News in Brief (January 29, 1990)
Strongbow Resources Corp. (VSE) has amalgamated with Consolidated Ramrod Gold (CYN: VSE) under the latter name. Strongbow shareholders will receive one new share for 4.867 old shares; Cons. Ramrod sha…
News
Gold funds as of Jan 23
MVP BGR Central Capital Net value $12.61 $6.33 $0.45 Price $11.50 $6.50 $0.42 Discount 8.80% 2.7% 7% Value $75,106,282.70 $106,636,558 N/A…
Editorial Ready for freedom?
Many politicians of our time are in the habit of laying it down as a self-evident proposition that no people ought to be free till they are fit to use their freedom. The maxim is worthy of the fool in…
Editorial Mining under attack in South Dakota
A proposed moratorium on new mine development in South Dakota is not the first political blow to be felt by the mining industry in the U.S., but it could prove to be one of the most telling. Many in t…
Evaluating dynamics of crown pillars
Mining is the pillar of the economy for many small communities in Canada. But as some towns have recently discovered, the surface crown pillars of abandoned mines may not be structurally sound. In fac…
Editorial International perspective
It’s an indication of just how international this business has become that a geologist, born and trained in Chile, who has worked most of his professional career in the U.S., is appointed to the top e…
Teeshin drilling
Drilling has extended the Boulder zone on the Dome Mountain property owned by Teeshin Resources (VSE). Near Smithers, B.C., the Boulder deposit hosts reserves of 300,000 tons grading 0.35 oz. gold per…
Nerco, Alta Gold open new mine
Officials of Alta Gold (NASDAQ) and Nerco (NYSE) held a dedication ceremony in early January to mark the opening of the 4,000-ton-per-day Elder Creek gold mine near Battle Mountain, Nev. The new mine,…
Sparton, Freewest
Sparton Resources (TSE) and Freewest Resources (ME) are starting a drill program on their jointly optioned claims near Helena Lake, 35 miles north of Fort Frances, Ont. The drill program will test a g…
GEXA, U.S. Precious Metals have Mother Lode up to speed
The first two bullion pours have been completed at the recently commissioned Mother Lode heap leach gold mine near Beatty, Nev. Opened two months ago, the open pit mine is held by a joint venture of U…
Murray Brook milestone
Four months after opening, precious metal production has surpassed one ton at NovaGold Resources’ (TSE) Murray Brook gold mine, 50 miles west of Bathurst, N.B. Since the mill startup last September, t…
COATS (over-the-counter) Carolin active
As the price of gold continues to bounce around, so do the prices of several junior gold explorers. Posting a gain of 7 cents for the week ended Jan. 23 was Carolin Mines. That company is exploring t…