Caprock Alaskan find
A gold discovery has been made by Caprock Corp. (NASDAQ) on the company’s property on Valdez Creek, Alaska. The company’s exploration work has outlined one economic paleochannel in the Roosevelt Creek…
News
Partner of choice’
Placer Dome is trying to establish itself as the partner of choice’ among junior exploration companies looking to explore and develop properties in North America. If the number of deals Placer is invo…
Spot prices at a glance (November 06, 1989)
Week’s Price (US) Change Gold $373.60+$ 5.25 Silver $ 5.17+$ 0.04 Platinum $487.25+$ 4.45 Nickel $ 4.52–$ 0.16 Lead $ 0.34–$ 0.01 Copper$ 1.24– 0.01 Zinc$ 0.70–$ 0.01 Courtesy of Sco…
Waswanipi Crees form own company
The Waswanipi Crees of northern Quebec have become a player in the mining industry. The Indian band, from the province’s Chibougamau area, has set up its own mining company, Cree Exploration. Presiden…
Corona’s quest
Corona Corp. is determined to retain its status as a low-cost gold producer and it is depending on exploration success to do it. It has been involved in projects from Newfoundland to British Columbia,…
Kingswood drilling (November 06, 1989)
A 10,000-ft drilling program is under way at the Bourlamaque property in the area of Val d’Or, Que., Kingswood Explorations 1985 (ASE) reports. The property, about six miles west of the Aur/Louvem cop…
Savanna Resources Sept 29
A number of different companies have taken a look and then walked away from Savanna Resources’ (ASE) Turner Albright polymetallic project in southern Oregon. Noranda Exploration, for example, optioned…
LAC doubles Toqui reserves
LAC Minerals (TSE) has expanded reserves at its Toqui zinc mine 1,000 miles south of Santiago, Chile. Drilling has confirmed the continuity of the pollymetallic Dona Rosa deposit southwest of the mini…
Placer makes commitment to become juniors’ partner of choice’
Already one of the world’s largest gold producers, Placer Dome (TSE) brought on stream four new gold mines in the first half of 1989. Construction of a fifth mine is progressing, and two other large-s…
Victoria directors
New directors have been named to the board of Victoria Graphite (COATS), which is exploring a graphite property near Portland, Ont. The current directors are Armin Klein, Bernard Shinder, J. J. Elkin …
Sale of Nevada gold bet considered by United Mng
Strong gold mineralization has been encountered in a Carlin, Nev., property held by United Mining and Westmont Mining. According to United Mining President Timothy Collins, a number of intersections, …
Acadia board in state of flux
A shakeup is in the works at Acadia Mineral Ventures (TSE) which could cost President Donald Smith his job. Before the company’s annual meeting in Toronto could be properly constituted, Smith announce…