Grade, tonnage up at David Bell mine
Increased ore reserves at higher grades have been announced for the David Bell gold mine at Hemlo in northern Ontario. Additional tonnage at lower levels, an increase in the average width of mineable …
News
PEOPLE (January 16, 1989)
PEGASUS GOLD INC. — John M. Willson appointed president and chief executive officer succeeding James H. Foreman who at the same time was elected chairman of the board.
COMDA shows results at halfway point
The Canada-Ontario Mineral Development Agreement (COMDA) has passed the halfway mark of its 5-year term showing significant results in all programs, a recent progress report says. The $30-million fede…
Frederick M. Connell, 1883-1980
The citation accompanying the 1973 Inco Medal awarded to Frederick M. Connell, probably said it all: “In recognition of the leading part he has played as a mine-finder and mine- maker, placing his nam…
Gamsan intersects high grade zone at Brabant Lake property
Assay results from recent drilling on Gamsan Resources’ (ASE) Brabant Lake property in northern Saskatchewan have confirmed the presence of a lens of high-grade polymetallic mineralization. Gamsan’s 1…
Jules R. Timmins, 1889-1971
Jules Timmins’ finest hour, and his claim to mining fame, occurred when he brought into being the iron ore fields of northern Quebec and Labrador, in one of the greatest projects in Canadian mining hi…
Roddy settles debts issue
The board of directors of Roddy Resources (TSE) has approved the settlement of debts owing to the company’s chairman, Walter Callum. Under the settlement, subject to all required approvals, Callum wil…
Queenston hopes riding on Kirkland, Anoki bets
With its Anoki gold project in the feasibility stage and underground exploration under way at the Kirkland West property near Kirkland Lake, Ont., Queenston Gold Mines (TSE) is hoping to become a gold…
FINANCING (January 16, 1989)
VANCOUVER Bellwether Res Ltd — rt exerc on 175,000 @ 55 per sh. Moongold Res Ltd — 600,000 sold for gross $210,000. West Pride Ind Corp — rt exerc on 457,266 @ 66 per sh. Mishibishu Res Ltd — 1,…
Wawa link to gold mines going ahead
Surveying and clearing work will proceed this winter on a road to link Wawa and Dubreuilville to the Kremzar and Magino gold mines, Northern Development Minister Rene Fontaine said. “I believe that th…
Earnings Reports (January 16, 1989)
U.S. Gold Corp. of Denver, Colo., reports net income for the 3-month period ended Sept 30 of $352,000 (US) or 1 per share on revenue of $1.9 million. For the same period a year earlier the company re…
Editorial Rationalizing Canadian Coal Markets
If coal is such a hard sell these days, why not convert the energy contained in the rock into a form that is more salable? Two coal mining companies in British Columbia’s Elk Valley, for example, ar…