News


Westmin progressing at the Premier project

Although still experiencing cash losses, the Premier project operated by Westmin Resources (TSE) appears to be making progress toward profitability. The open pit gold-silver mine, north of Stewart, B….


Drilling to start at Quet prospect

A drilling program is expected to start in early September on the Quet prospect, 90 km northeast of Vancouver, B.C. Noranda Exploration, a unit of Noranda (TSE), has the right to earn a 60% interest i…


U.S. REPORT Viceroy mails out EIS/EIR

The United States Bureau of Land Management (BLM) has given approval to Viceroy Resources (TSE) to release the final version of the Environmental Impact Statement and Report (EIS/EIR) on the Castle Mo…


Northern Abitibi buys stake in Douay gold bet

Calgary-based Northern Abitibi Mining (ASE) and Golden Rule Resources (TSE) have signed an agreement whereby Northern Abitibi will purchase a 50% interest in Golden Rule’s Douay gold property, in Jout…



U.S. REPORT Robertson results disappointing

The most recent progress report from Amax Gold (NYSE) on the Robertson project, near Lander cty., NV., owned by Coral Gold (TSE) appears to be somewhat disappointing, with Coral reporting that 10 of t…


FINANCING (September 03, 1990)

Collins Resources Ltd — 1,000,000 offered @ 40 cents per unit. Slocan Development Corporation Limited — 1,200,000 offered @ 40 cents per unit. Santa Marina Gold Ltd. — 1,000,000 offered @ 40 cents …


Mine rescue champs

Fourteen teams from around British Columbia recently competed in rescue and first aid competitions sponsored by the British Columbia Mines Ministry in Nanaimo, B.C. The competition included three cate…


Toronto Stock Exchange Indices (September 03, 1990)

Aug. 28 Aug. 27 Aug. 24 Aug. 23 Aug. 22 HIGH LOW Composite “300” 3354.20 3358.26 3361.23 3359.28 3431.20 4009.47 3334.13 Metals & Minerals 3031.24 3058.68 2992.80 2959.23 3017.10 3453.06 2850.84 Integ…


Aurora signs deal with Phelps Dodge

Calgary-based Aurora Gold (ASE) has farmed out its 31% interest in a base metal property near Joutel, Que., to Phelps Dodge Corp. of Canada, a unit of North America’s largest copper producer Phelps Do…


Directors bullish at St Andrew

The board of directors of small gold producer St Andrew Goldfields (TSE) leaves no doubt as to how its members feel about the long-term outlook for gold: positive. “Massive deficits persist in the U.S…


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