Goldstake drilling Wyoming placer bet
Toronto-based Goldstake Explorations (TSE) and its joint venture partner Sawatch Gold Placers have begun a major drilling campaign on their South Pass gold project in Wyoming. The 2,962-hectare placer…
News
Placer increasing position in Gerle
Pursuant to its Aug. 2 agreement with Gerle Gold (VSE), Placer Dome (TSE) has acquired 750,000 shares of the company at a price of 53 1/3 cents per share. Of the placement, 562,500 shares are designat…
Fairfield still finding new targets on Elk property
Several decades ago, the district surrounding this peaceful community was crawling with prospectors and geologists aspiring to find a “company-builder” copper deposit similar to ones found at the near…
Gallery ships gold
Edmonton-based Gallery Resources (ASE) has begun production at its Hannandor placer gold mining operation in British Columbia. The first gold shipment of 120 oz. has been sent to the Englehardt refine…
QUERY Carlin res. has royalty in Elko, Nev. property
A recent article mentioned Carlin Resources (VSE) and the Chandler property, five miles from Weiser, Idaho. I would like to know about the company’s 5% net royalty interest in a new gold mine called t…
Greenstone, Boliden prepare to drill Panama gold deposit
A 60,000-ft. drilling program is scheduled to begin this fall on a Panamanian gold property acquired recently by joint venture partners Greenstone Resources (TSE) and Boliden International Mining, a u…
Vancouver Stock Exchange Adrian, Canarc, Eurus stabilize
Whether the Vancouver Stock Indices were following gold down or just following through with last week’s drop is debatable. In any event, the Composite and Resources Indices put in dismal performances….
Ronrico secures $2.5 million to bring Simkar into production
The Royal Bank of Canada has agreed to provide debt financing to help bring the Simkar gold project, 10 miles east of Val d’Or, Que., into production. The Simkar property, with proven and probable res…
U.S. REPORT FMC income drops
Net income reported by FMC Gold (NYSE) for the three months ended June 30 was US$9.9 million versus US$13.8 million in 1989. The company attributed the drop in earnings to lower gold prices and high u…
Six drills probe Grevet property
Recent infill drilling at zone III of the Grevet zinc property near Quevillon, Que., has yielded more positive results for 50/50 partners Serem-Quebec and VSM Exploration (ME). Six drills are currentl…
U.S. REPORT Granges increases stake in Hycroft
A private placement in Hycroft Resources & Development (TSE) totalling $2.5 million by Granges will bring that company’s stake in Hycroft up from 59% to a maximum of 67%. The pricing formula for the p…
Reclamation consideration in mine planning
Ontario is promising to pass Canada’s most comprehensive, yet expensive, land reclamation policy. The reclamation sections of the new Ontario Mines Act have yet to be finalized, but it is clear the re…