News

Jascan, Atlantic resolve differences with new deal

Toronto-based affiliates Jascan Resources and Atlantic Goldfields (COATS) recently resolved their differences after internal squabbles threatened to develop into a hostile control battle. The two comp…



Black Hawk buys Minago nickel prospect

Black Hawk Mining (TSE) has acquired the right to purchase a 75% interest in a large nickel deposit in Manitoba from Canamax Resources (TSE). Known as the Minago property, past drilling by Amax Canada…


Drilling cuts PGM values at Big Trout Lake property

International Platinum Corp. (TSE) has drilled its best holes ever on the Big Trout Lake platinum- palladium property in Ontario. Five of tens holes intersected platinum- palladium values in excess of…


Sherritt acquires titanium equipment

Equipment and related technology which can be used to produce titanium and titanium alloy powders have been acquired by Sherritt Gordon (TSE). The company says it will be able to develop a new line of…


Magnacon project in break-in phase

The Magnacon gold project in northern Ontario suffered a couple of weeks delay but it is up and running and precipitating gold, said a spokesman for Muscocho Explorations (TSE). Steve Brunelle, vice-p…


Bunker Hill drilling returns good intercept

Underground drilling has encountered a probable extension to the Quill zone at the Bunker Hill zinc-lead-silver mine at Kellogg, Idaho (N.M., May 22/89). Bunker Hill Mining (VSE) re-activated the oper…


Bank tells Chelsea to pay $2.1 m loan

Toronto-based Chelsea Resources (VSE) was recently negotiating with several mining groups in a bid to resolve its financial problems. Chelsea and its wholly-owned U.S. subsidiary Chelsea Resources (U….


SUPPLIERS NOTES

Gundle Lining Systems of Houston, Tex., recently completed an 8.5-million-sq-ft polyethylene lining project for a mine site in Ridgew ay, S.C. The Ridgeway gold mine is one of the largest mining taili…


CIGAR’S HIGH-GRADE HURDLE

Cigar Lake Mining Corp. is constructing a test mine at its large and prodigiously rich uranium deposit in northern Saskatchewan. “This project is a major step toward development of a full-scale uraniu…


50 YEARS AGO WORLD GOLD BOOM

The end of the gold boom (a boom which caused annual world production rates to nearly double in the past nine years) is not yet in sight. World gold production in 1938, according to preliminary estima…


ON THE MOVE (June 01, 1989)

Keith Robinson has been appointed chief operating officer (Canadian operations) and principal consultant for Steffen Robertson & Kirsten’s (srk’s) North American group. He was previously principal own…


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