Pegasus opens Montana mine
The Montana Tunnels project of Pegasus Gold was officially opened last week. Over 500 guests attended the commissioning of one of the lowest grade, conventional gold mining operations in the world ne…
News
Win-Eldrich nears decision on U.S. gold-molybdenum bet
A production decision could be made within a year on a gold- molybdenum property in northern Nevada, Win-Eldrich Mines President Reuben Brant said at the annual meeting. The Ashdown property, located …
Asamera acquires huge U.S. prospect
A subsidiary of Asamera Inc. says it will immediately start a preliminary exploration program on what is described as one of the largest single underexplored mineral prospects in the state of Nevada. …
Test program completed on City’s Cinola deposit
Bench-scale metallurgical test work on various ore types from City Resources’ Cinola gold deposit in the Queen Charlotte Islands yielded a recovery rate greater than 90, says the company. The test pro…
Morono studies core samples
Preliminary results have been obtained by Morono Mines from 37 holes drilled over three gold- bearing zones on the Verneuil Twp. property located northeast of Senneterre in northern Quebec. The compan…
Getty to explore Nevada property
Vancouver-based Getchell Resources has granted Getty Resources the option to earn an interest in an epithermal precious metal deposit in Humboldt Cty., Nev. Under the agreement Getty can obtain a 50% …
Inco charged in connection with Levack mine deaths
Charges have been laid against Inco and two Inco foremen in connection with an April 14 accident that killed four miners at the company’s Levack nickel mine in Sudbury. Inco has been charged under Ont…
Nuinsco announces flow through deal
To finance exploration costs on a number of properties, Toronto- based Nuinsco Resources has reached a flow-through share financing agreement with Echo Bay Mines. Under the agreement Nuinsco will sell…
Alberta Stock Exchange Trading lacklustre (July 06, 1987)
While trading on the Alberta Stock Exchange continued to be lacklustre, McSev Exploration was the week’s outstanding issue with 727,200 shares traded. McSev, which remained steady to close at 40 cents…
Editorial Goodbye buck, hello coin
“The average guy on the street loves the coin.” Goodbye dollar bill, hello dollar coin. We’re not quite sure how the Royal Canadian Mint’s communications director, Murray Church, can be so positive …
Nexus in venture in Toodoggone
Nexus Resource Corp. has concluded a joint venture agreement with St. Joe Canada and Imperial Metals Corp. on their Silver Pond property in the Toodoggone area of B.C. Under the agreement Nexus will i…
Magino results continue pleasing
A $7-million surface and underground exploration program at the Magino joint-venture project in the Goudreau area of northern Ontario continues to obtain encouraging results, J. T. Flanagan, president…