While some analysts talk of an encroaching oversupply of gold, international investment dealer Shearson Lehman Hutton forecasts 1989 will be marked by a persistent shortage of immediately available ma…
A number of majors were in the running, but Corona Corp. (TSE) came out the winner in its effort to strike a deal with North Carolina- based Piedmont Mining (NASDAQ). Corona recently agreed to purchas…
The Mines Accident Prevention Association of Ontario (MAPAO) recently released figures that reveal the lowest accident frequencies ever recorded in the history of Ontario’s mining industry. At the en…
Under terms to be defined in a formal option agreement, Ballatar Explorations (VSE) intends to provide the necessary financing to bring the Shumagin gold-silver mine into production. The company can e…
As soon as weather conditions permit, Blue Emerald Resources (VSE) plans to begin a comprehensive exploration program on two recently optioned claim blocks located about four miles west of Calpine Res…
An economic evaluation of the Canty deposit near Hedley, B.C., is slated to begin in March under the direction of Corona Corp. (TSE). The study follows completion of the 1988 drill program on a number…
High grading silver values have been assayed from two drill holes completed by Acadia Mineral Ventures (TSE) and Seabright Explorations (TSE) on their Tetagouche property, 30 km west of Bathurst, N.B….
Mining and milling operations at the Puffy Lake mine in north central Manitoba will be reduced and suspended over the next three months while Pioneer Metals (TSE) seeks to identify an operating plan t…
Two blocks of claims in the Lac St. Jean area of Quebec have been acquired by Toronto-based Regal Goldfields (COATS). According to President Douglas Bannerman, the first property comprised of 18 claim…
Oneida Resources (VSE) has received encouraging results from initial exploration on its Mexican Hat property in Cochise Cty., Ariz. Of 74 surface samples taken, 36% assayed in excess of 0.01 oz gold p…
Sonora Gold Corp. (VSE) reports for the year ended Dec 31 a net loss of $4.6 million or 26 cents per share on revenue of $36.5 million. For the same period a year earlier the company reported a net l…
John Hansuld is contemplating his future in the mining industry after resigning recently as president and director of Toronto-based Canamax Resources (TSE). Reached at his home in Mississauga, Ont., H…
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