News

Aur to complete 20,000 ft program at Louvicourt bet

A new $3-million surface exploration program is under way after a short delay at the massive sulphide discovery, east of Val d’Or, Que., of Aur Resources (TSE) and Societe Miniere Louvem (TSE). “Our o…


Sphinx project

A small heap leach project near Amos, Que., is set to resume operation in early May after a winter break, Sphinx Mining (ME) reports. Last autumn the company extracted a 40,000-ton bulk sample from on…


Gold funds as of Mar. 27

MVP BGR Central Capital Net value $12.09% %$6.06% $0.40% Price $10.75% %$6.62% $0.29% Discount 11.08% %9.3%5 27.5% Value $71,973,764 $102,052,117 N/A…


Garbage in — Garbage out

Consider the opportunity to invest in one of two mine development projects. Both are gold mines in northern Ontario, both have the same grade, the same reserves and the same operating conditions. The …




New promise for gold, silver in Minnesota

Recent geologic studies in northern Minnesota indicate a greater potential for gold and silver in the area than was previously estimated, J.R. Clark, a U.S. Geological Survey scientist, told a meeting…


New Horne contract

More than 700 unionized workers at the Horne division of Noranda Minerals at Rouyn-Noranda, Que., recently voted 62% in favor of a new 3-year labor contract. Salaries will have risen by about 19% by t…


Jonpol seeks financing for Garrison Twp. plans

Having extracted a 2,200-ton bulk-sample program on their Garrison Twp. Newfield gold project near Cochrane, Ont., partners Jonpol Explorations (TSE) and affiliate T & H Resources (TSE) are waiting fo…


COATS (over the counter) Black Gregor drops

Effects of the dramatic drop in the gold price for the week ended March 27 were felt even by some of the small traders on the over-the- counter market. Despite the discovery of three “promising” gold …


Deak Res. completes Kerr mill purchase

Total consideration paid to creditors of bankrupt Golden Shield Resources by Deak Resources and GSR Mining is valued at about $10.6 million, Deak reports. In addition, eight million shares of GSR are …


Glen Auden active on Noranda claims

The latest phase of a diamond drill program consisting of seven holes (5,216 ft.) has been completed on the Joburke Mine project, west of Timmins, Ont. Glen Auden Resources (TSE) says targets previous…


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