Based on last year’s exploration results, Hemlo Gold Mines (TSE) will drill five holes totalling between 1,640 and 2,460 ft. on the Kli Yul property, held 55% by Vital Pacific Resources (VSE) and 45% …
A deep hole to test the centre of the western magnetic peak of the Wanapitei anomaly near Sudbury, Ont., is under way, reports Flag Resources (ASE). Flag has a 100% interest in 26,000 acres covering t…
A fire that broke out last month in the headframe of the Mobrun mine shaft near Rouyn-Noranda, Que., will cause a delay of about two months in the exploration and development program on the 1100 lens,…
Gold Funds as of Mar. 2 BGR Central Net Value $8.75 $4.92 Price $6.88 $4.65 Discount 21.46% 5.5% Value $49,032,000 $78,232,995…
Contrary to what appeared in an earlier story (T.N.M., Mar. 1/93), Kalrock Resources (ASE) and a private company controlled by Laurasia Resources (TSE) plan to amalgamate, subject to shareholder and r…
By July of this year, the Canadian unit of Homestake Mining (NYSE) expects to submit an application to government for permission to build a mine at the Eskay Creek project, north of Stewart, B.C. “We …
The mining assets of Westminer Canada, including the Copper Rand and Portage mines and the 3,000-ton-per-day concentrator in Chibougamau, Que., have been purchased by MSV Resources (ME), which wants t…
We may never know what finally persuaded Prime Minister Brian Mulroney to announce his resignation, but we hope it had nothing to do with the current languishing conditions of the mining industry. Fir…
A number of issues posted gains on western markets during the week ended noon, March 3. Trading interest was once again triggered by diamond and gold exploration in the Northwest Territories, as well …
A drilling program is scheduled to get under way by March 15 on DHK Resources’ property in the Lac de Gras area of the Northwest Territories. Using Echo Bay Mine’s winter road camp at Lac de Gras as a…
A mining committee to manage Ontario’s resources is necessary in light of mine closures such as the recently announced shutdown of the Dona Lake gold mine of Placer Dome (TSE) in northwestern Ontario,…
A gold zone has been discovered by partners Newfoundland Goldbar Resources (CDN) and New Island Minerals (ASE) on their 14,300-acre Glover Island property in central Newfoundland. The zone, called the…
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