News


Gold STandard in finance deal

Utah-based Gold Standard Inc. which is challenging American Barrick Resources’ (TSE) right to own the Mercur gold mine has announced a $2.25-million financing agreement with FCMI Financial Corp. of To…


Editorial Keeping the lid of Tech Transfer

Here’s a curious piece of information. U.S. mining men, it seems, are more fired up about technology transfer than are Canadian miners. Six months ago two international mining journals, published in…


Letters to the Editor (August 08, 1988)

As a McNellen shareholder, I am a little disappointed at the skepticism you imply as to the latest estimates of McNellen’s ore reserves (now eight million tons of 0.25 oz gold per ton) and thought to …


Pegasus to start up Montana mine

With state operating permits now in hand, Pegasus Gold (TSE) is targeting start-up and commissioning this fall of its open pit heap leach Beal Mountain mine located 16m southwest of Butte, MN. And onc…


Montreal Exchange Trading volumes off

Whether or not the hot weather of late has made investors sluggish remains to be proved, but the stock market could use an injection of something to get it moving. In Montreal this past week, light tr…


An unforgettable metals millionaire

Goldfinger. What’s it like, working for a man in the metals world who was the real life model for the character of that name in the James Bond story? The author, Ian Fleming, ex- British naval intelli…


Eastmaque reports good first year

Looking back on its first year of operations — a time some juniors meet their Waterloo — Eastmaque Gold Mines (TSE) can add up a respectable 19,858 oz gold produced from a heap leach project in Cali…


Quebec mining ventures studied

A report published this year on mining projects in Quebec operated by French-Canadians says the typical enterprise has about 4 million shares in circulation which are in the hands of 400 shareholders….


Hope Brook reports output of 18,629 oz

Gold production of 18,629 oz was reported by Hope Brook Gold (TSE) for the first six months of 1988 from its Newfoundland mining operation. Production at the site was suspended for the winter and did …


Ex-directors of Seabright sued

The Australian mining company which earlier this year took over east-coast gold producer Seabright Resources is suing the former directors of the Canadian company for $60 million(C). Western Mining, t…


Chesbar, Murgold report continued high gold values

Underground drifting on the 400-ft level at the Chester Twp. gold project in northern Ontario has confirmed the strong downward continuity of the No 3 vein system, Murgold Resources (TSE) President Ch…


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