B.C. Heap Leach Project Re-opens
Since re-opening its heap leach operation at the Union Mine near Grand Forks, B.C. in April, Sumac Ventures (VSE) produced 282.7 oz gold and 8,552.5 oz silver to early August. The company is treating …
News
SMDC strike at Hanson Lake
Economic grades of copper and zinc with associated silver, have been intersected by drilling on the Hanson Lake property, operated by Saskatchewan Mining Development Corp. Located in eastern Saskatche…
Quebec prospectors contemplate industry slowdown
Delegates to the annual convention of the Quebec Prospectors Association (QPA) staged here recently are preparing themselves for a period of transition after a year which saw a boom in mining explorat…
McKinnon, Larche to be questioned at Lac hearing
Prospectors Donald McKinnon and John Larche are scheduled to appear at an Ontario Supreme Court hearing in which Lac Minerals (TSE) is trying to get a retrial of its court case with Corona Corp. (TSE)…
Imperial puts Esso Minerals assets on sale
Imperial Oil has announced plans to sell Esso Minerals Canada so it can concentrate corporate resources on the energy related, petroleum product and chemical businesses. Esso would prefer to sell its …
Varna encouraged by Newfoundland values
Calgary-based Varna Gold (ASE) says it has encountered some encouraging gold values at its wholly- owned Mings Bight property on Newfoundland’s Baie Verte Peninsula. Following a program which included…
Canada Tungsten ups position in Minerex
By way of private placement, Canada Tungsten Mining Corp. (TSE) has agreed to purchase additional shares and warrants of Minerex Resources (VSE) for $1.8 million. Upon completion of this transaction, …
New Zone Discovered on U.S. Borax Star Property
Two contiguous gold properties located in southeastern British Columbia are providing an exploration focus for Reymont Gold Mines (ASE), Lectus Developments (VSE) and Ryan Exploration, a subsidiary of…
Toronto Stock Exchange Equities dive as gold bullion crashes
The price of gold bullion breached the $400 (US)-per-oz barrier culminating a week-long freefall which erased more than $22 off its price. The price closed today at $399. Gold’s slide impacted on all …
Canaustra plans drilling at Flatwater
Canaustra Gold Exploration (VSE) has agreed to allow a private Newfoundland company, Eastern Minerals, earn a 50% interest in the Flatwater Pond property, located on the Baie Verte Peninsula of Newfou…
Shaft deepening contemplated at Bachelor Lake
Bachelor Lake Gold Mines (TSE) is contemplating a shaft deepening program to open up a 12th level at the Desmaraisville mine operation in Quebec. Hampered by a high dilution factor, the Bachelor Lake …
Cominco Debt Trimmed
During the first half of 1988, Cominco Ltd. (TSE) earned $78.5 million (91 cents a share) before including an extraordinary gain of $1.7 million, as compared with a profit of $25.9 million (24 cents …