Scot, Beauchamps deal
Beauchamps Exploration (VSE) has granted an option to Ascot Resources (VSE) which gives Ascot the right to earn a 50% interest in the company’s 6,000-acre pro perty in the Stikine area of northwestern…
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Rayrock, partners place Marigold into production
A new heap leach gold operation in northern Nevada, the Marigold mine, has enered commercial production. Operated by Rayrock Yellowknife Resources (TSE), the mine will produce a projected 60,000 oz pe…
No Ghost Town From Atlas Copco Comments, a publication of Atlas
One of the facts of life in the mining industry is that every ton of ore taken from a deposit reduces the productive life of that deposit by one ton. If the process continues, eventually no more tons…
Gold/copper values encourage Fancamp
A copper/gold discovery, which may be related geologically to some of the established producers in the Chibougamau, Que., region, was reported re cently on Fan camp Resources’ (VSE) Lemoine Twp. claim…
Ego drill results spark trading spree
A recent trading spree involving the shares of Ego Resources (TSE) has been attributed by the company to drill results released this week from its BB Lake zin c property in the Northwest Territories….
Nalcap seeks liquidation of Equity Preservation
If Nalcap Holdings’ (VSE) President Michael Smith has his way, the main item of business at the next meeting of Equity Preservation Co rp. will be a proposal to liquidate the company. Nalcap, which c…
Corona finds new zone at Varna Gold project
Drilling on Ming’s Bight property of Varna Gold (ASE) in Newfoundland continues to yield some interesting results. Exploration there is being financed by Toronto-based Corona Corp. (TSE), which can e…
Motherlode mine to produce by year-end
With all necessary permits in hand, construction of a 2,500-ton- per-day heap leach mine has started on the Mother Lode gold property near Beatty, Nev. Commercial production is slated to begin in Dece…
Sikaman, partners announce start- up for mine in Ghana
A production decision has been announced for the Bogosu gold project in Ghana, Africa, with the start-up scheduled for the third quarter of 1990. One of the project partners, Sikaman Gold Resources (…
Montreal Exchange More legal action
Mixed results highlighted a holiday-shortened trading week, with the market portfolio gaining almost 9 pts and the mining and minerals index droppi ng almost 8 pts. Daily volumes were consistent, rang…
Jonpol on track in Garrison Twp
An exploration shaft on Jonpol Explorations’ (TSE) and T & H Resources (TSE) joint venture property in Garrison Twp. in northern Ontario has reached a depth o f 66 ft, President John Pollock told sha…
Hemlo grades decline at depth
One assumption about the Hemlo orebodies has been that the gold grade consistently rises and the deposit widens with depth. That’s only half true. In both the Golden Giant mine, operated by Hemlo Gol…