Canchrome uncovers chromite values
Recently completing drilling programs on two chromite properties in Quebec’s Eastern Twps. was Canchrome Mines. On the Reed Belanger property, 22 holes representing 6,425 metres were drilled. The comp…
News
GOLD FUNDS (June 25, 1990)
MVP BGR Central Capital Net value $10.25 $5.51 $0.34 Price $9.375 $5.500 $0.22 Discount %8.54% %0.2% 35.3% Value $61,003,613 $92,533,650 N/A…
Hefty exploratin spending predicted for Stikine Arch (June 18, 1990)
L.O.M. Western Securities predicts that more than $100 million will be spent this year in the Stikine Arch, a remote region in northwestern British Columbia’s rugged Coast Mountains. Prime Exploration…
Gibraltar survived downturns to profit when copper is up
British Columbia’s Cariboo region is a land of old mountains, weathered down to undulating hills. Near the top of one of them is the Gibraltar mine, as steady a copper producer as the famous rock that…
Pre-feasibility under way at Athabaska Gold project
Drilling at the Nicholas Lake gold project held by Athabaska Gold Resources (TSE) and Chevron Minerals has been placed on hold while the partners complete an initial feasibility study. Situated 60 mil…
Increasing costs foreseen for environmental controls (June 18, 1990)
Shoal Lake, a source of drinking water for Winnipeg, Man., is the location for Consolidated Professor Mines’ (TSE) Duport gold project. Trying to convince Winnipeg residents that mine effluent won’t c…
Echo Bay poised for turnaround
Misinterpretation of reserves at the McCoy/ Cove mine and again at the Magino and Magnacon mines has cost Echo Bay Mines (TSE) millions of dollars. In 1989, Echo Bay’s per-share earnings dropped to 16…
News in Brief (June 18, 1990)
Moss Resources and Power Explorations have amalgamated to form Moss-Power Resources Inc. (MSP:TSE) each on a share-for- share basis.
Silidor mine running smoothly
Owners of the Silidor gold mine, just outside the western boundary of this northern city, have high expectations for the project. Operator Noranda (TSE) and partners Cambior (TSE) and Nova- Cogesco Re…
Toronto Stock Exchange Gold equities weaken as bullion price slumps
Trading activity remained in a sluggish trend during the week ended June 12 as falling gold prices and a shaky economy continued to put a damper on investor enthusiasm. The gold and silver index took …
Rising global gold output expected to ease by end of 1990s (June 18, 1990)
Pierre Lassonde, the president of Franco-Nevada Mining turned author, takes a look at the 1990s in this excerpt from his new book on the gold (and silver) industry, The Gold Book, published by Financi…
ASARCO to develop Frasergold
A Canadian subsidiary of ASARCO (NYSE) recently entered into an agreement to earn a 50% interest in Eureka Resources’ (VSE) Frasergold property in central British Columbia. Under its terms, ASARCO is …