Cliff’s Olinghouse nears production
Toronto-based Cliff Resources says it is progressing toward production at its Green Hill gold mine at the Olinghouse district, northwest of Reno, Nev. Financed with a project loan bridged to a gold lo…
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Producing mines, exploration help boost economy of N.W.T.
What the Northwest Territories lack in people is more than made up for in size and abundance of natural resources. The sparcely- populated territories, claiming some 34% of Canada’s land mass, played …
High River has successful drill program at Snow Lake
A successful 10-hole drill program has been completed by High River Resources at Nor-Acme Mines’ former producing property near Snow Lake, Man. The mine is being dewatered prior to continuing explorat…
Cullaton Lake: crisis after crisis
On a fall day in 1960, two prospectors were tracking an iron formation through dense, soupy fog on the undulating barren lands near Henik Lakes in the Northwest Territories, about 200 km inland from E…
Gold is down the road, Denison chairman says
Gold might help the share price of Denison Mines, but it’s not likely the company will be into the gold business for some time yet. Following the annual meeting, Chairman Stephen Roman said that the c…
Inco’s VP seeks stricter environmental controls on new
Government funding assistance for new developments should be conditional on meeting environmental standards, says a senior Inco executive. “There is no way that we should have the taxpayer’s money bei…
B.C. Mines Minister wants to abolish mining royalties
British Columbia’s Mines Minister Jack Davis is arguing for a level playing field on taxation and freer markets for the mining industry. Speaking at the B.C. Mining Association annual meeting, Davis s…
Golden Rule expects to do record exploration work
Direct exploration costs in the 1987 fiscal year funded by Golden Rule Resources totalled approximately $4.2 million. But it was exposed to $11 million in expenditures under various joint venture agre…
Queenstake expands horizons from placers to hard rock
After spending a decade building its placer mining base, Queenstake Resources is using cash flow from this sector to develop several hardrock properties. Gordon Gutrath, president, believes a producti…
Imperial Metals
Imperial Metals reports net income for the 9-month period ended Dec 31 of $766,000 or 4.5 cents per share on revenues of $2.7 million. This compares to a loss of $54,000 or 1.4 cents per share after…
Carlson drilling Hemlo-Marathon bet
A 12,000-ft drilling program is being carried out by Carlson Mines and its joint- venture partner Black Gregor Explorations on their Hemlo-Marathon property, north of Lake Superior, Ont. The program, …
Investment Comment Northgate’s cash could help Westfield
With around $200 million in hand from the sale of its mining arm to Australia-based Western ining Corp., Northgate Exploration is well positioned to acquire some new gold properties. The Toronto outfi…