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…
News
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…
Silidor partners plan 1990 opening
The joint venture Silidor gold project three miles west of Rouyn- Noranda, Que., is scheduled to enter production in January, 1990. Partners Noranda Minerals, Cambior Inc. (TSE) and Nova-Cogesco Resou…
Second leach pad for Coral Gold
By bringing on stream a second and much larger heap leach facility at the Robertson gold mine in Nevada, Coral Gold Corp. (TSE) is aiming to reach an annualized production rate of 40,000 oz by the end…
Gowest, Texmont drilling Tully find
A major drilling program is expected to get under-way this year at the Gowest Amalgamated Resources (ASE), New Texmont Explorations (ASE) gold property at Tully Twp. north east of Timmins, Ont. Plans …
Placer output starts at Gold City project
Klondike placer gold miner Gold City Resources (ASE) is back in business again at its Indian River project in the Yukon’s Dawson Mining District. Gold City is one of at least six public and more than …
Watts, Griffis wins contract
A $7-million contract has been awarded to Watts, Griffis and McOuat, a Canadian geological consulting company by the Ministry of Petroleum and Mineral Resources of Saudi Arabia. A team of 15 Canadian …
Operating Canada’s Mines Challenge and excitement drive IMC’s
David Kelland chose mining as a career 35 years ago because he was looking for something active, challenging and exciting — a career that would take him out of the city and give him the opportunity t…
Montreal Exchange Silidor going ahead
Investors in resource issues appeared to enjoy themselves this week, sending the mining and minerals index soaring with a gain of more than 101 pts. The market portfolio also did well for itself, jump…