News

Thirteen new gold mines that are expected to start up this year in the United States will add more than a half-million ounces of production capacity to that country’s annual gold production, the Metal…

A new mill for Kirkland Lake and a decision to develop Bousquet No 2 mine in northwestern Quebec have been announced by Lac Minerals. The $13-million mill, to process ore from Lac’s Macassa operation …

A percussion drilling program is planned to start this month, X-Cal Resources says. The work will be performed on the company’s Tyax property in the Bridge River- Bralorne area of B.C. Previous work o…

Date May 12 May 11 May 8 May 7 May 6 Gold London Bullion Dealers afternoon (morning) $US per oz. 460.70(460.25) 453.00(454.75) 453.00(456.70) 456.25(457.40) 456.25(456.7…

“Dramatic and positive changes in the company’s affairs have taken place during the past year and it is expected that this trend will continue this year with the company heavily involved in a number o…

A letter of intent under which Pencrude Resources will be able to earn a 50% working interest in 257 claims held by Interquest Resources in the Moss Twp.-Powell Lake area of northern Ontario has been …

In the red since its reorganization in 1983, Inspiration Resources of New York has reported a net profit of $38 million for 1986, compared to a net loss of $291 million for the year before. Inspiratio…

Geddes Resources is well ahead of schedule in its work on a 5,500-ft adit to explore the gold zone of the sulphide deposit at its big Windy Craggy copper-gold-cobalt-zinc project, in northwestern B.C….

Noramex Minerals says a $200,000 exploration program is under way at its Bunce gold project near Lovelock, Nev. The work is being funded by Calvada Resources which can earn a 60% interest for $1.6 mil…

The most active mining stock on the Alberta Exchange this week was Jascan Resources, up 10 cents to $2.80, a high for the year, on 1,225,100 shares. Jascan, which is indirectly associated with the mi…

The market has entered a consolidation phase which is not surprising given the incredible momentum it’s shown in recent months. This is actually quite normal for this time of year because companies ar…

Sunrise Metals Corp. (vse) has optioned its Mayfair gold property in the Atikokan-Fort Frances area of northwestern Ontario to Noranda Exploration Co. Under the terms of the agreement, Noranda can ear…