Suntac resumes drilling at Polaris-Taku
The 1989 exploration and development program by Suntac Minerals Corp. (VSE) is under way on the Polaris- Taku mine project with the first three surface holes returning impressive gold values. Last fal…
News
Forget looks for best deal in Agnico/Dumagami merger
A Montreal businessman has hired an investment firm to help champion the rights of Dumagami Mines’ (TSE) minority shareholders should the company merge with Agnico-Eagle Mines (TSE). Jacques Forget en…
Negative results reported by USMX (May 01, 1989)
Drill results are not encouraging from USMX Inc.’s (NASDAQ) Goldbanks Hill propery in Pershing Cty., Nev. The first 11 of 21 holes on the property failed to intersect significant mineralization, the c…
Antelope plans big program near Le Roi mine property
Antelope Resources (VSE) will spend $1 million or more on its Rossland, B.C., gold property this year. The project is a joint venture with Bryndon Ventures (ASE). To date, over 40,000 ft of drilling h…
COATS (over the counter) Gold issues improve
Two drill rigs continue to test a gold zone on Young-Shannon Gold Mines’ Chester Twp., property situated 110 km southwest of Timmins, Ont. President Bruce Young says 50 diamond drill holes totalling 2…
Alberta Stock Exchange Baloil big trader
Despite concerns over a cooling North American economy, a number of Alberta issues made significant progress during trading this week. They include the Baloil Resources’ issue which distinguished itse…
Dominion tables new offer for Australia-based Whim
Directors of Australian gold producer Whim Creek Consolidated NL have recommended to shareholders that they accept a revised takeover offer by Dominion Mining. If the offer is approved, the two compan…
Falconbridge earnings take spotlight
Falconbridge Ltd. (TSE) Chairman Bill James was in an affable mood at his company’s recent annual meeting in Toronto. As usual, he appeared to relish the attention that comes with being in charge of t…
New Pascalis passive partner in gold project
With the Pascalis gold mine northeast of Val d’Or, Que., set to come into production in September of this year, New Pascalis Mines (ME) has become a passive partner in the venture. Operator of the pro…
Innovations PROGRESS IN VENTILATION
Mining companies are starting Mto consider the economic Mbenefits of controlling the recirculation of mine air to recover heat from it and from such heat-generators as air-compressors and mine water. …
Toronto Stock Exchange Traders spooked by signs of economic
Growing signs that the supercharged economy is cresting, triggered more selling today as the composite index slipped another 6.97 pts. Canadian investors were also cautious today in anticipation of th…
Editorial On the winning side
If mining companies want to stay on the right side of environmental issues, they’re going to have to put a little more effort into it. The right side, of course, is the side that wins. And it seems …