Sparton vends out Lac St. Jean bet
Vancouver-based Yellow Band Resources (VSE) has expanded its interests in the Dolbeau area of Quebec to include a group of 31 claims held by Sparton Resources (TSE). Located about two miles north east…
News
Bakra considers alternatives as Sannorm drilling resumes
Some additional results were released recently from Bakra Resources’ Sannorm property in Manitoba where the company has succeeded in outlining three zones. The latest results from a 14-hole program fi…
Towns grow from mines
The development of the Hemlo gold deposits is an often- cited example of the impact of mine development on nearby communities. The population of Marathon has grown to 5,200 from 3,050 and Manitouwad…
Duration, Aurogin active at Batchewana
Duration Mines (TSE) is allowing its Theresa gold property to flood as a cost savings measure. The company explains that the cost of keeping the underground workings dry far exceeds the cost of future…
Cyprus adopts protection plan
Cyprus Minerals Company has adopted a complex rights program which its chairman, John Duncan, claims will provide “additional protection against abusive takeover tactics, such as partial tender offers…
1988 — a year for important Quebec developments
In Quebec, 1988 was marked by the completion of important development projects which came to fruition. Seven gold and two base metal mines went into production, with gold production during the first n…
Explorers say it’s cheaper to find gold in Nevada
The recent announcement from Great Britain that Minerals and Resources Corp. (Minorco) has been given the go ahead to bid for Consolidated Gold Fields sparked renewed interest in the Nevada gold belt….
Metal Prices FUTURES PRICES (March 06, 1989)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Mar137.20 135.50 136.70 + 2.20 Apr132.00 132.00 134.20 + 3.10 May131.50 128.00 131.2…
Bond Gold, Placer Dome mining in Pickle Lake
After producing more than 21,000 oz of gold during its first four months of operation, the Golden Patricia mine, 40 miles west of Pickle Lake, Ont., looks like a winner for owner Bond Gold Canada Inc….
Leaching site gives Durga chance to generate cash
Busy Durga Resources (ASE) recently acquired the facilities it needs to process 10,000 tons of tailings material at the Boss mine gold project in southern Nevada. Having secured an interest in Silver …
Assoc. Porcupine vote approves merger with Amer. Reserve
American Reserve Mining Corp. (VSE) reports that over 99% of the shareholders of Associated Porcupine Mines (TSE) have voted to amalgamate with a wholly-owned subsidiary of American Reserve to form Pa…
Orebodies right under your nose
If 13 years ago I had offered you the exact location of the Hemlo gold deposit, would you have been interested? As a matter of fact, I did. A total of 3,500 people were provided with the information, …