Atlanta management slate re-elected
Despite a hostile take-over attempt by a coalition of its two largest shareholders, Atlanta Gold Corp. (TSE) has retained its long-standing management team headed by President Olaf Tolpinrud. Results …
News
Fifth hole returns positive gold values, Armistice reports
A fifth hole drilled into the Kerr zone at the Virginiatown, Ont., property of Armistice Resources (ME) has returned interesting values, the company reports. Underground hole 22W900-4, between 3,200 f…
News in Brief (June 19, 1989)
The date for the separation of the seven million units issued last month by LAC Minerals (TSE) consisting of one common share and one-half warrant — 1989 series, will be June 19, the company reports….
Coral shows potential of the U.S.
Canadian juniors generally have been more successful developing mines in the United States than they have in their own country. The main attraction, of course, is Nevada where heap leach technology ha…
Juniors shift attention to base metals as prices for precious
On the edge of the world’s largest anorthosite intrusion, 25 miles north of Lac St. Jean, Que., the rumble of diamond drill rigs echoes across the rolling terrain. Drill results from this summer’s wor…
Jonpol,T & H sinking shaft in Garrison Twp
A $2-million underground exploration program has started on a Garrison Twp., Ont., gold property owned by associated juniors Jonpol Explorations (TSE) and T & H Resources (TSE). John Pollock, presiden…
Nerco takes position in Black Swan Gold
A major U.S. mining concern has taken a significant equity position in Black Swan Gold Mines (VSE), one that might well be increased at a later date. Nerco Minerals, a wholly-owned subsidiary of Ne…
Letters to the Editor Mines make use of rock mechanic engineers
Your editorial headlined “Rock Mechanics Research Should Be Put to Use” begs for a response (N.M., May 15/89). It is unfair and incorrect to categorically “observe” that industry is not using the best…
Placer Dome options massive sulphide bet
Major mining company Placer Dome Inc. (TSE) has optioned a polymetallic massive sulphide prospect adjacent to tidewater near Juneau, Alaska. The Dream project is located within the same rock package a…
Radisson arranging mine financing
A credit facility worth up to $6 million has been negotiated by Radisson Mining Resources (ME) to bring the Duquesne gold project, 32 miles north of Rouyn- Noranda, Que., into production. The credit f…
Rio averts strike at tin mine
Mine workers at Rio Algom’s tin mine in Nova Scotia have voted 90% in favor of accepting a 2-year contract. The agreement, the first between mine management and the United Autoworkers of America, give…
Placer Dome signs deal with Golden Crescent
Golden Crescent Resources (ASE) and Placer Dome (TSE) have completed a deal that gives Golden Crescent the right to earn a 49% interest in 26 of Placer Dome’s properties in Ontario. Golden Crescent ca…