Rough ride for North American Metals
The 1989 annual report of North American Metals (TSE) reveals a far different picture of the Golden Bear project in northwestern British Columbia than was likely envisioned by Homestake Mining (NYSE) …
News
FINANCING (April 02, 1990)
Dunvegan Expl — 370,000 non-flow-through and 280,000 flow-through offered @ 81 cents per unit. Excellon Res — gross proceeds rec $227,500.
West Coast Skarns
Skarns containing gold as the predominant, and in some cases the only, economic mineral are classed as gold skarns while precious metal enriched (PME) skarns include any iron or base metal skarn that …
Asarco grant
Asarco (NYSE) is contributing a grant of US$200,000 to Montana Tech in the state of Montana to endow a US$150,000 professorship in minerals engineering and provide US$50,000 for scholarships. Active i…
RETOOLING MOTHER INCO; INCO employs far fewer Sudburians than a
Inco is taking an innovative approach to contracting work on a $500-million mill rationalization and flash smelting construction project approved by the company in 1988. By putting small contracts out…
The Anhydrite Alternative
Current research at the Technical University of Nova Scotia (TUNS) Mining Engineering Dept. will soon determine the potential of anhydrite, the dehydrated form of gypsum, for use as an alternative bin…
NORTH RIM NICKEL; INCO’s Lower Coleman and East McCreedy orebodies
Not much has changed here in at least the past 10 years, and it certainly doesn’t look like a boom town. Nevertheless, Levack, Ont. is the hot-bed of mine building in Canada today. More money is being…
TVX has projects in Latin America
Recently you published an article regarding the possibility of new opportunities for Canadian mining companies in Latin America (T.N.M.,March 19/90). With the largest investment in Latin America of an…
Goldex, Ormico confirm large, low-grade deposit
When Goldex Mines (TSE) and Ormico Exploration (ME) agreed to launch a $2-million, underground drilling program on their Val d’Or property in January, they hoped to prove the presence of a multi- mill…
50 YEARS AGO (April 02, 1990)
NICKEL POTENTIAL IN LANGMUIR TWP. In the central part of Langmuir township and in the southern part of Carman township, there are several bands of iron formation containing massive pyrrhotite. Assays …
Footing the bill for new `goodies’
In the 1930s, there were three producing mines in the Bridge River area. The Union Brass pulled a long strike. When the dust settled, one mine reopened on a partial basis. There was no unemployment in…
Armistice reports visible gold find
Visible gold was intersected in an exploration crosscut being driven north from the 2,050-ft. level at the shaft, Armistice Resources (ME) reports from its gold property at Virginiatown, Ont. The gold…