Permitting under way for Goldstake project
The Whitewood Creek gold tailings project near the Black Hills of South Dakota is in the initial stages of mine permitting, Goldstake Explorations (TSE) reports. Goldstake’s joint venture partner in t…
1990
Alberta Stock Exchange Biron Bay up 30 cents
A recent progress report by Biron Bay Resources on its 60% owned Summit gold project in New Mexico has led to a 30 cents gain in that company’s share price. Biron traded 109,100 shares to close at $1….
Mining and the Environment Accounting for future environmental
Among the factors that influence the levels of risk and profitability for mining are the twin costs of environmental protection and site rehabilitation. Obtaining permits can delay development for mon…
Golden Marlin plans follow-up at gold bet
Saskatoon-based Golden Marlin Resources (VSE) is planning a follow-up exploration program on the Northwest Gold joint venture property, near Yellowknife, N.W.T. Phase one of the program will include d…
Safety must be a priority for exploration industry
In the fall of last year, the prospecting industry in Ontario received notice from the Workers’ Compensation Board (WCB) that its assessment rates for 1990 would be raised by a staggering 15%. The inc…
Metal Prices FUTURES PRICES (December 10, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Dec 114.10 111.70 112.95 + 0.75 Jan 110.50 110.00 110.50 — 0.50 Feb. 109.30 108.70 109.20 + 0.85 SILVER (in US c…
Big boost in reserves at New World
A successful 1990 drilling program at the New World project in Montana has enabled Crown Butte Resources (TSE) to report a substantial increase in preliminary reserves over those released at the end o…
Conwest income reflects lower zinc prices
For the first nine months of the year, Conwest Exploration (TSE) reported net earnings of $9.7 million (62 cents per share) compared with earnings of $12.2 million (93 cents per share) during the same…
COATS (over-the-counter) Golden hopes take shape
Heavy trading of Golden Hope Mines this week coincided with the company’s release of encouraging results from the Bellechasse gold project south of Quebec City. Grab samples laced with visible gold, i…
Crown optimistic about Pinon based on results from 18 holes
Results from the first 18 holes of a 30-hole program on the Pinon Range project have owner Crown Resources (VSE) optimistic about the property’s potential. Significant results from the program are lis…
Checking it twice
The computer was to have eliminated most of the memos, missives and managerial decrees that circulate within departments, between departments and from head office to the operating mine. The computer d…
What’s new
North Safety Products Rexdale, Ont.-based North Safety Products is selling two new items: an improved Model 9880 air-purifying respirator and the LSF 2075 style full-body harness. The respirator is eq…