Quartz Mountain study continues
By the second quarter of 1989, partners Quartz Mountain Gold (TSE) and Galactic Resources (TSE) expect to have completed a feasibility study on the disseminated oxide portion of the Quartz Mountain go…
News
Quebec nickel play fueled by mystery
At last count, 24 junior companies had acquired properties in the Lac St. Jean area of Quebec, where a new base metal discovery is generating plenty of action. Since no drilling has yet been done, a g…
Silverside, Proteus amend amalgamation
Toronto-based companies Silverside Resources (TSE) and Proteus Resources (VSE) have agreed to amend the share exchange ratio of their proposed amalgamation. Under the previous agreement, the conversio…
Oneida plans to drill Arizona gold property
A 5,000-ft drill program is planned to begin this month on the Mexican Hat gold property owned by Oneida Resources (VSE). Located in Arizona, the Mexican Hat property covers a 4,000-ft long structure …
Preliminary study completed at QR
Based on the results of a recently completed preliminary study, QPX Minerals (TSE) says the Main zone of the QR gold deposit could be mined by open pit methods on a stand-alone basis for over five yea…
Goldteck pleased with test work
Favorable results have been received from metallurgical test work carried out on drill samples from the Bellview property along Nevada’s Carlin Trend, Goldteck Mines (TSE) reports. The results indicat…
Belmoral rejects Ketza, Canamax sues
Toronto-based Canamax Resources (TSE) is taking Belmoral Mines (TSE) to court over Belmoral’s decision not to purchase the troubled Ketza River gold mine at Ross River, Y.T. In a brief statement, Cana…
Lease of Yukon mill terminated
Partners Omni Resources (VSE) and Skukum Gold (VSE) have terminated an agreement to lease the Mount Skukum mill owned by Total Energold (TSE) and AGIP Resources. Skukum and Omni had intended to use th…
Hughes-Lang Group plans reorganization
A proposal to restructure and reduce the number of companies within the Hughes- Lang Group has been approved by directors and will be presented for shareholder approval at meetings scheduled for June….
Tarzan results from Joburke
Additional drill results have been received by Tarzan Gold (ASE) from the company’s Joburke property near Timmins, Ont. Noranda Exploration is the project operator. Two holes completed in the North zo…
Metal market perceptions — a special capacity
There is an extremely influential factor at work in metal markets that receives insufficient attention; that is, the great power exerted by perceptions, often with the potential for formidable damage….
Cameco decision on Hanson hinges on results of drilling
Drilling is expected to wind down by month- end at the Hanson Lake project of Cameco in northern Saskatchewan. Results from the program will help determine whether Cameco exercises its right of first …