Viceroy impact report bodes well for project
An environmental impact report prepared for Viceroy Resource Corp.’s (TSE) Castle Mountain project in California concludes the proposed operation meets regulatory requirements and has “no significant …
News
Gold market in short supply: Shearson Lehman Hutton
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…
Corona purchase of Piedmont shares expected to increase Haile
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…
Ontario mining industry set new record for safety
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…
Ballatar to finance Alaskan gold project
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…
Blue Emerald Plans Surface Work for New B.C. Projects
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…
Corona begins evaluation of Canty deposit
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…
Rich silver for Acadia
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….
Puffy Lake mine faces uncertain future
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…
Regal Goldfields gets Lac St. Jean claims
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 gets drill results from Mexican hat project
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…
Earnings Reports (March 27, 1989)
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…