Golden Sitka busy at Chichagof
Old mines have a habit of coming back to life and the Chichagof mine property 50 miles northwest may prove to be an example of that adage. The property is owned by Golden Sitka Resources (VSE) a Vanco…
News
Project poses questions for Lenora and Mary Ellen
The erratic gold distribution in northern Saskatchewan’s Beaver Lodge area is posing some major questions to a joint venture group including Lenora Explorations (TSE), Mary Ellen Resources (VSE) and C…
Borealis borrows $25 million to finance Fat Lake prospect
Using its Fat Lake gold project as collateral, Calgary-based Borealis Exploration (ASE) has arranged for a gold backed bond from a U.S. investor group for $25 million(US), the company said recently. U…
Gunsteel Plans Mill For Nugget Property
With ore reserves estimated at 233,000 tons grading 0.33 oz gold per ton, Gunsteel Resources (VSE) says a mill with an initial capacity of 100- 150 tons per day is now “economically viable” on its Nug…
Investment City issue considered undervalued
Vancouver-based City Resources (TSE) is attempting to bring what should be British Columbia’s largest gold producing mine into production by October, 1989. Located on the Queen Charlotte Islands, off …
Minnova and Rea Gold plan mill at silver bet
Minnova Inc. (TSE) and junior partner Rea Gold (TSE) say a 465-ton-per-day mill could be commissioned and fully operational by mid-June 1989 on the Samatosum project near Adams Lake, B.C. Although the…
Letters to the Editor Supply & demand rules gold price
In a letter to the editor (N.M., July 4), one of your readers attributed the depressed price of gold to market interference by various governments. I don’t doubt that such action takes place, but feel…
Metal Prices FREE MARKET (August 15, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Aug 9 Aug 8 Aug 5 Aug 4 Aug 3 Copper 1244-1245 1247-1249 1257-1259 1262-1264 1222…
Letters to the Editor Free trade & coal
As you have pointed out in your editorial (N.M., Aug 1/88) coal is a great mineral asset of our country and as a nation we should not ignore it at any time. Brought on stream at the right time any min…
Deep hole on hold, Goldpac
With only 400 ft left to go, and with the core beginning to show the right kind of alteration, Goldpac Investments (VSE) has encountered a 2-week delay in the deep drilling project on its Bar property…
Pelletier reserve estimate announced by Thunderwood
Partners Falconbridge Ltd. (TSE) and International Thunderwood Explorations (TSE) have made an initial reserve estimate at the Pelletier Lake gold property two miles southwest of Rouyn-Noranda, Que. B…
Total Erickson/Agip suspend Mt. Skukum project
When the Mount Skukum mine officially opened in the summer of 1986, it was hailed with great fanfare as the Yukon’s first significant hard rock gold mine. Two years later, the internationally-backed c…