Editorial Added bureaucracy
Quebec Mines Minister Raymond Savoie has been openly critical of the Canadian Exploration Incentive Program, the federal government program that changes flow-through share investment benefits from a t…
News
Sun Valley rehabilitating United Western mine shaft
Rehabilitation work is under way at Sun Valley Gold Corp.’s (VSE) United Western project near Oatman, Ariz. The Arizona Central Shaft is presently being refurbished to allow access to existing undergr…
News in Brief (November 28, 1988)
Consolidated Andex Resources has changed its transfer agent to Pacific Corporate Services.
Sampling seminar
The Toronto Geological Discussion Group is sponsoring a seminar entitled Sampling, Sample Preparation and Assaying — The Basics, and How They Affect Ore Reserve Estimates. A topic of considerable int…
Bitech Energy drill results
Additional drill results from Bitech Energy Resources (ASE) continue to confirm the significance of the company’s gold discovery at its Nugget Pond property near Betts Cove, Nfld. Discovered earlier…
Newmont’s move results in $8.8 million loss
The decision by Newmont Mining Corp. (NYSE) to move its head office from New York to Denver in 1989 generated an $8.8 million loss for the third quarter, compared to a $21.4 million profit a year earl…
INSIDER TRADES (November 28, 1988)
Canaustra Gold — Black Hill bought 80,500 (Oct) to hold 650,631. Cliff — J. Bates sold 6,500 (Oct) to hold 187,500. Cons Norex — Graymont bought 50,400 (Oct) to hold 2,870,942. Dolphin — P. Brown …
Orex updates reserves
A detailed drilling campaign is planned by Orex Exploration (ME) for the Goldboro property in Nova Scotia; Orex is earning a 50% interest in the project from Onitap Resources (TSE). Probable and possi…
Denison to spend $1 million on Guyana gold bet
Toronto-based Denison Mines (TSE) and little-known South American Goldfields (COATS) are set to launch a $1-million exploration program for gold in Guyana, South America. The program was given the go-…
Noranda Resumes Drilling of Pacquet Project
A renewed program of diamond drilling is under way on the Pacquet project in the Baie Verte Peninsula of Newfoundland. The project is a 50/50 joint venture between Noranda Exploration and Prime Capita…
Claude awaits project study
A prefeasibility study is expected within weeks for Claude Resources’ (TSE) Seabee gold property in Saskatchewan. Being prepared by A.C.A. Howe International, a mining consulting group, the study will…
Finor drill results
Confirmation of gold mineralization on Courville Twp. property located about 20 miles northeast of Val d’Or, Que., has been reported by Finor Exploration (ME). Finor, optioning the property from Parqu…