Major General drills Pickle Lake claims
Drilling is under way on three of Major General Resources’ (TSE) wholly owned properties near Pickle Lake, Ont. With a $300,000 budget in hand, Major General plans to test six separate targets before …
1991
U.S. REPORT Galactic likely to close Summitville mine
Low volumes of gold production and high mine operating costs were cited by Galactic Resources (TSE) as the reasons why it is unlikely to resume mining operations in 1991 at its wholly owned Summitvill…
James named director of troubled Campeau
Within weeks of his appointment as president and chief executive officer at Denison Mines (TSE), Bill James has been named a director of Campeau Corp., a beleaguered real estate development company. J…
U.S. REPORTS USMX discovers 3 new gold zones at Yankee project
As many as three separate gold deposits were reported to have been uncovered by USMX (NASDAQ) during a recent 116-hole drilling program on the North Yankee property in White Pine Cty., Nev. USMX repor…
Athabaska now waits for Chevron to sell Nicholas Lake stake
Vancouver-based Athabaska Gold Resources (TSE) says it has been unable to raise the financing needed to buy partner Chevron Minerals’ 40% stake in the Nicholas Lake gold project north of Yellowknife, …
LETTERS TO THE EDITOR They killed the moose that finds gold
The moose with the habit of selective browsing over gold-bearing bedrock, as described by Hugh Coulson in his letter (T.N.M., Dec. 31/90), is a captivating example of the unexplainable. The picture sh…
LAC still seeks pay dirt on Queenston’s ground
LAC (TSE) recently intersected low-grade gold mineralization across narrow widths while drifting on the 4,750 ft. level beneath Queenston Mining’s (TSE) Kirkland Lake West claims near Kirkland Lake, O…
Lawyers’ grade up by 25% – After downgrading tonnage
Underground development work by Cheni Gold Mines (TSE) on the Cliff Creek zone at the Lawyers mine in north- central British Columbia indicates minable grades will be 20-25% higher than anticipated. T…
B.C. copper smelter studied
A preliminary feasibility study recently concluded that a copper smelting facility on the coast of British Columbia would be economically viable. A Vancouver-based firm headed by former Cominco execut…
Beama sees 225,000 oz. a year from Chile
Armed with a positive preliminary feasibility report, Bema Gold (TSE) is aiming to bring on stream a heap leach gold mine in Chile with an annual production rate of about 225,000 oz. gold. That repres…
OBITUARY John Morgan
John Morgan, an industrial minerals geologist, died recently. He was 76. Born in Winnipeg, Man., Morgan had a B.Sc. from the University of Manitoba and a Ph.D. from the University of Wisconsin. From 1…
Vancouver Stock Exchange .Pezim continues to trade
The Vancouver Indices fared poorly over the week ended Jan. 15 as investors pulled their bids and hopped on the fence to wait out the next chapter in the Middle East crisis. The result was a 19.41-poi…