INSIDE Pioneer problems
Pioneering mine operators are finding it rough going in northwestern British Columbia north of Stewart, B.C. Three recently opened mines are all facing problems that weren’t contemplated back in 1986-…
News
Breakwater’s efforts at Estrades typical of challenges facing (June 18, 1990)
The approach road to the Estrades project site, floating as it does in the midst of a swamp, gives some indication of the unique difficulties Breakwater Resources (TSE) has to overcome in preparation …
Pre-feasibility under way at Athabaska Gold project
Drilling at the Nicholas Lake gold project held by Athabaska Gold Resources (TSE) and Chevron Minerals has been placed on hold while the partners complete an initial feasibility study. Situated 60 mil…
Gibraltar survived downturns to profit when copper is up
British Columbia’s Cariboo region is a land of old mountains, weathered down to undulating hills. Near the top of one of them is the Gibraltar mine, as steady a copper producer as the famous rock that…
Placer stands by cash offer to buy Stikine shares
Shareholders of Stikine Resources (TSE) will have the opportunity to accept buy- out offers for their shares from either Corona (TSE) or Placer Dome (TSE). Both major companies recently announced offe…
Looking beyond North America for exploration opportunities (June 18, 1990)
More than ever before, Canadian juniors are now looking overseas for new investment opportunities as exploration heads for a slowdown at home. A brief survey of junior mining companies by The Northern…
Galactic adds new blood, Friedland steps back
After a decade as the driving force behind Galactic Resources (TSE), Robert Friedland has stepped aside as president and chief executive officer to turn over the helm of the company to a management te…
Exploration software catches on (June 18, 1990)
It still takes a great deal of field work. Dozens, sometimes hundreds, of drill holes still have to be sunk. But, more and more, exploration work is being simplified, thanks to computer software. At l…
SPOTPRICE2
Week’s Price (US) Change Gold* $353.00 — $6.80 Silver* $4.99 — $0.10 Platinum* $484.40 — $7.35 Nickel** $3.79 + $0.14 Lead** $0.37 — $0.00 Copper- $1.16 — $0.03 Zinc $0.76 — $0.03 Courtesy of Sc…
Westmin secures deal with Tenajon
A formal agreement for the development of the SB gold-silver property near Stewart, B.C., was recently announced by Westmin Mines (TSE) and Tenajon Resources (VSE). Under its terms, Westmin can earn a…
Vancouver Stock Exchange Trading buoyed by Eskay play
Up until the week ended June 12, gold’s dismal performance wasn’t putting much of a damper on trading activity on the Vancouver Stock Exchange. In fact, recent increases in both volume and value of sh…
Corona secures ground near Nickel Plate mine
In a complex series of transactions, Corona (TSE) has secured ownership of claims it considers strategic to the operation and longevity of its Nickel Plate gold mine near Hedley, B.C. Based on a recen…