Centurion royalty revenues to rise
Vancouver-based Centurion Gold (VSE) is looking forward this year to new mining activity on claims surrounding Newmont Gold’s (NYSE) Gold Quarry open pit mine near Carlin, Nev. Centurion owns 51% of a…
News
Low grade deposit on Springpole bet
The Portage zone on the Springpole gold property being explored by joint venture partners Noranda (TSE) and Akiko-Lori Gold Resources (VSE) hosts geological reserves of at least 7.9 million tons gradi…
Ore Reserve Standards
With the purpose of furthering helpful discussion on the topic of ore reserves appearing in your last several issues, I wish to add the following fuel to keep the pot boiling. The article “Computer Bu…
For the Record
Every corporation and virtually every person keeps records, both personal and business. In fact, in today’s society there is a tendency to make multiple copies of everything and to put them in “the fi…
Teeshin acquires 100% of Dome Mountain
For the purchase price of $1.27 million, Teeshin Resources (VSE) has bought the remaining 33% interest in the Dome Mountain project near Smithers, B.C., from its partner Canadian-United Minerals (VSE)…
Wedged hole hits 0.5 oz. gold over 125 ft. at Fontana
Another drill hole on the Fontana property in northwestern Quebec has hit the high-grade (0.48 oz.per ton) zone intersected by Bay Resources and Services (ASE) three weeks ago. Hole JB-200A, a wedged …
Royal Oak officials angry as MacLellan offer spurned
An attempt by Vancouver-based Royal Oak Resources (TSE) to buy up the assets of bankrupt LynnGold Resources (TSE) was rejected recently by LynnGold’s trustee. Thinking that it could turn LynnGold’s Ma…
FALCO’s MYSTERY MINE
Falconbridge is building a mine in Sudbury, but not much is known about it. And those who do know the details aren’t talking. Although Falconbridge has made some major decisions with regard to the min…
Atlanta plans to issue shares to replenish working capital
Subject to regulatory approval, Atlanta Gold (TSE) will complete a private placement of 1.25 million shares at $1 per share to two European investors. The placement also includes 1.25 million non-tran…
Alcan smelter
Startup of the Laterriere aluminum smelter at Chicoutimi, Que., was recently resumed by Alcan. Phase one should be fully operational by April 11, the company says; startup of the second phase will the…
CALENDAR (April 02, 1990)
May 6-10, Ottawa, Ont. 92nd Annual General Meeting of the Canadian Institute of Mining & Metallurgy. At the Westin Hotel and the Ottawa Congress Centre. Theme: Resources in Transition — Toward 2001. …
Norgold to test Arizona gold belt
A drill program by Norgold Resources (VSE) is about to begin on the 100% owned General Grant gold project, some 70 miles northwest of Phoenix, Ariz. Situated in a known mineral belt, the 2,600-acre pr…