Athabaska drills at Nicholas Lake
With financial backing from Royal Oak Mines (TSE), Vancouver-based Athabaska Gold Resources (TSE) has begun drilling at its 60% owned Nicholas Lake gold project north of Yellowknife, N.W.T. Royal Oak …
1991
Study estimates 18% return at Holloway project
A feasibility study recently completed on the Lightning gold zone near Matheson, Ont., indicates that the deposit would generate a 17.9% rate of return on a stand-alone basis. The study is based on a …
Guest Column (October 07, 1991)
The visit earlier this year by University of Toronto professor Tony Naldrett and myself to the Noril’sk mining camp in Siberia was arranged by the Soviet Academy of Sciences and hosted by the Noril’sk…
PEOPLE (October 07, 1991)
Sadia Cohen appointed president.
NEWS ROUNDUP (October 07, 1991)
Newmont Mining (NYSE), North America’s largest gold producer, continued to reduce its debt load recently by completing the redemption of its 7% exchangeable debentures. Due Aug. 15, 2001, the debentur…
Spring, Cove get mixed results
Rumors of a 90-ft. intersection grading over one ounce gold per ton were laid to rest when Granges (TSE) and two junior partners announced the latest results from drilling on the Unuk River property i…
Princeton seeks funds to pay McDame development costs
A prolonged strike at the Similco copper mine in southern British Columbia as well as continuing operating problems at the Cassiar underground asbestos mine in northern B.C. have forced Princeton Mini…
LETTERS TO THE EDITOR (October 07, 1991)
Gold has, over the centuries, been regarded as a protection in case of public and personal troubles. All governments keep a supply in their treasuries. Individuals were hiding some wherever they consi…
U.S REPORT
Recent drilling by Kennecott returned the best overall grade to date from the Lockwood polymetallic project near Everett, Wa. The major company can earn a 51% interest in the property from owners, Isl…
Battle Mountain executive highlights Lihir gold project
Political problems in Papua New Guinea should have no effect on the development of the Lihir gold project, said Joseph Mazur, Battle Mountain Gold’s (TSE) vice-president of administration and communic…
Falling prices can’t stop Sa Dena Hes opening
Despite continued losses from low base metal prices, Curragh Resources (TSE) and Hillsborough Resources (TSE) officially opened the Sa Dena Hes open pit and underground lead-zinc mine southeast of her…
Inco seeks pgm in Sept-Iles, Que.
Toronto-based Inco (TSE) has taken the town of Sept-Iles, Que., by surprise after con-firming reports that it is looking for platinum group metals in the area. Contractors acting on behalf of the big …