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…
1989
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 …
American Pacific boosts earnings
Now that access has been gained to higher grade ore at the El Mochito polymetallic mine in Honduras, American Pacific Mining (TSE) is reporting a substantial increase in production and earnings. The N…
50 Years Ago UPPER CANADA MINES STARTS UP MILL
Upper Canada Mines announced this week in a letter to shareholders that its new, 150-ton mill (near Kirkland Lake, Ont.) is ready for turning over. It was expected that operations would begin Oct 5. O…
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…
LAKE SHORE TAILINGS
Squeezing more gold out of old tailings isn’t easy, but LAC Minerals has found a way. It took a full year, but the company finally has ironed the wrinkles out of its tailings retreatment operation in …
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…
VSM, Serem drill wide intersection
Drill hole 70 at the Grevet zinc project near Matagami, Que., intersected 44.2 ft (25.3 ft true width) of economic grade, the widest intersection to date, VSM Exploration (ME) and Serem-Quebec report….
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…