Varna increases stake in Tilt Cove
Varna Gold (ASE) has signed an agreement allowing it to buy the remaining 30% interest in the Tilt Cove property on Newfoundland’s Baie Verte Peninsula. The interest will be acquired from Gingrich Exp…
News
Editorial Blame it on flow through
There’s a new excuse for mining projects that don’t turn out the way a feasibility study said they would. Like most good excuses, this one can be used by just about anybody for just about any project….
LAC boosts interest in Quebec property
Recently increasing its interest by 15% in the polymetallic Eustis- Moulton Hill properties in Quebec’s Eastern Twps. region was LAC Minerals (TSE). LAC boosted its interest to 65% by paying $194,000 …
Cons. Jalna testing potential of Purdex bet
Based on encouraging results from its 1988 drill program, Consolidated Jalna Resources (VSE) is planning a further 30,000 ft of drilling for 1989 on its Purdex property located west of Kenora, Ont. Th…
Goldteck pleased with test work
Favorable results have been received from metallurgical test work carried out on drill samples from the Bellview property along Nevada’s Carlin Trend, Goldteck Mines (TSE) reports. The results indicat…
Kidd Creek purchase by Noranda rumored
A street rumor that Noranda Inc. (TSE) has offered to purchase the copper-zinc Kidd Creek mine from Falconbridge Ltd. (TSE) has been discounted by both companies. Noranda Minerals President Keith Hend…
Newhawk continues underground program
With an interim budget of $2.3 million, Newhawk Gold Mines (TSE) is continuing exploration on its 60%-owned Sulphurets project in northwestern British Columbia. Granduc Mines (TSE) holds the remaining…
Letter to the Editor Will the court decide?
Can you explain the withholding of a verdict, or finding in the Corona versus Lac case by the Supreme Court of Canada? I would expect Canadian firms have a right to a speedy “trial” as they do in the …
Ottawa eases regulations for CEIP grants
Bureaucratic concerns about detailed supporting documentation needed for applications made under the new CEIP (Canadian Exploration Incentive Program) have led to some streamlining of the regulations….
Lawyers operating despite strike
A number of unionized workers employed at the Lawyers gold-silver mine in the Toodoggone region of northwestern British Columbia have walked off the job. Despite the legal strike, Paul Girard, preside…
Concessions sought on mineral tariffs
The American Mining Congress (AMC) has called on United States negotiators at the Uruguay Round of trade negotiations to seek concessions on minerals and metals tariffs from consuming nations to ensur…
Asarco installing recovery facility
A new facility to recover silver and gold will be installed at the lead refinery of Asarco Inc. at Omaha, Neb., the company reports. The state-of-the-art precious metals facility will replace an exist…