Iskut River road study in progress
Vancouver- based Thurber Consultants Ltd. has been selected to lead a $75,000 study of potential resource road access into the remote Iskut River area in northwestern British Columbia. The study is to…
News
Homestake acquisition boosts exposure
Assuming it goes through, the proposed acquisition by Homestake Mining (NYSE) of Esso Minerals Canadian exploration and development properties (N.M., Jan 30/89) would “represent a major re-alignment o…
Vista planning drill programs
Several prospective EM targets, the most important of which appears to coincide with the Creek shear zone, have been uncovered on the Uskik Lake property 130 km northeast of La Ronge, Sask., Vista Min…
Campbell seeks $40 million
A $40-million financing is being arranged by Campbell Resources (TSE). The cash will be used to fund the expansion of Campbell’s Joe Mann gold mine near Chibougamau, Que. Hosting reserves of 3.7 milli…
Dolphin building road at Cape Ray gold property
A 20-km access road, under construction at Dolphin Explorations’ (TSE) Cape Ray gold project in southwestern Newfoundland, is half completed, the company reports. Dolphin is building the road to reduc…
Land use dominant issue at B.C & Yukon mining meeting
In his address at the recent 77th annual general meeting of the B.C. & Yukon Chamber of Mines, President Nicholas Carter warned the mining industry that it must assume a proactive rather than a reacti…
American mining congress elects Milton Ward chairman
Milton Ward, president and chief operating officer of Freeport- McMoRan Inc., was recently elected as chairman of the board of the American Mining Congress (AMC) at the trade association’s annual meet…
People (February 20, 1989)
GOLD TORCH RESOURCES — Douglas E. McRae appointed president succeeding Jesse Martinex who remains a director.
Ojibway-Faith deal
An agreement has been signed between Faith Mines (VSE) and Ojibway Resources (ME) whereby the former has an option to acquire a 70% interest in Ojibway’s Chaste property north of Amos, Que. The agreem…
COATS Trading Features (February 20, 1989)
Atlantic Goldfields continued to be a volume leader as more than 250,000 shares exchanged hands. A control block in the company, which was previously held by a principal of Waverley Mining Finance, a …
Golden Dragon samples new property claims
Recently acquiring a 51-claim property in Summers Twp. in northern Ontario was Golden Dragon Resources (VSE). The company says the property covers a 3 1/2- mile extension of the Empire fault zone west…
Environmental shortcomings temporarily close Hope Brook mill
Milling operations at the Chetwynd gold mine operated by Hope Brook Gold (TSE) have been temporarily suspended. Situated near the southern coast of Newfoundland, the mine entered commercial production…