Black Hills ban confounds mining community
The sudden and unexpected announcement that minefinders might soon become outcasts in the Black Hills of South Dakota has angered some explorationists. It doesn’t help that operating mining companies …
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Newhawk’s R-8 appears continuous
Recent infill drilling on the R-8 structure of the Sulphurets property owned 60% by Newhawk Gold Mines (TSE) indicates the zone is continuous to at least the 1,100-metre level. The drilling establishe…
Alberta Stock Exchange Terragold moves up
Newfoundland exploration company Terragold Resources appeared from nowhere during the week ended Jan. 23 to post a 70 cents increase in its share price. Recently listed on the Alberta Exchange, Terra…
Abior options claims in Casa Berardi
An option agreement has been reached between Noranda Exploration, wholly owned by Noranda (TSE), and Exploration Abior (ME) whereby Abior may earn up to a 50% interest in the Dieppe property in Quebec…
Noranda to spend $3.5 million on Abermin property
A recent option agreement between Abermin (TSE) and Noranda Exploration, a unit of Noranda (TSE), could see the senior company spend up to $3.5 million on Abermin’s Hope Bay gold claims in the Northwe…
Bonanza pleased with Poirier drill results
Exploration drilling by Bonanza Metals (ASE) on the Poirier base metal property near Joutel, Que., continues to yield encouraging results, the company reports. Bonanza’s joint venture partner in the p…
Nickel price plunges
Nickel prices have been on a downward slide since the summer and are likely to continue doing so in the short term, says an analyst with Andras Research Capital. Victor Lazarovici said nickel, whose s…
Custom milling agreement, next step for Stratabound
Finding someone willing to custom mill ore from the CNE zinc- lead-silver property near Bathurst, N.B., appears to be the next logical step for Stratabound Minerals (ASE). After releasing the last bat…
Nerco, Alta Gold open new mine
Officials of Alta Gold (NASDAQ) and Nerco (NYSE) held a dedication ceremony in early January to mark the opening of the 4,000-ton-per-day Elder Creek gold mine near Battle Mountain, Nev. The new mine,…
Noranda program boosts reserves at New World
Exploration success during the 1989 field season has resulted in a substantial increase in geologic reserves for the New World gold-silver-copper project owned by Crown Butte Resources (VSE). Prepared…
Dolphin requires government help on Cape Ray project
Dolphin Explorations (TSE) says it has received a final feasibility study on the Cape Ray gold project in southwestern Newfoundland which indicates that, under current economic circumstances, Cape Ray…
Pamorex drill results revive interest in Upper Beaver mine
Some innovative geological thinking has been used to define a new, interesting-looking drill target beneath the underground workings of the old Upper Beaver mine property, near Kirkland Lake, Ont. Pam…