KIERENS
e small, 250-ton-per-day (230- tonne-per-day) Kierens gold mine, near Malartic, Que., could become slightly larger if a feasibility study on the adjoining Norlartic property pans out. Aur Resources, …
1989
Inco reports Snow Lake reserves
A new reserve calculation has been completed by Inco Gold, a wholly-owned affiliate of Inco Ltd. (TSE) for the former producing Snow Lake gold mine in Manitoba. Held under option from High River Gold …
Innovations VERTICAL RETREAT
Back in the early 1980s, Inco was losing $2 million a day. The company had to find ways to cut costs and improve productivity. It did, and the single biggest factor was a shift to vertical retreat min…
50 Years Ago BASE METALS DEAL INVOLVES ALL CANADIAN PRODUCERS
By the end of this week it may be possible to conclude and announce a new deal on Canadian base metals in which all Canadian producers, not simply the “big four,” will participate. In Ottawa, a confer…
Int’l Coast completes study on Polish project
Although risk factors concerning the political environment were n’t taken into account, International Coast Minerals (VSE) has received a positive pre-feasibility study by Wright Engineers for its pro…
50 Years Ago SULLIVAN RESERVES RISE BY 50%
A gain of more than 50% in tonnage and in total value of ore reserves is reported by Sullivan Consolidated Mines as a result of the excellent results of development work on the new deep levels during …
Placer Dome to explore Wheaton River
Although still subject to shareholder and regulatory approvals, Placer Dome (TSE) has secured an agreement allowing it to explore and develop a large land package held by Skukum Gold (VSE) in the Whea…
Coleraine gets grant
Ressources Minieres Coleraine (ME) has received a $100,000 grant from the Quebec and federal governments. The money will fund a portion of a first-phase evaluation of the company’s ferrochrome project…
Suggestion Box MORE ON GEOSTATS
About 80% of the exploration budget of mining companies is devoted to the search for gold deposits. Over a 10-year period, this exploration effort has resulted in the discovery of gold mines with a va…
Forbex hoping to raise funds
A preliminary prospectus has been filed by Ressources Minieres Forbex (ME) with the Quebec Securities Commission for an offering of common shares, flow-through shares and warrants worth up to $1.625 m…
Noranda’s Geco seeks prospecting rush
Noranda Inc. (TSE) could use a little help from junior exploration companies in finding a new base metal deposit in the Manitouwadge area, and new geophysical surveys could provide the incentive to at…
Golden Zone in deal with Placer Dome U.S.
Anchorage-based Golden Zone Resources (VSE) has signed a letter of intent granting a U.S. subsidiary of Placer Dome (TSE) an option to earn a 60% interest in its 100%- owned Golden zone property in Al…