Bond Gold, Placer Dome mining in Pickle Lake
After producing more than 21,000 oz of gold during its first four months of operation, the Golden Patricia mine, 40 miles west of Pickle Lake, Ont., looks like a winner for owner Bond Gold Canada Inc….
News
Leaching site gives Durga chance to generate cash
Busy Durga Resources (ASE) recently acquired the facilities it needs to process 10,000 tons of tailings material at the Boss mine gold project in southern Nevada. Having secured an interest in Silver …
Assoc. Porcupine vote approves merger with Amer. Reserve
American Reserve Mining Corp. (VSE) reports that over 99% of the shareholders of Associated Porcupine Mines (TSE) have voted to amalgamate with a wholly-owned subsidiary of American Reserve to form Pa…
Orebodies right under your nose
If 13 years ago I had offered you the exact location of the Hemlo gold deposit, would you have been interested? As a matter of fact, I did. A total of 3,500 people were provided with the information, …
Athabaska Gold releases assays from Nicholas Lake
Assays from a further five holes were released by Athabaska Gold Resources (VSE) from recent drilling on the Nicholas Lake gold property located 60 miles north of Yellowknife, N.W.T. The company has e…
Esso calculates reserves for SB
Based on data from 1988 surface and underground drill programs, partners Tenajon Resources (VSE) and Esso Minerals Canada have reported geological reserves for the SB property north of Stewart, B.C. I…
Goldpost cuts 0.43 oz over 42 ft at Hislop
Goldpost Resources (TSE) says the first hole of a four hole drill program on the west zone of the Hislop East property east of Timmins, Ont., has intersected 0.43 oz gold per ton across 42.2 ft from a…
Letters to the Editor (March 06, 1989)
Your recent review of the re- opening of the Bunker Hill mine (N.M., Feb 27/89) implies that we are operating with only one year of proven reserves. I believe that your estimate of our proven reserve …
Activity to stay hiogh despite uncertainty
Uncertainty is probably the best word to describe the mood as exploration companies enter what is traditionally the most active season of the year. Everyone in the industry has had it pretty good for …
Mine opening spurs exploration in Stewart-Sulphurets camps
The big news this year for the Stewart-Sulphurets region in northwestern British Columbia will be the official opening this spring of the 2,200-ton-per- day Premier Gold mine, a venture involving West…
Rough ride ahead for flow-through financings
If predictions by partnership fund management officers for 1989 are to be believed, flow-through financing, which appears to have had a watershed year in 1987, is in for a rough ride. “Disaster,” Barr…
Granges earnings reflect write-down
Despite a substantial improvement in gold production and revenue from sales, Granges Exploration (TSE) reported a loss of $13.5 million or .61 cents per share for 1988, compared to net earnings of $1…