Atlantic Report Nova Scotia operations reduced
Twelve months ago, drill rigs were at a premium in Nova Scotia as companies rushed to qualify flow-through expenditures for the 1987 tax year. This February, you could count the number of drills opera…
News
Coeur D’Alene has record year
Even with lower metal prices, 1988 was the best year in Coeur D’Alene Mines (Amex) history, according to the company’s president, Dennis Wheeler. Net inco me was $15.4 million(US) or $1.45 per share…
Magnacon’s head-grade potential up
A bulk sampling program completed at the Magnacon mine project has yielded mill head grades up to 81% higher than the uncut chip sample averages, partners Muscocho Explorations (TSE), Flanagan McAdam …
Orofino seeks cash source to replace Scadding gold
With 20 months of reserves remaining at its Scadding gold project near Sudbury Ont., Orofino Resources (TSE) is under pressure to find a new source of cash flow among its portfolio of exploration prop…
Lamaque reserves up
Drilling has added tonnage to known reserves at the Lamaque gold project, operated by Teck Corp., (TSE) and partner Tundra Gold Mines (VSE). Using drill data supplied by Teck, Tundra has estimated res…
WAMIC dinner
The Women’s Association of the Mining Industry of Canada, held its annual scholarships and bursaries dinner recently at the Engineers’ Club, in Toronto. Christopher Gomes, a Fourth- year student in Me…
Placer Dome mine fatality
No cause has yet been determined for an accident at Placer Dome’s (TSE) Dome mine in South Porcupine, Ont., on Feb 20 that claimed the lives of three miners. The three men — Lionel Legault, 47, of So…
Mountain West Elkhorn reserve
Mountain West Resources (VSE) has calculated a new geological reserve for its Elkhorn property in Montana. The new reserve study indicates some 786,000 tons averaging 0.1 oz gold or 530,000 tons gradi…
Corona/Golden Nevada drilling near Nickel Plate mine
In a push to increase and find new reserves to eventually feed its mill near Hedley B.C., Corona Corp. (TSE) is currently operating five diamond drill rigs on a number of properties near its producing…
Ego funding Asquith Twp. drill program
Joint venture partners Ego Resources (TSE) and Asquith Resources (COATS) report encouraging gold values have been returned from recent drilling on their Asquith Twp. property, located south of Shining…
Book review
Majors call the tune on early-stage U.S. gold exploration agreements ** In a new study entitled Current U.S. Gold Exploration Agreements, Metals Economics Group has listed information on 470 early-sta…
COATS Trading Features (February 27, 1989)
The total value of trades on COATS increased to more than $41 million last month, up from a low of $22 million during December. Asquith Resources was a busy trader this week with 79,000 shares changin…