Uranium Resources aims to boost output
Despite the decline in uranium prices during the past year, Uranium Resources (VSE) posted record earnings for both its fourth quarter and fiscal 1988. The Dallas-based company produces uranium in Sou…
News
Goldquest-Chevron deal
Toronto-based junior Goldquest Exploration (TSE) has signed a letter of intent with Chevron Minerals whereby the latter may earn a 50% interest in certain properties belonging to Goldquest in the Red …
Citadel Gold gains approval to proceed at Surlaga mine
Long awaited government approval to begin test milling and mining at the Surlaga gold mine and mill complex near Wawa, Ont., has finally been received by Citadel Gold Mines (TSE). The recent approval …
High-priced nickel market tight as ever
World prices for nickel rage on as the base metal continues to bring a smile to producers and investors alike. Low inventories and strong demand, especially from the stainless steel sector, have combi…
Radisson plans production in August at Duquesne bet
Having acquired a 25% interest in the Duquesne gold project about 19 miles north of Rouyn-Noranda, Radisson Mining Resources (ME) reports it plans to purchase the remaining 75% interest as well. And, …
Gold report
A thorough analysis of the world gold mining industry is available from Colorado-based Metal Market Consultants. Titled “Gold Situation-1988,” the crisply-edited report offers an analysis of the suppl…
Sparton vends out Lac St. Jean bet
Vancouver-based Yellow Band Resources (VSE) has expanded its interests in the Dolbeau area of Quebec to include a group of 31 claims held by Sparton Resources (TSE). Located about two miles north east…
Bakra considers alternatives as Sannorm drilling resumes
Some additional results were released recently from Bakra Resources’ Sannorm property in Manitoba where the company has succeeded in outlining three zones. The latest results from a 14-hole program fi…
Towns grow from mines
The development of the Hemlo gold deposits is an often- cited example of the impact of mine development on nearby communities. The population of Marathon has grown to 5,200 from 3,050 and Manitouwad…
Duration, Aurogin active at Batchewana
Duration Mines (TSE) is allowing its Theresa gold property to flood as a cost savings measure. The company explains that the cost of keeping the underground workings dry far exceeds the cost of future…
Cyprus adopts protection plan
Cyprus Minerals Company has adopted a complex rights program which its chairman, John Duncan, claims will provide “additional protection against abusive takeover tactics, such as partial tender offers…
1988 — a year for important Quebec developments
In Quebec, 1988 was marked by the completion of important development projects which came to fruition. Seven gold and two base metal mines went into production, with gold production during the first n…