Homestake production climbs
A 15% increase in gold production was achieved by Homestake Mining (NYSE) during 1988. Total output climbed to 781,458 oz which Homestake emphasized “more than offset a $10 per ounce decline in the av…
News
NovaGold drills copper below planned gold pit
A 15-hole drilling program has started on the Murray Brook property, west of Bathurst, N.B. The target is base metals, not gold. Project operator NovaGold Resources (TSE) is drilling the holes to prov…
Noramco Mining tallies massive loss
The loss tallied $61,394,000 by Noramco Mining (TSE) for the first nine months of its current fiscal year testifies to a succession of exploration and development disappointments compounded by the clo…
Treminco targets mill start-up for May
By May of this year, Treminco Resources (TSE) expects to have completed construction of its own 200-ton-per-day mill on the Ptarmigan mine site located about 12 miles from Yellowknife, N.W.T. The new …
Minven initiates study on conventional milling
The feasibility study for a conventional milling operation at Minven Gold Corp.’s (TSE) Gilt Edge mine in South Dakota has been awarded to Bechtel Inc. of San Francisco. The study, which will consider…
Eastmaque aims to expand reserves at California mine
In an effort to increase reserves at its producing Cargo Muchacho gold mine, Eastmaque Gold Mines (TSE) has started its first exploration program since acquiring the California property from Newmont i…
Editorial On the level for 75 years
The First World War was fuelling a boom for Canada’s mining industry in early 1915 when Ben Hughes, a mining columnist for a Cobalt newspaper, and Ernie Hand, a printer, put out the first issue of The…
Cominco Resources underground on Mexican Copper project
An underground program has started at the Maria copper project in Mexico, and assuming satisfactory mining conditions are encountered, partners Cominco Resources International (TSE) and Empresas Frisc…
Storimin/Tandem improve odds
Recent drilling has resulted in a rather dramatic improvement in the mine-making chances for the Moss Twp. joint venture gold project of Storimin Exploration (ASE) and Tandem Resources (ME), The North…
Ponask feasibility study
A feasibility study has been started by Lake Ponask Gold (TSE) on a small zinc-lead deposit in Jamaica. Known as the Hope mine, the property produced an unknown quantity of zinc and lead from 1500-186…
Epp preparing miners for era of deficit control
Even though he was named Minister of Energy Mines and Resources in January, Jake Epp still gets calls from anxious reporters looking for answers on issues from AIDS to daycare. While, the 49-year-old …
Placer Dome options McKenzie Break project
Mining giant Placer Dome (TSE) has signed a letter of intent with Tundra Gold Mines (VSE) to earn a 60% interest in the McKenzie Break gold properties near Val d’Or, Que. The 406-claim group is locate…