Louvicourt
Partners Aur Resources and Societe Miniere Louvem expect the capital cost of developing their Louvicourt Twp. massive sulphide deposit east of Val d’Or, Que., to be well over $300 million. The two com…
News
Gold in Ontario
The first gold discovered in the Canadian Shield was in 1866 when Marcus Powell discovered a cave whose walls contained “gold in the form of leaves and nuggets.” Since then there have been major gold …
Custom milling
One major concern for any project hoping to enter commercial production is a milling facility, the cost of which may determine the viability of the entire project. The owners of three developing gold-…
Mishibishu quiet
Activity in the Mishibishu Lake area of northern Ontario has come to a virtual standstill over the past year following a string of disappointments for the area’s two major players. This season, the on…
U.S. REPORT (September 23, 1991)
Miners at a Mississippi Chemical Corp. potash operation at Carlsbad, New Mexico, and at the Fletcher mine and mill operation of lead producer Doe Run of Missouri were recently named winners of 1990 Se…
NEWS IN BRIEF (September 23, 1991)
Gonzales Gold Mines Ltd. (GZG:VSE) has changed its transfer agent to Pacific Corporate Trust Co.
FINANCING (September 23, 1991)
Cree Lake Resources Corp – 950,000 units consisting of 1 sh and 1 wt offered @ $1.25 per unit. Commonwealth Gold Corporation – 2,500,000 units consisting of 1 sh and 1 wt offered @ 49 cents per unit.
GOLD FUNDS (September 23, 1991)
BGR Central Net Value $8.23 $4.87 Price $7.38 $4.350 Discount 10.36% 10.7% Value $48,987,129 $73,185,705…
American Mining Congress supports new free-trade deal
The American Mining Congress (AMC) supports negotiation of a North American free-trade agreement involving Canada, the U.S. and Mexico but wants negotiators to “proceed carefully and with a clear sens…
Gold Fields explores Forgold
Based on a recent option agreement, Gold Fields Canadian Mining will take over as operator of the Forgold property, 30 miles from the Eskay Creek deposit north of Stewart, B.C. Field work is now in pr…
Freewest project hangs on results of feasibility study
After months of considering various development, milling, and underground exploration options for the Holloway project 40 miles east of Matheson, Ont., Noranda (TSE), as operator, has reached the fina…
Falconbridge’s deep hole will test Sudbury’s `twin’
A 1,500-metre hole designed to test the Wanapitei anomaly northeast of Sudbury, Ont., recently got under way. As operator of the “Mirage project,” Falconbridge has collared the deep hole in Sheppard T…