Seabee project nearing mine status
Depending on the results of a final feasibility study, the next gold mine to go into production in northern Saskatchewan could well be the Seabee deposit 100% owned by Saskatoon-based Claude Resources…
News
Shaft sinking completed on Tundra project
Shaft sinking has been completed by partners Noranda Inc. (TSE), Hemlo Gold Mines (TSE) and Total Energold Corp. (TSE) on their Tundra gold project, 130 miles northeast of Yellowknife, N.W.T. Part of …
People (June 12, 1989)
NEWMONT MINING — Graham M. Clark, Jr. elected vice-president and general counsel.
Partners consider going underground at Little Stull Lake
An underground exploration program is being considered by partners Westmin Resources (TSE), Tanqueray Resources (VSE) and Estaurum Mines (ASE) for the Little Stull Lake gold project in Manitoba. A dec…
Glimmer, Noranda deal
Glimmer Resources (VSE) has optioned a gold prospect to Noranda Exploration, the exploration arm of Noranda Inc. (TSE). The 13-claim property is in Hislop and Beatty twps., Ont. Glimmer has also signe…
Minnova resumes drilling at Chu Chua
As part of a regional effort to secure additional feed for its 70%-owned Samatosum mill, Minnova Inc. (TSE) has resumed drilling on the Chu Chua volcanogenic massive sulphide deposit north of Kamloops…
Pioneer reports first-quarter loss
First-quarter financial results for Pioneer Metals Corp. (TSE) show a net loss of $330,000 or 2 cents a share compared with a loss of $46,000 for the period ended Mar 31, 1988. The company is expecti…
Bathurst anomaly of Sharpe Energy drawing interest
Sharpe Energy & Resources (VSE), formed some five years ago to investigate a geophysical base metal bet in New Brunswick, is not giving up in that province. Banking on geophysical findings within a fa…
Viceroy delays frustrating (June 12, 1989)
It’s been a long haul obtaining permits for Viceroy Resource Corp.’s (TSE) Castle Mountain project which was supposed to be in production over a year ago. California isn’t the easiest place to permit …
Spot prices at a glance (June 12, 1989)
Week’s Price (US) Change Gold* $375.50 $12.00 Silver* $ 5.40 +$ 0.18 Platinum* $507.75 +$ 6.50 Nickel** $ 5.86 +$ 0.01 Lead** $ 0.32 +$ 0…
Survey hits strong anomaly in unexplored area of Gaspe
A geochemical study conducted by the Geological Survey of Canada has come up with some interesting base metal anomalies in a relatively unexplored area south of Rimouski, Que. The GSC says it receiv…
Mining Congress calls for deepsea research
The American Mining Congress (AMC) has called for the reauthorization of the Deep Seabed Hard Mineral Resources Act for a further three years at an annual funding level of $1.5 million(US). The AMC to…