Innovations TUNNEL-BORING BREAKTHROUGH
Rumor has it there will be a major Rbreakthrough in tunnel-boring Rcoming from research on the Strategic Defence Initiative in the U.S. Millions of dollars are being spent there to have missile silos …
News
Athabaska results encouraging
Assay results have been reported for three more holes from Athabaska Gold Resources’ (VSE) Nicholas Lake property 60 miles north of Yellowknife, N.W.T. High grade gold veins in the Main zone were test…
Hardrock going underground
Hardrock Extension (TSE) has made a decision to go underground on its gold property near Geraldton, Ont. The company plans to drive a decline ramp to a depth of 150 ft on the V.G. zone and then to the…
Delta Gold gets funding
Initial discussions with bankers, brokers and consultants as to the viability of funding the building of one of the world’s largest platinum mines are meeting with success, Delta Gold NL says. In a fe…
Agnico ups stake in Dumagami to 42%
Toronto-based Agnico-Eagle Mines (TSE) has increased its direct ownership in Dumagami Mines Ltd. (TSE) to 42% by acquiring an additional 16% stake in the company from Mentor Exploration and Developmen…
More wide intercepts at Eskay
Another lengthy gold intercept has been returned from the Eskay Creek project of Calpine Resources (VSE) and Consolidated Stikine Silver (VSE) in northern British Columbia. A 10-hole, second phase exp…
Law A NECESSARY EVIL?
There appears to be a tendency for success in mine-finding to attract lawsuits. The lawsuits are advanced by lawyers on behalf of their clients, and sometimes it is the ingenuity of counsel that has e…
Viceroy to proceed with production at Castle Mountain
By mid-1989, Viceroy Resource Corp. (TSE) expects to receive the final permits to begin construction of a 8,000- ton-per-day heap leach operation on its 100%-owned Castle Mountain property in San Bern…
Letters to the Editor Mining issues in New Brunswick
The editorial “Mining a poor cousin in New Brunswick” (N.M., Dec 12/88) unjustly criticizes the level of funding provided by the New Brunswick Department of Natural Resources and Energy for exploratio…
Galactic plans $50 M U.S. offering
The U.S. investment banking firm of Drexel Burnham Lambert Inc. is to be the underwriter of a proposed $50 million(US) offering by Galactic Resources (TSE). The company’s wholly-owned subsidiary, Gala…
Profile A Miner at Heart
When John C. White was still at the lower levels of the pecking order at the Madsen Red Lake mine in the late 1950s, he and veteran geologist Doc Bishop would occasionally meet in the mine staff house…
Monique Exploration
Monique Exploration (ME) reports it has pulled off the market its prospectus for flow-through financing worth $1,266,000. Monique, formerly Monicor Exploration, planned to use the funds for exploratio…