Lord River results from Nevada program
Drilling at Lord River Gold Mines’ (VSE) Trout Creek option 15 miles southeast of Carlin, Nev., has generated some encouraging results. In the Southern Jasperoid zone, gold mineralization has been out…
News
Corona options Varna property
Corona Corp. (TSE) has acquired an option on the Mings Bight gold property from Varna Gold (ASE). Near Baie Verte, Nfld., the Mings Bight property includes 7,000 acres of ground on which several gold …
United Lincolm, BP fast-track plans for B.C. gold-copper play
A bulk tonnage low grade gold- copper deposit in British Columbia is being fast-tracked toward development by partners United Lincoln Resources (VSE) and BP Canada Resources (TSE). Located 45 km west …
Toronto Stock Exchange Golds and metals provide boost to index
A much-needed 21-pt boost helped move the composite index to a close of 3,294.68 pts. That represents a 48-pt gain during our review week. Today’s gains came on the backs of golds and metals which eac…
Galactic takes $40 million write-down for Summitville
A $40 million(US) write-down has been taken by Galactic Resources (TSE) for its Summitville mine in Colorado. And Galactic chairman, Robert Friedland, is now downplaying the operation’s importance in …
Call for coal papers
Organizers of the 4th Coal Operators Conference, to be held in Tumbler Ridge, B.C., Sept 13-15, 1989, have issued a call for papers. Papers related to operating functions of producing coal mines or to…
Franco-Nevada to explore Redstone copper deposit
Franco Nevada Mining (TSE) which holds a royalty interest in the huge Goldstrike gold mine in Nevada, has agreed to acquire a major slice of a large Northwest Territories copper deposit. In a bid to b…
Broulan results
Net earnings for the first nine months of 1988 for Broulan Resources (TSE) was $1 million or 15 per share compared to $694,961 or 10 per share for the first nine months of 1987. At the main property…
Vista pours gold brick
Milling of the bulk sample consisting of 10,000 tons is continuing at Vista Mines’ (TSE) Bootleg Lake gold mill near Creighton, Sask. A pour of 404 oz dore has been completed. The ore currently being …
Letters to the Editor Gold-Platinum deposits
Professor Jerry White states that gold and platinum can never be found in the same ore (N.M., Oct 17/88). I suggest Professor White do some research on the Coronation Hill gold-platinum deposit in Aus…
Record quarter for Coeur D’Alene Mines
Lower production costs and increased gold output at the Rochester mine were factors which contributed to a record third quarter for Coeur D’Alene Mines. The company reported third- quarter income of $…
Spot prices at a glance (December 05, 1988)
Week’s Price (US) Change Gold (per oz) $421.30 -$ 3.35 Silver (per oz) $ 6.07 -$ .04 Platinum (per oz) $602.00 -$34.00 Copper (per lb) $ 1.54 +$ .01 Lead…