1989

Mining operations were recently suspended at the Spotted Horse underground gold mine operated by Chelsea Resources (TSE). The company indicated that resumption of operations at the Montana mine would …

High River Gold Mines (TSE) has received $1 million in incentive grants from the Canadian Exploration Incentive Program. An additional $500,000 is expected to come from Inco Gold, a wholly owned affil…

A decline ramp being driven into the Cove gold deposit in Nevada is less than 65 ft from the underground ore zone, Echo Bay Mines (TSE) reports. The ramp, about 600 ft below surface, is designed to mi…

The highlight of the 1989 exploration year for Imperial Metals Corp. (TSE) was the advancement of the Mount Polley copper-gold deposit located northeast of Williams Lake, B.C. This bulk tonnage projec…

A number of issues are emerging as Canadian business organizations assess the impact of the proposed federal Goods and Services Tax (GST). To assist in this analysis, tax specialists Barry Dent and Jo…

Spearheaded by mining executive Malcolm Slack, Deak Resources (TSE) has been organizing and assembling gold and base metal properties in the Rouyn-Noranda, Que., and Virginiatown, Ont., areas with the…

Earnings for Vancouver-based Gibraltar Mines (TSE) were the company’s best in nine years. Nine-month results for the period ended Sept 30 reached $19 million, or $1.58 per share, compared with net ear…

A decline in world antimony prices has forced Dominion Explorers (TSE) to seek federal government support for a work-sharing program at its New Brunswick antimony mine. Dominion said a 12% reduction i…

Major world silver producer Peru is on a stockpiling binge. The country’s Central Reserve Bank is reported to be buying production from domestic mines a t a 5% price premium. The stockpiling of silver…

A green light for road access into the Iskut River gold camp of northwestern British Columbia is likely to mean approval for the Snip gold deposit. According to Prime Resources (VSE), which has a 40% …

A new underground drilling program at the gold property belonging to Armistice Resources (ME) at Virginiatown, Ont., will be undertaken using the idle underground workings of the adjacent Kerr mine. G…

Glencairn Explorations (ASE) plans to begin diamond production from its Feijao Cru project in Brazil by May, 1990, with full production at a rate of 240 cubic metres per day scheduled to begin by Sept…