Tri-Valley awards Alaska contract
A Montana- based company has been awarded a contract to mine and process gold ore from one square mile of Tri- Valley Corp.’s Richardson lode project near Fairbanks, Alaska. Tri- Valley trades over th…
News
U.S. gold production remains healthy
Declining gold prices have not hurt American production of the precious metal, according to a study by the Metals Economic Group in Halifax, N.S. In 1989, U.S. gold production will climb by more than …
Athena results from Talapoosa
Athena Gold Corp. (VSE) says that significant results were achieved in the final phase of drilling at its Talapoosa gold property in Nevada. Drilling in the Bear Creek zone returned 285 ft of 0.081 oz…
Survey hits strong anomaly in unexplored area of Gaspe
A geochemical study conducted by the Geological Survey of Canada has come up with some interesting base metal anomalies in a relatively unexplored area south of Rimouski, Que. The GSC says it receiv…
Mining Congress calls for deepsea research
The American Mining Congress (AMC) has called for the reauthorization of the Deep Seabed Hard Mineral Resources Act for a further three years at an annual funding level of $1.5 million(US). The AMC to…
Vancouver Stock Exchange Midland leads rebounding market
The big news here and just about everywhere was the recent and long awaited upswing in gold prices. While most analysts have learned not to make hard and fast predictions on what gold will do over the…
Pioneer reports first-quarter loss
First-quarter financial results for Pioneer Metals Corp. (TSE) show a net loss of $330,000 or 2 cents a share compared with a loss of $46,000 for the period ended Mar 31, 1988. The company is expecti…
CoCa acquisition precursor to higher gold production
Recognition in the gold mining industry is usually a function of how many ounces you produce. So the recent purchase by CoCa Mines (NASDAQ) of Geodome Resources is an important acquisition for the com…
Gold funds as of May 23 (June 05, 1989)
BGR Goldcorp Central MVP Capital Net value $11.42 % $ 6.89 % $ 6.06 % $ 0.61% Price $9.625 % $ 3.95% $ 5.38% $ 0.35% Discount $15.72% 42.7 % …
Alberta Stock Exchange Prices, volumes low
Although gold recovered slightly this week from its recent malaise, concerns about the strength of the U.S. dollar kept volumes low and prices down. Moss Resources President Harry Hodge said he would …
Bidger to build gold mine in Chili
A Chilean firm has been contracted to build a 200 ton-per-day mine and mill complex for Bridger Resources’ (VSE) on the company’s La Pepa gold property in Chile. Vancouver-based Bridger recently signe…
Eagle River Hemlo’s future `cornerstone’
The fast-developing Mishibishu gold camp, 32 miles west of here, is expected to make a significant contribution to Hemlo Gold Mines’ (TSE) investment objective of doubling its revenues within the next…