Santa Fe boosts reserves at Rabbit Creek
A significant increase in gold reserves was announced by Santa Fe Pacific Minerals, a unit of Santa Fe Southern Pacific (NYSE), for its 100% owned Rabbit Creek gold mine project, 35 miles northeast of…
1990
Metal Prices FUTURES PRICES (January 15, 1990)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (HG) (in US cents per lb.) Jan112.80 110.80 110.80 + 4.00 Feb110.70 110.70 110.70 + 4.00 Mar112.50 110.00 110…
Breakwater makes offer to acquire El Mochito
Gold producer Breakwater Resources (TSE) has announced plans to acquire all the outstanding shares of American Pacific Mining (TSE) which owns and operates the profitable El Mochito polymetallic mine …
News in Brief (January 15, 1990)
Coin Lake Mines has changed its name to United Coin Lake Gold Mines (UCM:TSE) on a 1-new- for-2-old-share basis. Transfer agent is Central Guaranty Trust Company.
Insider Trading Geddes Chairman sells shares as Windy Craggy
Geddes Resources’ (TSE) Chairman Geddes Webster recently took advantage of some of the speculation surrounding the company’s Windy Craggy copper project in northern British Columbia. After exercising …
Shasta mining in the Toodogone area
Mining began late last year at a rate of 1,000 tons per day at the Shasta gold-silver property, owned by International Shasta Resources (VSE), in British Columbia’s Toodogone area. A reserve of 115,00…
Skyrocket seeks injunction through Securities Commission
Skyrocket indicates that it will seek a hearing by the British Columbia Securities Commission in an effort to get an injunction on the trading halt of the company. On Jan. 8, the application for monet…
Alberta Stock Exchange Kingswood big trader
As drill rigs are already up and running across the continent, after the Christmas break, it is hardly surprising that some of the junior mining issues were among the volume leaders. For the week ende…
Robinson litigation is settled
Now that the Robinson gold mine litigation is officially settled, Alta Gold (NASDAQ) and partner Echo Bay Mines (TSE) expect to produce about 115,000 oz. gold at Robinson in 1990. Kennecott recently g…
Mexican Hat high grade
Several high-grading intersections have been drilled by Placer Dome (TSE) on the Mexican Hat gold property held under option from Oneida Resources (VSE). Placer’s drilling in hole 54 cut a 40-ft. sect…
Mine reclamation
L.R. Hossner’s Reclamation of Surface-Mined Lands, a 2-volume set, provides information on restoring surface-mined lands to a productive and aesthetically acceptable form. It addresses the primary pro…
B.C. prospecting course offered
Cowichan Lake, Vancouver Island, will once again be the scenic setting for the advanced prospecting course offered by the British Columbia Ministry of Energy, Mines and Petroleum Resources. The 14th a…