Exploration continues at Paymaster property
American Reserve Mining (ME) says rehabilitation of the No. 6 winze on its 40% owned Paymaster project near Timmins, Ont., has been completed down to the 4,975-ft. level and access to the 6,025-ft lev…
News
Soviet Union petitions western mining firms
The Soviet mining industry says it is open to offers from its western counterparts to generate new mining projects, update antiquated mining technology and reclaim metal from waste. At an east-west st…
Fort Cady lawsuit
Corona (TSE) filed a lawsuit earlier this year in the Ontario Court, general division against its partner in the Fort Cady boric acid project, northeast of Los Angeles, Calif. Corona, through Fort Cad…
Queen’s hosts seminar
Queen’s University will host a seminar on mineral exploration at the Donald Gordon Centre for Continuing Education, Kingston, Ont., Dec. 2-8. It is designed to provide exploration managers and project…
Tourist outfitter benefits from exploration activity
Tourist outfitter and flying service enterprises sometimes are affected by mining activities. Often they benefit from the spinoffs of mining. Don Massey of Hawk Junction, near Wawa, owns and operates …
Sigma boosts annual output by 1,500 oz. as efforts continue to
Gold production at Placer Dome’s Sigma mine at Val d’Or, Que., is expected to be about 67,600 oz. in 1990, down slightly more than 1,500 oz. from 1989 production. Last year, the mine’s mill underwent …
Ronrico set to mine Louvicourt gold bet
Joint venture partners Ronrico Explorations (VSE) and partner Louvicourt Gold Mines (COATS) have commenced development work at the Simkar gold project, east of Val d’Or, Que. Louvicourt is a 58% owned…
Kirkland Lake gets boost from Virginiatown operations
Associated with gold mining for a good part of this century, the Kirkland Lake area of northern Ontario is undergoing a revival of sorts in large part through the efforts of Deak Resources (TSE). The …
Spot prices at a glance (October 15, 1990)
Week’s Price (US) Change Gold* $392.20 + $2.35 Silver* $4.63 — $0.06 Platinum* $443.75 — $0.25 Nickel** $4.28 — $0.06 Lead** $0.35 + $0.01 Copper- $1.29 + $0.01 Zinc– $0.61 — $0.03 Courtesy of Sc…
Coeur offering
Coeur d’Alene Mines (Amex) hopes to raise about US$52.8 million through a public share offering. The company, which plans to use part of the funds for exploration and development work, is offering two…
RSV to explore B.C. claims
RSV Resource (VSE) expects to raise $250,000 from two recent private placement agreements for exploration of the Spider and Edith claims near Stewart, B.C. The company can earn a 60% interest in the p…
Aurochs option
Aurochs Exploration (ME) has negotiated an agreement with Robopro Inc. which will allow the former to earn a 100% interest in the Dovercliff property, 7 km. east of Rouyn-Noranda, Que. To earn its int…