News

Card Lake Resources continued its upward climb to a high of $2.50. The company is busy with an exploration project on ground in the Harker-Holloway area north of Kirkland Lake, Ont. Winteroad Resource…

A veteran Canadian gold producer and a young American mining company with international exposure are teaming up to explore a large block of claims held by the former in the Casa Berardi area of Quebec…

The Mines Accident Prevention Association Ontario has presented its first Awards of Excellence for outstanding safety achievements in four sectors of the province’s mining industry — underground mine…

Alotta Resources has pulled what it describes as “the best hole yet” on its Mineral zone project in Idaho, adding to management’s conviction that it has its teeth into a sizeable and good grade open p…

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) June 69.40 69.10 69.40 + 4.10 July 69.40 67.0…

A majority of issues were listless traders this week, as gold prices behaved erratically. One of the most intriguing movers was Jerome Gold Mines, a generally inactive company. The issue closed at a n…

Thirteen of the 15 locals at Stelco Inc. have ratified a new 3-year contract. Included in that total is the key Hilton local in Hamilton. One local, in Burlington, was voting at presstime. The Parkdal…

Seems like most everyone is turning more and more to gold these days. Its appeal has even caught the fancy of giant General Motors, which obviously recognizes the attraction it holds. The big firm’s…

The Florida Canyon mine, in Nevada, (85%-held by Pegasus Gold of Vancouver) has installed a 457-m mobile conveyor and ore-stacker. Manufactured by the R.A. Hanson Co. of Spokane, Wash., the mobile con…

Quebec Mines Minister Raymond Savoie says the federal government would be “shooting itself in the foot” if it were to eliminate flow-through share financing for mineral exploration. “I would also be g…

What is a royalty? In virtually all cases, it is a right to be paid money. Whether or not a royalty-holder will ever actually receive any payments may be open to question and will depend upon a number…

Robbins Manufacturing has introduced a new 50,000-lb pulldown blasthole drill capable of drilling 9-in diameter holes. The unit features a Caterpillar 3406 engine rated at 402 hp, a 950-cu-ft- per-min…