The golden rule about gold reserves
In my father’s youth, gold coins were part of normal circulation. There were real silver coins too, with relatively few paper banknotes and bills. The First World War put an end to gold coins in circu…
News
U.S.REPORT United Pacific Gold settles dispute
Former joint venture partners Golden Zone (VSE) and United Pacific Gold (VSE) recently agreed to settle a prolonged legal dispute relating to Golden Zone’s Alaskan gold property. Under the terms of th…
Maine regulations
The state of Maine’s Departments of Environmental Protection and Conservation have jointly awarded a contract to draft new mining permit regulations to Ernest K. Lehmann & Associates, a Minneapolis- b…
Alberta Stock Exchange Varna reserve figure
After drilling 79 holes at the Ming’s Bight gold property in Newfoundland, Varna Gold and project partner Corona Corp. reported a preliminary reserve figure (undiluted) of more than 1.3 million tons g…
Metal Prices FREE MARKET London Metal Exchange (June 25, 1990)
Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 19 June 18 June 15 June 14 June 13 Copper 1500-1501 — 1518-1520 1496-1498 1494-1495 Lead 489-490 — …
QUERY Augdome acquired New Augarita assets
We recently discovered a share certificate for New Augarita Porcupine Mines dated June 9, 1939. The stock belonged to my wife’s late father. We would like to know if these shares are still valid, what…
Toronto Stock Exchange Replay of Hemlo excitement in store at Eskay
The exciting Eskay Creek gold play in northwestern British Columbia’s Stikine Arch helped an otherwise dreary gold sector shake off some lethargy during the week ended June 19. Analysts had predicted …
Val d’Or option deal
An option to earn a 50% interest in 22 claims adjacent to the Bardome zinc deposits in Quebec’s Barraute and Fiedmont twps., has been acquired by Ressources Val d’Or (ME) from Noranda (TSE). To earn i…
COATS (over-the-counter) Drilling near Campbell
With the intention of finding extensions of the Campbell mine orebody, Craibbe-Fletcher Gold Mines has proposed an underground drilling program for 1991. Placer Dome has decided to clear out the 2,000…
Taylor purchases shares of Biron Bay Resources
Leonard Taylor, president and chief executive officer of Biron Bay Resources (ASE), says 664782 Ontario, a company of which he is a controlling shareholder, recently acquired 31,600 Biron Bay common s…
Brunswick’s success at depth could revive base metal camp
A single drill hole intersection near Brunswick Mining and Smelting’s (TSE) No. 12 mine has raised hopes in this picturesque province that large massive sulphide deposits are waiting to be found at de…
INSIDE Environment watch
For mining companies, the increasingly rigorous environmental standards being established are creating unexpected costs. The larger, cash rich companies have been able to absorb these costs, but the i…