News

McKee takes on some risk of cost overruns at Refugio

Vancouver-based junior Bema Gold (TSE) has taken advantage of the competition between engineering firms to narrow the risk of building its 50% owned Refugio gold project in Chile, says Chairman Clive …


Drilling may expand Samatosum mine

Additional drilling on the Gold zone at the Samatosum mine near Adams Lake, B.C., indicates that the life of the mine will be extended. The Samatosum, with current reserves good until October, 1992, i…


Newmont tests bioleaching for Carlin refractory ores

Already North America’s largest gold producer, Newmont Mining (TSE), has joined the race to be the first U.S. company to successfully use the gold recovery process known as bioleaching. A number of No…


OBITUARY (October 21, 1991)

Harry Michie, who for 40 years was active in the Canadian gold mining industry as a geologist, recently died in Toronto. He was 66. For almost two decades, Michie was associated with the Coniagas Mine…


Montreal Exchange (October 21, 1991)

Investors were in a buying mood during the holiday-shortened week ended Oct. 15, with both the market portfolio and mining and minerals index recording impressive gains. The former jumped by more than…


Correction (October 14, 1991)

Hemlo Gold Mines (TSE) has estimated preliminary reserves at the Lightning zone to be 5 million tonnes grading 0.27 oz. gold per tonne (5.5 million tons grading 0.25 oz. per ton). An incorrect figure …



Swift explores Eskay claims

Ron Netolitzky was recently named as technical adviser on Swift Minerals’ (VSE) properties in the Eskay Creek region of northwestern British Columbia. Swift can earn a 50% interest in four claim block…


Breakwater’s bitter legacy still haunts Corona

A fountain of red ink is still spewing from Breakwater Resources (TSE) following an ill-fated strategic plan to have the company become an integrated zinc producer. In the 1991 first half, Breakwater …


Gold Hawk options Ontario property

Consolidated Gold Hawk Resources (ASE) reports optioning a gold property in Rickaby Twp. in the Beardmore-Geraldton area of northwestern Ontario. Surface sampling has been encouraging; the company say…




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