South American’s gold bets look promising
Exploration activity on both the Akaiwong and Aurora properties in Guyana is uncovering good gold grades for South American Goldfields (TSE). Testing a strong geophysical anomaly on the Akaiwong prope…
News
Exploration for copper-gold in B.C. should heat up in `90
Mining came to British Columbia early in the 19th century with development of coal on Vancouver Island to supply steamships and in 1858 with the Cariboo gold rush. The completion of the Canadian Pacif…
Santa Fe’s U.S. landholdings makes public offering inviting
Santa Fe Pacific Minerals, a unit of Santa Fe Pacific (NYSE), only became a precious metals producer in 1988, but it’s safe money to bet the company will emerge as one of the more significant players …
Hopes for metal find raised by Thunderwood drill results
A copper-rich alteration zone that might act as a feeder system for a massive sulphide deposit was reported recently by partners Thunderwood Resources (TSE) and Greenstone Resources (TSE) on their Sco…
Cominco, Normetal, La Sarre strike exploration agreement
An exploration financing agreement has been finalized between Cominco (TSE) and two Quebec juniors Normetal Mining Exploration (ME) and La Sarre Mining Exploration (ME). The 3-year exploration agreeme…
Toronto Stock Exchange Indices (April 23, 1990)
Apr. 17 Apr. 16 Apr. 13 Apr. 12 Apr. 11 HIGH LOW Composite “300” 3513.30 3549.29 Holiday 3561.12 3565.77 4009.47 3513.30 Metals & Minerals 2985.22 3029.46 Holiday 3061.61 3092.75 3453.05 2921.03 Integ…
Gold Commissioner upholds claim to Eskay area property
Ken McKenzie, the mysterious interloper into the Eskay Creek gold camp north of Stewart, B.C., has won a partial victory in his bid to secure ownership of highly prospective claims located adjacent to…
Skyline still struggling at Johnny Mountain mine
Despite substantial increases in throughput and gold recoveries, Skyline Gold (TSE) has yet to achieve commercial production at its wholly owned Johnny Mountain gold mine in the Iskut River district o…
Eastern to drill gold anomalies on Shamrock
Having received favorable indications from overburden testing on its Shamrock gold property in Newfoundland, Eastern Goldfields (COATS) plans to engage in a program of drilling and trenching this summ…
Kachmar resigns Dickenson post
The president of Dickenson Mines (TSE), John Kachmar, resigned his position at the company annual meeting. Kachmar, who had been with the company for nine years, including the past four years as presi…
Bacterial oxidation process produces gold for U.S. Gold
It has taken more than two years and US$31 million, but Denver-based U.S. Gold (NASDAQ) recently poured the first gold produced from a new bacterial oxidation process developed at its Tonkin Springs g…
FINANCING (April 16, 1990)
A-X Metals — 900,000 offered @ 55 cents per sh. Sarabat Gold — min 500,000 offered @ 50 cents per sh. Covenant Res — min 500,000 offered @ 45 cents per sh. Trades reported by QSC…