Bull Run problems
Bull Run Gold Mines (NASDAQ) is anticipating a significant cash flow deficit in 1989 due to operating problems and a cost over-run at the Big Springs gold mine operated by Freeport-McMoran Gold Co. Pr…
News
$1.6 million program for Weedy Lake
A 2-phase $1.6-million exploration program could begin next month on the Weedy Lake gold property owned by Golden Rule Resources (TSE), Tyler Resources (TSE) and Cameco — a Canadian Mining and Energy…
Barrick options Mirandor property
An agreement has been reached between Mirandor Exploration (ME) and American Barrick Resources (TSE) whereby the latter may earn a 60% interest in the Halliwell property in the Rouyn- Noranda, Que., a…
Peruvian strike over
An end to the 8-week-old miners’ strike in Peru appears to be over. The government and miners’ union federation reportedly have signed an accord which will send the country’s 60,000 miners back to wor…
COATS trading features (December 19, 1988)
This week, mining issues drifted slightly lower on thin volume. Exxeter Resources continues to be one of the few active traders. It was slightly better this week with 218,000 shares traded in the 37 …
Chutine gets option
Chutine Resources (VSE) has acquired an option to buy a 49% interest in a Mexican mining company which owns several gold, silver and copper deposits in Sonora state. Chutine will issue up to 17 millio…
Former Noranda researcher occupies Queen’s Mine design chair
Queen’s University’s $1 million Chair of Mine Design has been filled by Professor William Bawden, a former researcher with Noranda Inc. The chair, funded by the Ontario Ministry of Northern Developmen…
Canalaska begins underground program
Underground drilling is now in progress at the Central Zeballos gold property, a former gold producer located about five miles from Zeballos on Vancouver Island, B.C. The program is operated by Canala…
Sampling program yields impressive results for Cactus West
Although still an early stage project, Cactus West Explorations (VSE) reported some impressive values from a preliminary exploration program on its Missouri gold property, one of three adjoining prope…
Westgate has major plans
Westgate Mines Limited of Calgary, Alta., plans to launch a major gold development approximately 50 miles northeast of Hanes, Alaska. The property is situated on the British Columbia/Alaska border, on…
Suntac looks to revive Polaris-Taku mine
The Polaris- Taku mine in northwestern British Columbia which produced 230,000 oz gold from ore grading 0.47 oz from 1938 to 1951, is being evaluated by Suntac Minerals (VSE) for its potential to agai…
HSK and Joutel shuffle Queenston Gold assets
Toronto-based HSK Minerals (TSE) and Joutel Resources (TSE) have signed an agreement in which HSK will buy two million common shares of Queenston Gold Mines (TSE) from Joutel. In return, Joutel will r…