News

With this year’s first-phase drilling program on the South Kemess property complete, 60% owner and operator El Condor Resources (VSE) is predicting a doubling of reserves. St. Philips Resources (VSE) …

After 42 years of production, the Campbell mine in northwestern Ontario’s Red Lake gold camp is pouring record amounts of gold, and capital investments are expected to boost throughput in 1992 and 199…

Government bureaucracy and a claims dispute are holding up exploration work on what is probably the best gold discovery in Quebec in the last year, says Mackenzie Watson, president of Freewest Resourc…

Calgary-based Champion Bear Resources (ASE) has moved two drill rigs on to its Oneman Lake property, which stretches for 25 miles along the Separation greenstone belt north of Kenora, Ont. The propert…

Raising money for new mine projects is no easy task for junior companies these days, which explains the slow but steady progress being made by Imperial Metals (TSE) to arrange financing for the Parys …

Vancouver-based junior Bema Gold (TSE) has taken advantage of the competition between engineering firms to narrow the risk of building its 50% owned Refugio gold project in Chile, says Chairman Clive …

Additional drilling on the Gold zone at the Samatosum mine near Adams Lake, B.C., indicates that the life of the mine will be extended. The Samatosum, with current reserves good until October, 1992, i…

Already North America’s largest gold producer, Newmont Mining (TSE), has joined the race to be the first U.S. company to successfully use the gold recovery process known as bioleaching. A number of No…

Harry Michie, who for 40 years was active in the Canadian gold mining industry as a geologist, recently died in Toronto. He was 66. For almost two decades, Michie was associated with the Coniagas Mine…

Investors were in a buying mood during the holiday-shortened week ended Oct. 15, with both the market portfolio and mining and minerals index recording impressive gains. The former jumped by more than…

Hemlo Gold Mines (TSE) has estimated preliminary reserves at the Lightning zone to be 5 million tonnes grading 0.27 oz. gold per tonne (5.5 million tons grading 0.25 oz. per ton). An incorrect figure …

BGR Central Net Value $8.43 $5.03 Price $7.88 $4.400 Discount 6.57% 12.5% Value $50,185,674 $74,026,920…