Hemlo Lawsuit hasn’t hindered Corona’s growth
When a major mining company states emphatically its objective is to be a low-cost precious metals producer, it makes sense any new exploration projects it becomes involved in will follow along the sam…
News
Noranda earmarks $200 million for ’89 exploration
Higher metals prices have had a major impact on the balance sheet of Noranda Minerals. To maintain its position, the mining arm of Noranda Inc. (TSE) knows it must make a commitment to searching out n…
Letter to the Editor Environmentalist groups want more government
The group called Forest for Tomorrow is asking the government for many more hundreds of thousands of dollars. This group, headed by Toronto people has already received $134,000 of the $300,000 handed …
Lac looks beyond Canada’s boundaries for gold
If you become as successful as LAC Minerals (TSE) in developing gold properties in Canada, it seems only natural to try to apply your expertise to projects in other parts of the world. LAC, which prod…
Alberta Stock Exchange Pezim moves in
The appearance of Murray Pezim’s International Viking Resources on the Alberta Stock Exchange seemed to have shaken the market out of is recent lethargy. During Viking’s first week of trading, volumes…
Mimiska reports drilling result
Results of preliminary exploration work on gold properties in northern Quebec, 42 miles west of Fort Chimo, have been announced by Mimiska Mining (ME). On the Lac Rougement showing, where drilling was…
U.S. Precious Metals drilling Nevada bet
A second small deposit of oxidized gold mineralization has been defined by recent surface drilling on U.S. Precious Metals’ (TSE) Mother Lode property, 100 miles northwest of Las Vegas, Nev. The new d…
Study shows precious metals distribution
A re-evaluation of a copper/ nickel prospect in Lake Cty. about 10 miles southeast of Ely, Minn., has shown elevated amounts of palladium, platinum, gold and silver, according to preliminary results o…
Editorial Urban headframes
It has been said that there are lies, damned lies and statistics. A whimsical analysis undertaken by geologist Mary-Claire Ward falls directly under the third category. Ward made a study of 61 gold …
Nevada gold mine forms foundation for Barrick
A pivotal year in the life of American Barrick Resources (TSE) got under way recently when the Toronto gold producer tabled its development plans for the Goldstrike mine in Nevada. After producing 115…
Homestake signs agreement to purchase Esso holdings
If things unfold as expected, San Francisco-based Homestake Mining (NYSE) could be playing a much more active role on the Canadian exploration scene. A wholly-owned Canadian subsidiary, Homestake Mine…
Mysterious Metall still looking for an acquisition
Almost 18 months after West German metals giant Metallgesellschaft AG spun off a publicly listed mining arm called Metall Mining (TSE), the new company is still suffering from an identity problem. Eve…