Sampling ups RJK’s reserves
Estimates of the amount of gold contained in the Box and Athona deposits near Uranium City, Sask. are about to increase significantly due to a sampling/assaying program called total gold extraction. T…
News
Cathedral in red ink for third quarter
A net loss of $113,000 was reported by Cathedral Gold (TSE) for the third quarter ended Sept 30. For the first nine months of the year, net loss was $256,000 on revenues of $1.22 million. Gold product…
Zone results confirm Monique lens extension
Results from the G zone of the Monique property in Louvicourt Twp., in the Val d’Or area of Quebec, confirm the extension of the gold-bearing lens above the known lens, as well as to a minimum depth o…
Correction (December 18, 1989)
A tonnage figure of one million tons grading 0.30 oz gold per ton reported for the Little Stull gold project in northeastern Manitoba (N.M. Sept 4/89) was incorrect. Westmin Resources (TSE), the opera…
Jonpol raises $1.3 m for Garrison project
Jonpol Explorations (TSE) says it has completed a prospectus financing with Richardson Greenshields of Canada, whereby the company has received $1.3 million. Of that amount, Jonpol says $1.04 million …
Canyon Resources expansion hinges on Addwest acquisition
Although Canyon Resources (NASDAQ) is best known for its minor interest in the advanced Beartrack deposit in Idaho, the Colorado-based company also has ambitious plans to become a gold producer in exc…
Scintilore Trio hit gold at Carlin bet
Anomalous gold values at shallow depths have been encountered on a group of Carlin, Nev., properties held jointly by partners Trio Gold (ASE) and Scintilore Explorations (TSE). The two companies curre…
Black Gregor cuts low gold values on Marathon property
Preliminary assay results from Black Gregor Explorations’ (COATS) 255-claim property near Marathon, Ont., have returned low- grade gold values in four of seven widely spaced holes. The company plans t…
Rogi option
An option has been acquired by Exploration Rogi (ME) of Val d’Or, Que. to acquire 28 claims in Villebon Twp. from Raymond Houle and Gustave Cere. To earn its title, Rogi must spend $100,000 on explora…
Ontario’s new Mining Act approved by legislature
Supported by all three political parties, Ontario’s new Mining Act sailed through the provincial legislature this fall gaining Royal assent on Dec 6. “After 73 years, Ontario now has a new Mining Act …
Editorial A Christmas hint
Just when it seemed like strong metal prices were going to ensure a happy New Year for everyone in the mining game, what happens? The value of the Canadian dollar climbs to its highest level this deca…
Metal Prices PRODUCER PRICES (December 18, 1989)
ALUMINUM: MW U.S. Market US76.00 cents – 77.00 cents per lb. (Nov 30, 1989). ANTIMONY: New York dealer US81 cents -84 cents per lb. (Nov 30, 1989). BISMUTH: New York dealer $4.50-$4.60(US) per lb. (N…