Controversy growing over Shoal Lake mine
A confrontation over interprovincial jurisdiction on environmental matters relating to a proposed gold mine at Shoal Lake, Ont., is certain to be one of the issues raised at a mines ministers’ confere…
News
Open pit mining course offered by Queens
A 3-week course on open pit mine design and operation will be held at Queen’s University in Kingston, Ont., Oct 30 to Nov 17, 1989. The course is divided into four sessions: mine feasibility and desig…
Editorial Unuk river might cure the ailing VSE
It’s a drill hole that rivals some of the big ones from Nevada’s Carlin area: 682 ft averaging 0.875 oz gold and 0.97 oz silver per ton plus 1.12% lead and 2.26% zinc. Of course that’s just one hole…
Noranda drilling Glimmer property (August 28, 1989)
Glimmer Resources (VSE) reports that drilling is currently under way on its Hislop Twp. gold claims under option to Noranda Exploration east of Timmins, Ont. The drilling is designed to provide a geol…
Corona, Prime swapping shares
Toronto-based Corona Corp. (TSE) and Murray Pezim’s west- coast Prime Resources (VSE) have agreed to swap shares. Prime will sell Corona 10 million Prime shares in exchange for two million A shares of…
Ramp nears target at Eagle River bet
An underground ramp into the main gold zone on Central Crude (TSE) and Hemlo Gold’s (TSE) Eagle River joint venture property near Wawa, Ont., will reach its objective this month. The 1,750-ft decline …
B.C. mining industry revenues reach record high
Higher base metal prices, increased sales volumes and continued productivity improvements contributed to a substantial increase in gross revenues and profits for the British Columbia mining industry i…
Montreal Exchange Legal complications
Market action heated up this summer following news of the discovery of a massive sulphide copper-zinc discovery by Aur Resources and Societe Miniere Louvem near Val d’Or, Que. Now the scene has shifte…
Production delays at Namew Lake mine
Delays in reaching full production at the Namew Lake nickel mine in northern Manitoba will result in lower than expected nickel output from the mine this year. The Namew Lake mine is 60%- owned by Hud…
Moneta reports results from Michaud project
Moneta Porcupine Mines (TSE) and Nahanni Mines (TSE) recently released interim assay results from the Michaud Twp. gold project 65 miles east of Timmins, Ont. A summer drill program on the property em…
Galactic turns tide on losses
With the Ridgeway mine in South Carolina continuing to exceed expectations, Galactic Resources (TSE) is reporting record gold production and record income from operation for its 1989 first half. Gold …
U.S. gold output in 1989 to rise to 7.4 million oz
Primary, non-placer gold production in the United States in 1989 will total an estimated 7.4 million oz, up 1.7 million oz from 1988, research company Metals Economics Group of Halifax, N.S., reports….