Duration, Aurogin active at Batchewana
Duration Mines (TSE) is allowing its Theresa gold property to flood as a cost savings measure. The company explains that the cost of keeping the underground workings dry far exceeds the cost of future…
News
Cyprus adopts protection plan
Cyprus Minerals Company has adopted a complex rights program which its chairman, John Duncan, claims will provide “additional protection against abusive takeover tactics, such as partial tender offers…
1988 — a year for important Quebec developments
In Quebec, 1988 was marked by the completion of important development projects which came to fruition. Seven gold and two base metal mines went into production, with gold production during the first n…
Explorers say it’s cheaper to find gold in Nevada
The recent announcement from Great Britain that Minerals and Resources Corp. (Minorco) has been given the go ahead to bid for Consolidated Gold Fields sparked renewed interest in the Nevada gold belt….
Metal Prices FUTURES PRICES (March 06, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar137.20 135.50 136.70 + 2.20 Apr132.00 132.00 134.20 + 3.10 May131.50 128.00 131.2…
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….
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…