Cominco starts 1989 drilling at Tulsequah Chief
After tripling the reserve potential last year, Cominco Ltd. (TSE) is about to start the first phase of the 1989 work program at the Tulsequah Chief base metal/precious metal project in northwestern B…
News
Canamax moves will save $2.5 million
Canamax Resources (TSE) expects to save $2.5 million a year by reducing its exploration staff, shutting down its Toronto offices and moving to Vancouver. And while President Wayne Lenton said speculat…
Black Hawk bids to become diversified metals company
After acquiring a 34% controlling interest in Black Hawk Mining, (TSE) banker DCC Equities Ltd. is breathing new life into the Toronto based company. Former Sherritt-Gordon Mines mine manager Garry Hu…
Bathurst anomaly of Sharpe Energy drawing interest
Sharpe Energy & Resources (VSE), formed some five years ago to investigate a geophysical base metal bet in New Brunswick, is not giving up in that province. Banking on geophysical findings within a fa…
Tamrock gains in Baker Hughes sale
Finnish manufacturer Tampella Ltd. plans to strengthen the grip of subsidiary Tamrock on the underground drilling and loading business by acquiring the machinery operations of Baker Hughes Inc. for an…
Mini staking rush results in lost thumb but no shots
A mini staking rush around Elmhurst Twp. near Thunder Bay, Ont. resulted in one slight casualty but otherwise there were no major incidents to report, said Thunder Bay mining recorder Roy Spooner. A…
Western States acquires property from Centurion
A Denver- based mining company has concluded an agreement to take over Centurion Gold’s (TSE) Zaca mine property in California. Western States Minerals, a private company, will fund 100% of all pre-pr…
Nerco takes position in Black Swan Gold
A major U.S. mining concern has taken a significant equity position in Black Swan Gold Mines (VSE), one that might well be increased at a later date. Nerco Minerals, a wholly-owned subsidiary of Ne…
High grade at High River
Drilling by Inco Gold, a wholly- owned affilate of Inco Ltd. (TSE) has yielded one of the best intersections from the former producing Nor-Acme gold mine in Manitoba. Drilled from the 2650-level of th…
Minnova resumes drilling at Chu Chua
As part of a regional effort to secure additional feed for its 70%-owned Samatosum mill, Minnova Inc. (TSE) has resumed drilling on the Chu Chua volcanogenic massive sulphide deposit north of Kamloops…
Spot prices at a glance (June 12, 1989)
Week’s Price (US) Change Gold* $375.50 $12.00 Silver* $ 5.40 +$ 0.18 Platinum* $507.75 +$ 6.50 Nickel** $ 5.86 +$ 0.01 Lead** $ 0.32 +$ 0…
Viceroy delays frustrating (June 12, 1989)
It’s been a long haul obtaining permits for Viceroy Resource Corp.’s (TSE) Castle Mountain project which was supposed to be in production over a year ago. California isn’t the easiest place to permit …