacci, a geologist of Val d’or, Que., appointed president succeeding Martin Roy who remains a director. Andre Berube resigned as director.
Gold funds as of Nov 14
MVP BGR Central Capital Net value $12.23 $6.09 $0.52 Price $11.25 $5.88 $0.33 Discount 8.01% 3.5% 36.5% Value $72,820,398 $102,565,042 N…