American miners favor bonus plans
A recent survey shows a steady growth in the use of incentive schemes by miners in the U.S. Of the 156 mines surveyed, 42% reported that they have a bonus plan in place, compared with 35% last year, 2…
1990
Tenajon sights visible gold at SB
Core from the first four surface holes drilled this season on Tenajon Resources’ (TSE) SB property near Stewart, B.C., is reported to contain intersections with “significant sightings” of visible gold…
Inco expanding research lab
A $12-million expansion is under way at the main research and development laboratory of Inco (TSE) at Sheridan Park in Mississauga, Ont. First phase of the expansion will involve construction of a new…
Metal Prices FREE MARKET (August 27, 1990)
London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date August 21 August 20 August 17 August 16 August 15 Copper 1542-1544 1552-1553 1577-15…
Asarco extends Taseko drilling
Additional assays were released by Westpine Metals (VSE) from recent drilling on the Taseko copper-gold project, 140 miles north of Vancouver, B.C. The drill program is being funded by a unit of Asarc…
Agnico raises $27.6 million for projects
Through a proposed public offering of 3.2 million units, Agnico- Eagle Mines (TSE) will raise $27.6 million for its exploration and development projects. The units, offered on a “bought deal” basis by…
Mining rate declining at Kidd Creek
Officials at Kidd Creek Mines, Falconbridge Ltd. and Noranda (TSE) are playing down suggestions that the world-class mining facility is on its last legs. For the past year there has been a growing con…
Ego financing
Toronto-based Ego Resources (TSE) has arranged a private placement of 1.25 million units at 40 cents per unit with Nanisivik Mines, a unit of Conwest Exploration (TSE). The units consist of a mixture …
Falconbridge spending $10 m this summer at Ungava project
Falconbridge Ltd. expects to complete 75,000 ft. of drilling on its remote Ungava, Que., nickel deposit before freeze-up occurs at the remote location later this month. While a Falconbridge official s…
Positive results from Tulsequah Chief
Impressive assay results from the first hole drilled this season at the Tulsequah Chief polymetallic project in northwestern British Columbia have prompted partners Cominco (TSE) and Redfern Resources…
Jury out on discovery in Galore Creek camp
Reports of a significant new discovery in the rugged and remote Galore Creek region of northwestern British Columbia have generated another flurry of speculative trading on the Vancouver Stock Exchang…
U.S. REPORT Oracle Ridge coming along
Production is expected to begin in the third quarter of 1990 at the Oracle Ridge project being developed by South Atlantic Ventures (VSE). The company reports that the mining contractor is proceeding …