Taiwan in market for more gold
The government of Taiwan is in a gold-buying mood again. The Far East nation was extremely active in 1988 when purchases were said to have added 181 tonnes to its gold reserves. International securiti…
News
Ezekiel gets option on Aurizon’s Val d’or claims
Aurizon Mines (TSE) has granted Ezekiel Explorations (VSE) the right and option to participate in a joint venture and earn a 49% interest in 16 claims adjacent to the discovery property of Aur Resourc…
Falco Gold posts good second quarter
Falconbridge Gold Corp. (TSE) should achieve gold sales this year of roughly 90,000 oz, a figure that puts it squarely within the ranks of this country’s tier two gold players. Normal production from …
Alberta Stock Exchange Gold Vessel ahead
While volumes were down substantially from levels seen during the last two weeks of July, there was still plenty of action to consider this week on the Alberta Exchange. The Gold Vessel issue, which h…
Amax bids for Falconbridge
Giant nickel producer Falconbridge Ltd. (TSE) could soon have a new controling shareholder and it may not be Noranda Inc. (TSE). Falconbridge and large U.S. metals supplier Amax Inc. (NYSE) have enter…
Coins and their valuable metal contents
I do not particularly like the new Canadian “loonie” one-dollar coin. It’s another big coin for the pocket. However, it’s not as heavy as the relatively new, ugly heavy brass one- pound sterling U.K. …
American Ore begins exploration at Iskut
American Ore (ASE) has begun its exploration program on the Iskut joint venture property equally owned by American Ore, Golden Band Resources (VSE) and Prime Resource Corp. (VSE). The property is loca…
Drilling completed on 007 gold property
Vancouver-based 007 Precious Metals (VSE) has completed a 10-hole drill program on its Rainbow Island property at Sturgeon Lake in northwestern Ontario. The shallow drill program tested known gold-bea…
Lower Silver, gold prices hurt Callahan’s first half
Lower silver and gold prices brought about a 1989 first-half loss for Callahan Mining Corp. (NYSE). The Arizona-based company produces silver from the Galena and Coeur mines in Idaho, and gold from th…
COATS (over-the-counter) Bonanza active
Rouyn-Noranda-based junior Bonanza Metals has just completed a $768,000 financing and is set to launch a 30,000-ft drilling program next week on the former producing Poirier zinc-copper mine, near Jou…
Earnings up 27% for M.A. Hanna
Net income from operations for M.A. Hanna (NYSE) reached a record level of $20.9 million(US) or 74 cents per fully diluted share in the quarter ended June 30. The Ohio-based company said this represe…
Newhawk drilling hits high grade zone on Sulphurets
Underground drilling and sampling by Newhawk Gold Mines (TSE) has intersected high grade gold and silver values over appreciable widths in a newly- discovered zone on the Sulphurets project in northwe…