News

U.S. REPORT Gold slump forces cutback for Alta Gold

Weak gold prices are starting to take a toll on mining operations across North America, and heap leach mines appear to be no exception. For Alta Gold (NASDAQ), the combination of low gold prices and h…


Spot prices at a glance (July 16, 1990)

Week’s Price (US) Change Gold* $353.70 — $7.55 Silver* $4.81 — $0.13 Platinum* $477.65 — $11.10 Nickel** $4.08 + $0.18 Lead** $0.41 $0.00 Copper- $1.28 + $0.08 Zinc– $0.80 + $0.05 Courtesy of Scot…


BRIEFS

In Nanaimo, B.C., 14 teams from mines in the province participated in rescue and first aid contests. Among the winners were Highland Valley Copper (provincial open pit champions); Cominco Sullivan min…


PEOPLE AKIKO-LORI

Michael Levinson, Akiko Levinson, Hiroshi Ogata, Alphonse Schmit and Albert Raponi elected to the board of directors; J.P. Sorbera appointed vice- president in charge of mineral exploration.


Musto back on track after reorganization

Following a recent reorganization, Musto Explorations (VSE) is once again trading on the Vancouver Stock Exchange. The company ran into trouble in mid-1987 when it was forced to close its Apex Mine ne…


B.C. companies win reclamation awards

Westar’s Balmer coal operation in the Elk Valley of British Columbia won the top provincial award this year at the 14th annual mine reclamation symposium held recently in Cranbrook. Westar was present…


Noront joins ranks of Eskay hopefuls

In exchange for $115,000 and 100,000 shares, Noront Resources (VSE) has snapped up a 50% interest in a 16-claim block north of the Eskay Creek gold play. The claim block is adjacent and just north of …



New management for TerraGold

A deal is in the works that will see control of TerraGold Resources (ASE) pass from Jascan Resources (TSE) to Laurasia Resources (TSE) and Actuate Financial Consultants. Under the terms of a recent ag…


Breakwater drops option on Lenora turf

Disappointing results from the Greater Lenora Resources (TSE) claims just north of the Estrades mine site at Joutel, Que., have prompted Breakwater Resources (TSE) to drop its option on the property. …


Golden Queen calculates reserves

After incorporating results from a drill program completed last November, Golden Queen Mining (VSE) recently announced a hand-calculated mineral inventory for its Soledad Mountain gold property in Ker…



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