B.Y.G acquires 100% of Mt. Nansen
B.Y.G. Natural Resources (VSE) has increased its ownership in the Mt. Nansen gold-silver property to a full 100% interest. The company acquired a further 31% in the Yukon project from Chevron Minerals…
News
Metal Prices (June 12, 1989)
FREE MARKET London Metal Exchange Spot closing prices in $US per tonne, except copper and lead (pounds sterling per tonne) Date June 6 June 5 June 2 June 1 May 31 Copper 1565…
Cameco to drill Hanson Lake
A large follow- up drilling program has been recommended for the Hanson Lake project of Cameco and Trimin Resources (VSE), 40 miles southwest of Flin Flon, Man. Besides testing the strike and depth ex…
Editorial U.S. Mining Act is best left alone
The United States Congress is coming dangerously close to trashing its 117-year-old Mining Act and replacing it with something that is bound to paralyze the mineral exploration industry for the next d…
Editorial No news here
Anything to do with PCBs is news, right? Toxic polychlorinated biphenyls mean trouble no matter where you find them. And, if you believe everything you read, PCBs usually mean guilty industry offender…
Letters to the Editor Mines make use of rock mechanic engineers
Your editorial headlined “Rock Mechanics Research Should Be Put to Use” begs for a response (N.M., May 15/89). It is unfair and incorrect to categorically “observe” that industry is not using the best…
Placer Dome signs deal with Golden Crescent
Golden Crescent Resources (ASE) and Placer Dome (TSE) have completed a deal that gives Golden Crescent the right to earn a 49% interest in 26 of Placer Dome’s properties in Ontario. Golden Crescent ca…
Nickel plate costs dog Corona Corp.
The Nickel Plate gold mine in British Columbia continues to give Corona Corp. problems. Low ore grades at the mine have necessitated higher waste rock removal and consequently mining costs have been h…
Total Energold ups stake in Yukon zinc-silver bet
Vancouver- based Total Energold Corp. (TSE) has increased its stake in the Logan zinc-silver project to 60% by acquiring an additional 10% interest under the terms of a joint venture agreement with Fa…
Minor metals and modern technological breakthroughs (1)
“Here’s metal more attractive.” (Hamlet III ii 117) Well, maybe that’s a bit strong but the minors are still extremely interesting to the enquiring mind. Attractive? Certainly. In the quiet shadows ca…
Sharpe Energy deals with Crude at Mishibishu (June 12, 1989)
With a strengthening of its board and new financing in the wind, Sharpe Energy & Resources (VSE) will be allying with Central Crude (TSE) for the exploration of some ground in Ontario’s Mishibishu gol…
Nevada tax increase boosts unit costs for Amax Gold
The decision by the State of Nevada to increase its net proceeds tax from 2% to 5% has hurt Nevada gold producers including Amax Gold (NYSE). At the company’s recent annual meeting in Denver, Colo., C…