News

First Toronto’s Forsayth placed on auction block

The Mount Gibson gold mine has breathed new life into this part of Western Australia where the economy has almost been paralyzed by poor prices for agricultural products. The project, which has been p…



Mining Convention `89 set for San Francisco

The American Mining Congress convention will be held in San Francisco Sept 17-20, and will focus on “Meeting the challenges of the ’90s.” Sessions will cover mine financing and how to woo Wall St., st…


Corona drilling Varna’s Mings Bight

Corona Corp. (TSE) has started a diamond drilling program on Varna Gold’s (ASE) Mings Bight property in Newfoundland. Drilling is testing the Lightning zone which hosts three mineralized zones in a se…


Interest in Midway zinc increased by Regional

Regional Resources (TSE) plans to accept an offer from Canamax Resources (TSE) to buy that company’s 24.5% interest in the Midway zinc-silver project in northern British Columbia. Canamax wants $1.1 m…


Lenora to earn in at Eagle Lake bet

Having agreed to earn a 60% stake in Eagle Lake Explorations’ (ASE) Yukon base metal property, Greater Lenora Resources (ME) is to start a 3,000-ft drill program within two weeks. Under a recent agree…


Metal Prices PRODUCER PRICES (August 07, 1989)

ALUMINUM: MW U.S. Market US80.25 cents – 82.25 cents per lb. (July 27, 1989). ANTIMONY: New York dealer 95 cents -$1.00(US) per lb. (July 20, 1989). BISMUTH: New York dealer $5.50-$5.65(US) per lb. (J…


Montreal Exchange Silidor going ahead

Investors in resource issues appeared to enjoy themselves this week, sending the mining and minerals index soaring with a gain of more than 101 pts. The market portfolio also did well for itself, jump…


Inco Gold restructuring creates another company

Inco Ltd. (TSE) has made a few modifications to Inco Gold, the company’s wholly-owned gold mining and exploration arm. Inco Gold will manage Inco’s gold properties which are in production or near prod…


Noront set to fund exploration programs

Following the recent completion of a $2-million financing, Noront Resources (VSE) is set to continue exploration on four gold properties in northwestern Ontario, and a grassroots program in Newfoundla…


Wharf set for record output

After a $9-million capacity expansion last year, Wharf Resources’ (TSE) Annie Creek heap leach mine, a few miles south of this mining town, is on target to set a production record. Wharf is aiming at …



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