Reserve figure for Varna, Corona project
A preliminary reserve estimate has been released by Varna Gold (ASE) for the company’s Ming’s Bight gold property under option to Corona (TSE) in the Baie Verte area of Newfoundland. Based on 79 drill…
News
Placer modifies mine plan
As a result of lower than expected head grades and higher than expected operating costs, joint venture partners Placer Pacific and ACM Gold have revised their mining plan for the Big Bell mine in West…
Books In Review
Innovation in Mining Backfill Technology is an excellent snapshot of the state-of-the-art of mining backfill worldwide. It consists of papers presented in a symposium at McGill University in Montreal,…
PEOPLE TYRANEX GOLD MINES
Robert Cudney appointed president and chief executive officer; Thomas Pladsen appointed treasurer and chief financial officer; Bruce Taylor appointed to the board.
Pezim hearings to be televised
The British Columbia Securities Commission will allow certain television and radio stations to record and broadcast a hearing into insider trading and other allegations against Murray Pezim and other …
TVX seeking deal on big Brazilian nickel deposit
Toronto-based Consolidated TVX Mining (TSE), a growing gold producer with interests in four projects in South America, is moving toward becoming a nickel miner. Shareholders at the recent annual meeti…
Val d’Or option deal
An option to earn a 50% interest in 22 claims adjacent to the Bardome zinc deposits in Quebec’s Barraute and Fiedmont twps., has been acquired by Ressources Val d’Or (ME) from Noranda (TSE). To earn i…
Extraordinary gain boosts Pioneer
The conversion of the balance of a 52,000-oz. gold loan to a U.S. dollar loan has brought about a $5.5-million profit for Pioneer Metals (TSE). As a result, net earnings for the first quarter ended Ma…
North Lily to drill
A trenching program on the Nine Mile property has prompted owners North Lily Mining (NASDAQ) to proceed with a drilling program. The trenching program tested a 4,400-ft. long east-west trending fault …
News in brief Wkay Resources
Wkay Resources (WKA:VSE) has changed its transfer agent to Montreal Trust Co.
BRIEFS Oldest miner dies
A former coal miner regarded by the Guinness Book of Records as the world’s oldest man recently died in Wales at the age of 112. John Evans, whose birth certificate recorded an Aug. 19, 1877, birth da…
Eastfield starts program at Takla-Rainbow
Field work is about to begin on the Takla-Rainbow property, north of Fort St. James, B.C., one of several properties that will be explored by Eastfield Resources (VSE) this season. The Vancouver-based…