U.S. REPORT Silver coin sales show huge jump
More than 11.7 million oz. silver went into the minting of silver legal tender bullion coins in 1989, up by 49% from the previous year, The Silver Institute of Washington, D.C., reports. The U.S. Amer…
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Fairfield still finding new targets on Elk property
Several decades ago, the district surrounding this peaceful community was crawling with prospectors and geologists aspiring to find a “company-builder” copper deposit similar to ones found at the near…
Placer increasing position in Gerle
Pursuant to its Aug. 2 agreement with Gerle Gold (VSE), Placer Dome (TSE) has acquired 750,000 shares of the company at a price of 53 1/3 cents per share. Of the placement, 562,500 shares are designat…
Gallery ships gold
Edmonton-based Gallery Resources (ASE) has begun production at its Hannandor placer gold mining operation in British Columbia. The first gold shipment of 120 oz. has been sent to the Englehardt refine…
Low Akiko assays
Marginal assay results have been reported by Akiko-Lori Gold (VSE) from recent drilling on the company’s Catharine gold project near Kirkland Lake, Ont. The project is a 50/50 joint venture between Ak…
PEOPLE CHENI GOLD MINES (September 03, 1990)
Edwin Phillips appointed chairman of the board succeeding Malcolm Taschereau who resigned.
PEOPLE HOMESTAKE MINING CO.
Gene Elam appointed vice- president and chief financial officer.
Corona buys stake in potential zinc mine
By increasing its stake in Conroy Petroleum and Natural Resources to 27.6%, Corona (TSE) is gaining a position in what could be a major lead-zinc producer. Conroy is developing a large, shallow, lead-…
Ascot, Beauchamps commence drilling
A drilling program is under way at a polymetallic project near Kiniskan Lake in the Iskut-Stikine area of British Columbia, Ascot Resources (VSE) and Beauchamps Exploration (VSE) report. Ascot, which …
Mimiska acquiring Red Lake property
A 42-claim property in the Red Lake mining camp in northwestern Ontario is being purchased by Societe Miniere Mimiska (ME). An agreement with three individuals — Michael Desmoulins, Perry English and…
Curragh raising $170 million to offset debt, Mt. Hundere
Toronto-based Curragh Resources (TSE) is close to finalizing a $125-million long-term financing package designed to offset debts acquired as Curragh completed the acquisition last year of a 20% stake …
Impressive Teddy Bear has long history
Ross Hofmann, chairman and majority shareholder of little- known Teddy Bear Valley Mines (COATS), likes to tell the story of how he became a member of the Gold Plugged Drill Bit Society. Hofmann, 70, …