Manitou tailings could be profitable: study
Environmental regulations relating to containment of potentially hazardous material at Societe Miniere Louvem’s (TSE) Manitou tailings project, could prevent the company from starting production until…
News
Hawk finds nickel
Hawk Resources (VSE) has made a nickel-copper discovery on its property in the Lac St. Jean area of Quebec. Surface exploration resulted in the discovery of a mineralized showing which assayed 0.62% n…
People (August 14, 1989)
BELLWETHER RESOURCES — Gary W. Daradich appointed a director.
Montreal Exchange (August 14, 1989)
Mining issues active Mining issues again fueled investment activity, with the mining and minerals index on the week jumping more than 154 pts during fairly heavy trading. Volume reached 11.9 million s…
Trader has reserves
Additional work has been recommended for Trader Resource Corp.’s (TSE) Ronnoco gold property near Timmins, Ont. Dean Rogers, geological consultant to Trader, concluded that an additional $500,000 prog…
Eastmaque takes on partner for American Girl mine
Although its Kirkland Lake tailings operation will remain wholly- owned, Eastmaque Gold Mines (TSE) has taken on a joint venture partner for its American Girl gold mine located in southeastern Califor…
Correction (August 14, 1989)
Marshall Minerals Corp. (ASE) will receive 65% of the sale proceeds from the Restigouche base metals deposit in New Brunswick. East West Caribou Mining, which will process the ore, will receive 35% of…
New reserve calculation expected for Chu Chua
Recent drilling by Minnova Inc. (TSE) is expected to translate into an increase in contained tonnage for the Chu Chua massive sulphide project located near Kamloops, B.C. The property is located withi…
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…
Ezekiel gets option on Aurizon’s Val d’or claims
Aurizon Mines (TSE) has granted Ezekiel Explorations (VSE) the right and option to participate in a joint venture and earn a 49% interest in 16 claims adjacent to the discovery property of Aur Resourc…
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…