News

Shortage leads to `black market’ for sodium cyanide

Sodium cyanide, essential in the recovery of most gold produced today, is in such short supply that a “black market” has developed for the chemical driving prices up sharply for those without an assur…


Montreal Exchange Mining issues stronger

Resource issues put on a strong show this week, with the mining and minerals index moving up more than 54 pts. In comparison, the general market portfolio index gained slightly more than 9 pts. Daily …


Lac gets $48 for Stillwater

A one-third interest in the Stillwater platinum-palladium operation in Nye, Mont., is being sold by LAC Minerals (TSE) for $48 million(C) to its two project partners. Operator of the mine, which opene…



Calpine Winter Drill Program In Full Gear

Encouraged by the impressive results of an earlier 6-hole diamond drill program, Calpine Resources (VSE) is now in full gear with its winter diamond drill program on the Eskay Creek project located no…


China will host 1990 World Mining Congress

A call for papers has been issued by the organizing committee of the 14th World Mining Congress and Exhibition. “Mining for the future — trends and expectations” is the theme of the congress which wi…



Book Review Oil prospecting

Walter Guppy has probably seen more of Vancouver Island than any other prospector alive today and he’s recounted his experiences in a paperback called WetCoast Ventures: mine finding on Vancouver Isla…


BHP-Utah backs out of Snow Lake deal

The Snow Lake gold property in Manitoba owned by Silver Hart Mines (VSE) and subsidiary Snow Lake Mines (VSE) won’t be optioned by BHP- Utah Mines after all. Although no reason was given for the decis…


Cameco pleased at Hanson Lake

Economic grades of copper and zinc with associated silver values have been intersected over a strike length of 2,000 ft on the Hanson Lake property controlled by Cameco — A Canadian Mining and Energy…


Tundra acquires Lamaque option

Tundra Gold Mines (VSE) has acquired an option to purchase the 50% interest in the Lamaque gold mine property held by Teck Corp. (TSE). Lamaque, which shutdown in 1985 after 50 years of production, is…


Biron Bay options NovaGold gold bet

A definitive agreement is expected within 3-4 weeks which will see a 78% interest in the Summit gold property in New Mexico go to Biron Bay Resources (TSE) and Steeple Rock Mining in exchange for expl…


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