VSM/Serem, Dundee in property deal
A letter of intent has been signed between Dundee-Palliser Resources (TSE) and exploration partners VSM Exploration (ME) and Serem-Quebec which will allow VSM/Serem to earn a 50% interest in Dundee’s …
News
Mining Hall of Fame grew from an off-the-cuff remark
Back in December, 1987, I received a call from Ray Goldie, vice-president and mining analyst at Richardson Greenshields, who headed the Toronto Geological Discussion Group. Would I address their annua…
Asarco agrees to explore Fortune bet
Exploration for gold-bearing iron formations on the Russell Lake claims in the Northwest Territories will continue following an agreement between Asarco (NYSE) and Fortune Minerals (COATS). Asarco has…
U.S. REPORT Roaster facility tops design rate
A roasting facility at the Big Springs gold project in Nevada recently completed its first year operating 15% above the design rate of 1,000 dry tons per day. For the first 12 months of the operation …
PEOPLE COLONY PACIFIC EXPLORATIONS
Walter Segsworth, Bruce McKnight and Harlan Meade have been appointed to the board of directors succeeding Richard Ostrosser, Donald Webster and Arthur Soregaroli who resigned.
Placer sells Canadian oil and gas assets to Poco, Amerada Minerals
As part of a plan to rid itself of non-mining assets, Placer Dome (TSE) has agreed to sell Placer CEGO Petroleum Holdings, its Canadian oil and gas subsidiary, to Opus Acquisition, a company owned by …
Mosquito share shift
Through the recent acquisition of 1.15 million shares, Cameron McFeely has increased his stake in Mosquito Consolidated Gold Mines (VSE) to 28.3%. The private transaction between McFeely and Calgary-b…
Adrian starts drill program
A diamond drill program is under way on the Ski project held by Adrian Resources (VSE) in the Eskay Creek district of northwestern British Columbia. The program is designed to test the extension of th…
New reserves make Boddington mine Australia’s largest
Contained gold reserves at the Boddington deposit have increased by 616,000 oz., making the gold mine Australia’s largest. The additional reserves boost Boddington’s total minable reserves to 3.07 mil…
U.S.REPORT Goldstake selling tailings interest
A 40% interest in the Whitewood Creek tailings project outside of the Black Hills of South Dakota has been put up for sale by Goldstake Explorations (TSE). The company made no mention of the impending…
Gold regulations, taxes in 13 nations subject of report
New gold regulations and taxes in 13 nations are covered in a revised edition of Gold Regulations & Taxes for Mining, Refining, Manufacturing & Trade in Thirteen Countries. The nations surveyed are Au…
Correction Nicholas Lake
A preliminary reserve estimate of 1,228,000 tons grading 0.36 oz. gold per ton, with a dilution factor of 16%, has been reported by Athabaska Gold Resources (TSE) and Chevron Minerals for the Nicholas…