Aurogin drilling kimberlite bets
Diamond drilling has commenced on the first of 12 potential kimberlite targets to be tested this winter by Toronto-based Aurogin Resources (VSE). Aurogin can earn a 50% interest in the properties from…
News
Sale of Investments Boosts Placer Dome Earnings
Despite a $24.3 million drop in earnings from its gold mining operations last year, Placer Dome Inc. (TSE) reported a substantial increase in net earnings for the year ended December 31. Anthony J. Pe…
Vancouver Stock Exchange Calpine busy and better
Gold prices below $400 (US) and increased concern over higher interest rates continued to plague the market here, although a small correction was noticed at press time following some sharp declines in…
Managing resource conflicts in a gold mining paradise
Nevada had a long history of mining booms and mining busts when gold in commercial quantities was discovered in the Carlin Trend. By the latter half of the 1980s, what was happening in Nevada was reco…
Bond Gold, Placer Dome mining in Pickle Lake
After producing more than 21,000 oz of gold during its first four months of operation, the Golden Patricia mine, 40 miles west of Pickle Lake, Ont., looks like a winner for owner Bond Gold Canada Inc….
Ontario Welcomes A Mineral Exploration Federation
Efforts to ensure that mining and exploration get a fair hearing from government stand to gain ground as a result of the recent formation of the Ontario Mineral Exploration Federation (OMEF). OMEF is …
Smaatosum scheduled for production in ’89
The largest exploration program in the Adams Plateau area will be initiated by Minnova Inc. (TSE) whose Samatosum copper-lead- zinc deposit is scheduled for production later this year. The Minnova pro…
Alta Gold owners agree to merger
The two publicly traded companies that own Alta Gold Company, a precious metals producer based in Salt Lake City, Utah, are planning to merge. Silver King Mines (NASDAQ) and Pacific Silver Corp. (NASD…
Golden Terrace drilling Timmins DeSantis property
Recent drilling by Golden Terrace Resources (TSE) at the DeSantis property near Timmins, Ont., has confirmed the presence of a gold zone. Drilling has traced the 733-west gold zone for a strike length…
Marshall, Eden Roc in 2-stage placement
A 2-stage private placement has been entered into by Marshall Minerals (ASE) and Eden Roc Mineral (ASE). In the first stage, Marshall has agreed to purchase 1.5 million shares for $450,000 and will re…
Faced with budget crunches, western states treat miners kindly
With reductions in federal revenue-sharing dollars, many U.S. states are looking at a variety of possible tax adjustments to fill funding shortfalls. Recognizing the vulnerability of their industries …
Moneta pulls good hole in Michaud Twp
The first hole in a winter drill program at Moneta Porcupine Mines’ (TSE) Michaud Twp. property 70 miles east of Timmins, Ont., has intersected 0.47 oz gold per ton over a core length of 12.1 ft. The …