Barrick drills new zone east of Holt-McDermott
American Barrick Resources (TSE) is drilling what a company official has described as an “interesting new zone” on the Mattawasaga property, east of Barrick’s Holt-McDermott gold mine at Kirkland Lake…
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Inco, Golden Knight renew Casa Berardi exploration
This month marks the start of a 15-month exploration program at Casa Berardi Est gold mine in Quebec of Inco Gold and Golden Knight Resources. The program is designed to define the mine’s resources in…
Windy raises cash
Through a private placement of 25 units, Windy Mountain Explorations (COATS) has raised $706,250 for further exploration at the MacLeod Lake copper property, north of Chibougamau, Que. Each unit consi…
Noranda options Deception Lake bet
A drill program operated by Noranda Exploration is expected to begin shortly on the Deception Lake polymetallic prospect north of La Ronge, Sask. The unit of Noranda (TSE) has an option to earn a 70% …
PROFILE Parres stockpiles his laurels
Whenever the subject of mining in Manitoba comes up, the Parres family is likely to be mentioned. Lew, for one, was dubbed prospector of the year for 1988 by the Prospectors and Developers Association…
NorthWest moves to cap cost of fuelling Colomac gold bet
NorthWest Gold (AMEX), a subsidiary of Northgate Exploration (TSE), has taken steps to limit the cost of fuelling its 200,000 oz.- per-year Colomac gold project in the Northwest Territories. As the pl…
Lyon begins testing large, low-grade gold deposit in Costa Rica
The first few holes of a 21-hole drill program on the Beta Vargas property in Costa Rica are confirming the presence of a large, low- grade gold deposit. Assays from Lyon Lake Mines’ (ME) first hole o…
Drilling company has followed fortunes of mining since 1926
One of the world’s most prolific underground and surface diamond drilling contractors, N. Morissette Canada Inc. has drilled more than 55 million ft. of diamond drill core since its founding in 1926. …
Mining active when Toronto was just an outpost
Thunder Bay, Ont., has played a direct part, as has all of Northern Ontario, in the mining community. In many respects, northern Ontario, as well as northern Quebec, have been the seminal geographic f…
Toronto Stock Exchange Oil price shock may foreshadow gold rally
Neither fear of a Mid-East war nor a sharp increase in the price of crude oil could engender much enthusiasm for gold stocks on The Toronto Stock Exchange during the week ended Oct. 9. But, in the cur…
Thunder Bay services exploration needs
Although mining has not historically been a key economic factor in the Thunder Bay area, exploration activity has continued to be strong with a significant growth trend. According to the Thunder Bay E…
Mining succeeds despite burdens being placed on it
To anyone who has never lived in the north, the importance of mining may not be readily apparent. There are no well-publicized statistics on the role mining plays in the economies of northern areas of…