QUERY Augdome acquired New Augarita assets
We recently discovered a share certificate for New Augarita Porcupine Mines dated June 9, 1939. The stock belonged to my wife’s late father. We would like to know if these shares are still valid, what…
1990
Juniors need `fair taxation’ to meet exploration targets
The British Columbia and Yukon chamber of Mines has been monitoring mineral exploration expenditures in British Columbia and the Yukon for at least 30 years. During this period, metal exploration expe…
Airborne survey results awaited at Hixon project
Preliminary results of an airborne geophysical survey at Hixon Gold Resources’ (VSE) 4,000-acre Skidoo property near Prince George, B.C., are expected to be available this month. The wholly owned prop…
Price of gold is following downward trend
The recent drop in the gold price to $345.50, a 4-year low, is part of an overall decline in the value of the metal, some analysts suggest. Although gold had picked up to $347 recently as investors to…
Toronto Stock Exchange Replay of Hemlo excitement in store at Eskay
The exciting Eskay Creek gold play in northwestern British Columbia’s Stikine Arch helped an otherwise dreary gold sector shake off some lethargy during the week ended June 19. Analysts had predicted …
Reserve figure for Varna, Corona project
A preliminary reserve estimate has been released by Varna Gold (ASE) for the company’s Ming’s Bight gold property under option to Corona (TSE) in the Baie Verte area of Newfoundland. Based on 79 drill…
Placer modifies mine plan
As a result of lower than expected head grades and higher than expected operating costs, joint venture partners Placer Pacific and ACM Gold have revised their mining plan for the Big Bell mine in West…
Books In Review
Innovation in Mining Backfill Technology is an excellent snapshot of the state-of-the-art of mining backfill worldwide. It consists of papers presented in a symposium at McGill University in Montreal,…
PEOPLE TYRANEX GOLD MINES
Robert Cudney appointed president and chief executive officer; Thomas Pladsen appointed treasurer and chief financial officer; Bruce Taylor appointed to the board.
Val d’Or option deal
An option to earn a 50% interest in 22 claims adjacent to the Bardome zinc deposits in Quebec’s Barraute and Fiedmont twps., has been acquired by Ressources Val d’Or (ME) from Noranda (TSE). To earn i…
FUTURES PRICES (June 25, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) June 115.60 114.40 114.60 + 2.10 July 115.30 112.80 113.00 + 2.40 Aug 112.00 112.00 111.60 + 2.00 SILVER (in US c…
Craibbe plans drilling near Campbell mine
Toronto-based Craibbe-Fletcher Gold Mines (COATS), a subsidiary of Placer Dome (TSE), is planning an underground exploration program on its property adjacent to Placer’s Campbell mine near Red Lake, O…