Price swings renew majors’ exploration in B.C.
For British Columbia’s mining industry, 1989 was a year where the only constant was change. Most notably, the past year saw the return of major exploration companies as the leading spenders and a resu…
News
Canamax loss hinders Amax earnings
Amax Gold (TSE) hasn’t been actively soliciting offers for its 49.7% stake in Vancouver affiliate Canamax Resources (TSE), but Mark Lettes, treasurer of Colorado- based Amax, says if a good offer come…
Spirit Lake’s Edwards claims could host small gold orebody
A $400,000 exploration program at Spirit Lake Explorations’ (ME) Edwards gold property northeast of Wawa, Ont., will focus on defining a small but high-grading deposit, President John Hansuld told sha…
Samatosum beats recoveries made during tune-up
Higher grades and concentrate recoveries are being reported for the Samatosum polymetal mine operated by Minnova (TSE) near Kamloops, B.C. Sized at 550 tons per day, the Samatosum mine started commerc…
Improved data for Explorationists
The Ministry of Northern Development of Mines of Ontario is preparing a province-wide magnetic grid that will provide the base for a wide range of improved aeromagnetic data for use by mineral explora…
Letters to the Editor Freewest, Noranda working near Matheson
A recent article in The Northern Miner entitled “Freewest, Noranda discovery” (T.N.M. Jan. 15/90) is of great interest to the council and residents of the township of Black River-Matheson. The article…
A better informed public can better influence governments
This is the first of a regular monthly column from the Prospectors and Developers Association of Canada. The role of keeping industry informed of emerging legislation and key political developments ha…
Arsenic metal soars
Plant shutdowns in China and the cutback on shipments by that country have helped push the price of arsenic metal skyward to US$4.50 per lb. The price of arsenic metal was 60 cents in late December, …
Exploration to commence at Golden Pacific project
Golden Pacific Resources (ASE) says exploration has begun at the Penon Blanco claims on the Mother Lode vein system in Mariposa Cty., Calif. The program is expected to include surface exploration, sur…
Lixor acquires Orleans option
An option to acquire a 50% interest in 18 claims in Courville Twp. in northwestern Quebec has been acquired by Lixor (ME) from Ressources Orleans (ME). The option sold to Lixor was initially granted…
Alberta Stock Exchange Bitech is back
At last, there is some good news for the beleaguered shareholders of Bitech, which last year signed a $12-million option agreement with Equity Silver Mines. During the week ended Jan. 30, Bitech repor…
Trader ends deal
Trader Resources (TSE) has decided not to exercise its option to purchase 1.6 million shares of Ronnoco Gold Mines (COATS) at $1.25 per share. According to the vendors of the shares, Cabre Exploration…