LAC drilling on Norgold claims
A 10-hole exploration program is halfway complete on the Nevada Chance “East” claim block, some 60 miles north of Lovelock, Nev. The gold project is a joint venture between LAC Minerals (TSE) and Norg…
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EDITORIAL Gold is gold is gold
Institutions can go bankrupt, stocks can go belly-up, currencies can become museum pieces, governments can fall — but gold is gold is gold. There is no way that gold can go bankrupt because gold has …
LAC expecting 75,000 oz from Bousquet No 2
LAC Minerals (TSE) says gold output from its new Bousquet No. 2 mine near the town of Malartic in northwestern Quebec will reach its planned target of 75,000 oz. this year. Situated less than a mile a…
Audrey examining Mobrun bet targets
Having discovered five massive sulphide lenses on its Mobrun mine property near Rouyn-Noranda, Que., Audrey Resources (TSE) has set out to look for additional deposits on the property. The company say…
Goldstrike grades exceed plans says American Barrick
Senior officials at American Barrick Resources (TSE) have moved quickly to quash a recent series of rumors about trouble at the company’s Goldstrike mine in Nevada. Robert Smith, president of American…
Pamour takeover delayed again
Acquisition of a controlling interest in the Pamour (TSE) group of companies, originally scheduled to close on Sept. 27, has been postponed once again. Royal Oak Resources (TSE), which stands to gain …
BMR joint ventures America Mine project
A wholly owned unit of NERCO (NYSE) recently entered into a joint venture agreement with BMR Gold (ASE) for ongoing development of BMR’s America Mine project. NERCO can earn a 60% interest in the prop…
Global copper smelting needs studied
New global copper smelting capacity, beyond those projects already announced, will be needed by 1993, says a research company from Pennsylvania. The closure of the Bougainville mine (180,000 tonnes pe…
BOOK BRIEFS (October 22, 1990)
Tunnelling: Design, Stability and Construction, by B.N. Whittaker and R.C. Frith. Published by The Institute of Mining and Metallurgy. Available at IMM North American Publications Center, Old Post Rd….
UBC receives grant from Geddes
Geddes Resources (TSE) is making a $30,000 donation to the University of British Columbia to support glaciology research. The grant will allow the Department of Geophysics and Astronomy to finance res…
Exploration begins at Jasper mine
Partners Cameco and Shore Gold Fund (ASE) have begun a $357,000 surface and underground exploration program at their Jasper gold mine in northern Saskatchewan. The high-grade mine entered production i…
Gold tumbles
Prospects for peace in the Middle East and concerns about an economic recession combined, analysts said, to depress the price of gold, which at presstime was sitting at US$366 per oz. in London. Gold …