Hemlo, Mishibishu explore Pukaskwa River bet
Joint venture partners Hemlo Gold Mines (TSE) and Mishibishu Gold (VSE) have started a summer work program of backhoe trenching, sampling and prospecting on their 371-claim Pukaskwa River gold propert…
News
Newfields breathes new life into Princess Royal
By issuing 3.7 million shares to Surf Inlet Mines (VSE), Newfields Minerals (TSE) will receive a 25% interest in the Princess Royal Island polymetallic prospect, 100 miles south of Prince Rupert, B.C….
Atlantic changes name to Dexus
In keeping with its move out of the mining industry and into the iron and steel foundry business, Atlantic Goldfields (COATS) has changed its name to Dexus Inc. To coincide with the name change, Atlan…
Insider Trading Pezim ups stake in Goldnev Res.
Vancouver promoter Murray Pezim recently moved to tighten his hold on Goldnev Resources (VSE), which has a 50% stake in the Goldstream copper-zinc property, north of Revelstoke, B.C. According to the …
Underground drifting adding to confidence in Rouyn mine
Underground exploration at the Francoeur gold mine, held equally by Rouyn Mining Resources (TSE) and LAC Minerals (TSE), continues to support the theory that proven reserves can be increased. Situated…
Additional cash for Int’l Platinum
Toronto-based International Platinum (TSE) has received a further $250,000 to finance exploration on the Duluth platinum project in Minnesota and the Goodfish gold property near Kirkland Lake, Ont. Th…
LETTERS TO THE EDITOR An American’s farewell to mines
I am not renewing my subscription after more than 20 years as my “ore” zone is depleted, and no “new exploration” is anticipated. No new financing, either. I’ve always been interested in the mining sc…
Spending slump hurts Hillsborough
Reduced expenditures on exploration and development by the mining industry have had a negative effect on Hillsborough Resources’ (TSE) 1989 revenue. The mining contractor reported revenues of $31 mill…
DRILLS, DIGGERS, DOZERS AND SUCH
Clearing Drawpoints North Channel Engineering, near Sudbury, Ont., has developed Safe Shot blasting tubes to clear plugged drawpoints. Safe Shot consists of a self-tying, heavy-duty burlap blasting ba…
A GIANT BEEP FOR MANKIND
Edwin Gauchier is interested in finding mines. That’s why he studied to become a geophysict. And he doesn’t care how they’re found as long as they’re found. His is not the approach taken by most prosp…
IT`S A MAD, MAD WORLD
The following items are offered for your edification or entertainment. Zaire has long been a major copper producer, first under Belgian colonial rule and, since the 1960s, under independent rule. But …
PAPUA NEW GUINEA AMONG TOP GOLD PRODUCERS
Papua New Guinea, the West Pacific paradise, is quietly becoming a player to reckon with in the international gold mining scene. It can boast three mines in the top 10 of the world’s biggest annual pr…