Toronto-based Rio Algom (TSE) is continuing to benefit financially from a favorable economy and the performance of 68.8%-owned copper producing subsidiary Lornex Mining Corp. (VSE). After reporting im…
The program planned for the 1989 Society of Mining Engineers annual meeting and exhibit includes technical sessions, three special symposia, three short courses, several field trips and an expanded ex…
The first four drill holes completed on the Nugget Pond project, owned by Bitech Energy Resources (ASE), has returned strong gold values. Drilling on the new discovery in Newfoundland’s Betts Cove are…
Additional drill results are awaited from the War Eagle Mountain property of War Eagle Mining Company (VSE) in southwest Idaho. Not only has the discovery been heavily promoted by the company but also…
A cabinet shuffle not long ago at the federal level eliminated the position of mines minister. If it is, as we hope, only a temporary situation and a new Member of Parliament is to be named to the pos…
A second-phase drill program has been completed by partners Dejour Mines (TSE) and Noble Peak Resources (ASE) on their Turquetil gold property. Located 140 miles southwest of Rankin Inlet, N.W.T., the…
Two recent events may be causing some of our readers to take a closer look at the warrants being offered by Corona Corp. (TSE). Those events are the merger of Corona’s five predecessor companies (Inte…
Since taking over as operator of the Platoro project in southern Colorado just over a year ago, Panorama Resources (VSE) completed 1,500 ft of drifting on the 9,700-ft level and drove a decline to the…
Net income of $1.99 million (5 per share) on revenue of $20.3 million was reported by Belmoral Mines (TSE) for the first nine months of 1988, compared with $436,000 (1 per share) on revenue of $21.5 …
For very different reasons International Baslen and Varna Gold were the issues which stood out in a week when volumes were otherwise relatively low. Varna was the volume leader with 856,300 shares cro…
While ownership of the Theresa gold property near Longlac, Ont., has been transferred to J. S. Redpath Ltd. of North Bay, Ont., the president of Duration Mines (TSE) has not given up hope of reclaimin…
Mining’s a funny business. It is based on what is unsentimentally referred to as a “wasting asset” and therein lies both the boon and the bane of the industry. It’s the blessing of the industry in t…
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