News

Golden Bear cost doubles putting project at risk

The Golden Bear project of North American Metals (VSE) and Chevron Minerals in northwestern British Columbia could be in jeopardy because of higher than anticipated start-up costs according to North A…


Santa Maria gets new gold property

Toronto-based Santa Maria Resources (TSE) has acquired an additional 174 claims in the Muskeg Lake area of northern Ontario. The property is located west of the town of Pickle Lake, and is underlain b…


Correction (March 27, 1989)

Union agreements do not require Campbell Resources (TSE) to keep its S-3 mine open as recently reported (N.M., Mar 20 /89). Campbell is exploring for additional reserves in the hope of prolonging the …




Neptune secures $90 million loan

Vancouver-based Neptune Resources (TSE) has secured the $90-million project loan it needs to complete plant and mill construction at the Colomac gold project in the Northwest Territories. A consortium…



Atlantic, Jascan buy shares in each other

While Atlantic Goldfields (COATS) and Jascan Resources (TSE) own shares in each other, it is unclear whether either side has further designs on the other. Jascan recently reported it owns 692,300 shar…


Corona ponders legal action in fight over Dickenson

More legal trouble may be brewing over the takeover battle for associated companies Dickenson Mines (TSE) and Kam-Kotia Mines (TSE). Corona Corp. (TSE), which is bidding against gold fund Goldcorp Inv…



Editorial A $4-million gesture

Too often good deeds go unnoticed. So it’s nice to have the opportunity to tip the hat to some of the actions that make people in the mining industry proud. In particular, Inco gets the nod for a $4…


Cheni Gold near full capacity at Toodoggone mine

Despite one of the coldest winters on record, Cheni Gold Mines (TSE) says commissioning of the 550-ton-per-day mill on its 100%-owned Lawyers property in the Toodoggone area of British Columbia, has p…


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