Ore Reserve Standards
With the purpose of furthering helpful discussion on the topic of ore reserves appearing in your last several issues, I wish to add the following fuel to keep the pot boiling. The article “Computer Bu…
News
Aur to complete 20,000 ft program at Louvicourt bet
A new $3-million surface exploration program is under way after a short delay at the massive sulphide discovery, east of Val d’Or, Que., of Aur Resources (TSE) and Societe Miniere Louvem (TSE). “Our o…
Editorial Gold price unlikely to stay down long
One can’t help but get the jitters watching gold drop $US20 in a single day as it did this past week on the London market. In New York the April futures contract sank almost $30 March 26, its steepest…
Eden Roc gives production nod to African bet
The African Ivory Coast gold concession of Eden Roc Mineral (ASE) will be brought into production, says the controlling shareholder of Eden Roc. Marshall Minerals (ASE), with more than a 50% interest …
LAC likes potential of narrow structure at Kirkland Lake
The geology department at LAC Minerals’ (TSE) Macassa mine is excited about a vein system that runs parallel to the Kirkland Lake Main Break, the gold-rich structure upon which Macassa has feasted for…
Carolin Mines changes name, revives Ladner Creek project
After a long and checkered history as Carolin Mines (NASDAQ), the U.S. company has recently changed its name to Anglo Swiss Mining (NASDAQ), and is starting anew at the Ladner Creek Gold Mine project …
New promise for gold, silver in Minnesota
Recent geologic studies in northern Minnesota indicate a greater potential for gold and silver in the area than was previously estimated, J.R. Clark, a U.S. Geological Survey scientist, told a meeting…
New Horne contract
More than 700 unionized workers at the Horne division of Noranda Minerals at Rouyn-Noranda, Que., recently voted 62% in favor of a new 3-year labor contract. Salaries will have risen by about 19% by t…
Asarco grant
Asarco (NYSE) is contributing a grant of US$200,000 to Montana Tech in the state of Montana to endow a US$150,000 professorship in minerals engineering and provide US$50,000 for scholarships. Active i…
Teeshin acquires 100% of Dome Mountain
For the purchase price of $1.27 million, Teeshin Resources (VSE) has bought the remaining 33% interest in the Dome Mountain project near Smithers, B.C., from its partner Canadian-United Minerals (VSE)…
Wedged hole hits 0.5 oz. gold over 125 ft. at Fontana
Another drill hole on the Fontana property in northwestern Quebec has hit the high-grade (0.48 oz.per ton) zone intersected by Bay Resources and Services (ASE) three weeks ago. Hole JB-200A, a wedged …
FINANCING (March 26, 1990)
VANCOUVER Eurogold Res — gross proceeds rec $225,000. Ticker Tape — 600,000 offered @ 57 cents per unit. Pioneer Northern — 600,000 offered @ 40 cents per sh.