NEW MINES
The pace of mine-building is slowing. In January, 1988, we reported that 32 new Canadian mines would produce ore before year-end. In 1989, we listed 18 new mines that were being readied for start-up. …
News
OVERCOMING THE NUGGET EFFECT: Extracting all the gold contained in
The infamous “nugget effect” can be bad news for promoters of gold properties. Gold is unevenly distributed in such deposits, and so sampling can have the effect of either over-or under-estimating the…
Skyline improvements should increase recoveries by 16
Now that mill improvements have been completed at the Johnny Mountain gold mine in northwestern British Columbia, Skyline Gold (TSE) is expecting a 16% increase in gold production and lower unit produ…
Pezim sells almost all of Corona Corp. interest
Vancouver promoter Murray Pezim’s connection with Corona Corp. (TSE) was weakened substantially when he sold almost all of his remaining stake in the Toronto- based gold producer recently. According t…
Hillsborough feasibility (January 01, 1990)
Hillsborough Resources (TSE) expects a project feasibility study for the Mt. Hundere zinc deposit in the Yukon from partner Curragh Resources by mid-December. Hillsborough and Curragh hold a 20% and 8…
Mill to start up in May Malartic eyes U.S. potential
The historic Congress gold mine near this small western community is providing an operating base for Malartic Hygrade Gold Mines (VSE) to pursue expansion opportunities into the southwestern U.S. When…
Louvicourt base metal discovery revived a sluggish stock market
The Louvicourt Twp., Que., find of joint partners Aur Resources (TSE) and Societe Miniere Louvem (TSE), the hottest base metals discovery since Kidd Creek, brought a sluggish June mining market to lif…
Cassiar restructuring to Princeton complete
The reorganization of Cassiar Mining has been completed with Cassiar now a wholly owned subsidiary of newly listed Princeton Mining (TSE). Cassiar shareholders received one share of Princeton for each…
Perrex in Bradette
An exploration program has been started by Perrex Resources (ASE) on a 94-claim property in Bradette Twp., Ont. The company is conducting geophysical surveys over an area near two old drill holes that…
FINANCING (January 01, 1990)
Kennedy River Gold — 1,000,000 offered @ 50 cents per sh. Ranger Pacific Minerals — min 600,000 offered @ 40 cents per sh. Strike Egy — 1,000,000 offered @ $1.90 per unit. Exeter Mining — 700,000 …
Metal prices tied to economy’s performance
The bull market in base metals would appear to be over, at least for a London research firm which points out that during the fourth quarter of 1989, metals “either returned to the defensive or continu…
Spot prices at a glance (January 01, 1990)
Week’s Price (US) Change Gold *$409.45 –$ 3.70 Silver* $ 5.53 –$ 0.05 Platinum* $509.25 –$ 3.75 Nickel** $ 3.82 –$ 0.33 Lead*…