Study bullish for international gold market
According to a recently published study of the international gold market by Metal Market Consultants of Lakewood, Colorado, the demand for gold should exceed supply and keep prices modestly buoyant in…
News
Aumisko name change
Shareholders of Exploration Aumisko (ME) have approved a consolidation of the company’s A shares on a 2-for-1 basis. Shareholders also approved changing the company’s name to Ressources Granisko. The …
The Japanese way to boost gold assets
The recent upswing in the price of gold is being accounted for in several ways by analysts. New legislation in Japan allowing non-life insurance companies to invest up to 3% of their assets in gold bu…
Hillsborough feasibility (December 18, 1989)
Hillsborough Resources (TSE) expects a project feasibility study for the Mt. Hundere zinc deposit in the Yukon from partner Curragh Resources by mid-December. Hillsborough and Curragh hold a 20% and 8…
Kewagama sampling vein structure (December 18, 1989)
A recent sampling of the No 2 vein over a portion of the 250 level lying west of the No 1 shaft and directly below the current drifting on the 125 level at the Granada property near Rouyn-Noranda, Que…
New Stratmin mill nears completion
The crusher at the Lac-des-Iles graphite project of Stratmin Inc. (ME) north of Montreal should be working by Dec 22 and the new mill operational in February of next year, the company reports. A new r…
Canada’s oldest Law firms
Two of Canada’s oldest law firms with strong ties to the mining industry are merging. Day, Wilson, Campbell has signed a merger agreement with Holden, Murdoch and Finlay to create Holden Day Wilson, e…
Cominco signs agreement on Quebrada Blanca
A definitive agreement has been signed for the development of the Quebrada Blanca copper deposit in northern Chile. As reported (N.M., Aug 28/89), the agreement provides for the formation of a company…
Black Swan dives
Net earnings for the six months ended Sept 30 dropped sharply for Black Swan Gold Mines (VSE), from $532,000 last year to $34,000 this year. Cash flow after non-cash working capital items was $208,000…
Westmin calculates reserves at Debbie and Yellow properties
Geological mineral inventories have been calculated by Westmin Resources (TSE) for the Debbie and Yellow gold exploration projects near Port Alberni on Vancouver Island. The Debbie is a joint venture …
McNickel’s Lac St. Jean prospect is uneconomic
The story of McNickel Inc.’s (COATS) copper-nickel exploration project at Lac St. Jean, Que., has ended in disappointment. The McNickel discovery, which earlier this year touched off a staking rush in…
More high grade at Buckhorn
Excellent drilling results continue to roll in from the Buckhorn Mountain property owned by Crown Resources (NASDAQ). Situated in Washington State, the property has been the subject of an extensive ex…