News


Goldnev drilling unsuccessful

Deep drilling on the Maggie Creek Ranch property in the Carlin area of northeastern Nevada returned no significant assays. The property, owned by Goldnev Resources (VSE), is being optioned by Barrick …


Uranium issue

A unit offering is planned by Uranium Resources International (TSE). Boettcher & Co., a Denver-based brokerage firm, is underwriting the issue totalling 1.15 million units, each consisting of one comm…


Bema high on potential on Refugio property

Recent drilling on the Refugio property in northern Chile’s Maricunga district has convinced Bema Gold (TSE) that the property has potential to host a “world class” gold deposit. The Vancouver-based j…


NEWMONT GOLD TABLE

Total Geologic Gold Reserves1 Reserves2 Thousands Oz. Oz. Oz. u4Deposits of tons per ton (thousands) (thousands)004 Gold Quarry/…




Placer Dome to sell oil and gas assets

By putting its oil and gas assets on the selling block, Placer Dome (TSE) has signalled that it intends to stick to its core business of mining. But the move is also giving rise to widespread speculat…


Newmont ups gold reserves by 26%

Exploration along the Carlin gold trend is paying off for Newmont Gold (NYSE), as shown by gold reserve figures released by the 90% owned subsidiary of Denver-based Newmont Mining (NYSE). Going into 1…



Hycroft plans deep drilling at Crofoot

A US$1-million deep drilling program is planned by Hycroft Resources and Development (TSE) for its Crofoot mine project near Winnemucca, Nev. According to Hycroft, the first stage of the drill program…


Cyclical Nature

Given the cyclical nature of the mining industry, the high prices of metals experienced two years ago were not to last in 1989. And in most cases they didn’t. But what will 1990 bring? A random surv…


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