Lac gets $48 for Stillwater
A one-third interest in the Stillwater platinum-palladium operation in Nye, Mont., is being sold by LAC Minerals (TSE) for $48 million(C) to its two project partners. Operator of the mine, which opene…
News
Cal Graphite prepares mill; Stewart Lake uncovers new zone
Two juniors exploring for graphite in Ontario report continued activity at their properties. Cal Graphite (VSE) says its $1.1- million exploration program at Graphite Lake north of Huntsville is near …
Calpine Winter Drill Program In Full Gear
Encouraged by the impressive results of an earlier 6-hole diamond drill program, Calpine Resources (VSE) is now in full gear with its winter diamond drill program on the Eskay Creek project located no…
China will host 1990 World Mining Congress
A call for papers has been issued by the organizing committee of the 14th World Mining Congress and Exhibition. “Mining for the future — trends and expectations” is the theme of the congress which wi…
Canadian-United says Teeshin option on Dome Mountain project
The fight has been going on for years but Canadian-United Minerals (VSE) may at long last have the upper hand in its dispute with Teeshin Resources (VSE) over the Dome Mountain project northeast of Sm…
Book Review Oil prospecting
Walter Guppy has probably seen more of Vancouver Island than any other prospector alive today and he’s recounted his experiences in a paperback called WetCoast Ventures: mine finding on Vancouver Isla…
BHP-Utah backs out of Snow Lake deal
The Snow Lake gold property in Manitoba owned by Silver Hart Mines (VSE) and subsidiary Snow Lake Mines (VSE) won’t be optioned by BHP- Utah Mines after all. Although no reason was given for the decis…
Cameco pleased at Hanson Lake
Economic grades of copper and zinc with associated silver values have been intersected over a strike length of 2,000 ft on the Hanson Lake property controlled by Cameco — A Canadian Mining and Energy…
Tundra acquires Lamaque option
Tundra Gold Mines (VSE) has acquired an option to purchase the 50% interest in the Lamaque gold mine property held by Teck Corp. (TSE). Lamaque, which shutdown in 1985 after 50 years of production, is…
Biron Bay options NovaGold gold bet
A definitive agreement is expected within 3-4 weeks which will see a 78% interest in the Summit gold property in New Mexico go to Biron Bay Resources (TSE) and Steeple Rock Mining in exchange for expl…
Palladium maintains steady support
Not as volatile in the marketplace or as expensive as its sister- metal platinum, palladium nevertheless has achieved a following which is keeping its supply more or less in balance with demand. Tendi…
Correction (December 05, 1988)
In a story on the United Western project in Arizona (N.M., Nov 28/88 Sun Valley rehabilitating United western mine shaft), Sun River Gold Corp. (VSE) is the company rehabilitating the Arizona Central …