Australian conference draws 1,300
The conference Bicentennial Gold 88 held in Melbourne, Australia, May 14-19 brought together some 1,300 geologists, geochemists and geophysicists from 40 countries and a strong delegation from nine Ca…
News
Homestake takes position in Vancouver companies
Developing “strategic relationships” has become an important part of Homestake Mining’s investment strategy in recent months, particularly in Canada. A few weeks ago the company entered into a series …
Audrey’s new sulphide lens, biggest since Quemont find
With four drills on site, Audrey Resources (TSE) is beginning to outline the dimensions of a new massive sulphide lens discovered recently near the company’s 70%- owned Mobrun mine workings at Rouyn-N…
Income from Barrick down, Horsham says
Due to the dilution of its ownership position in American Barrick Resources (TSE) of Toronto, The Horsham Corp.’s (TSE) share in the gold producer’s income declined this year. Horsham reported first q…
Gold City producing gold at Indian River placer bet
After brief delay, gold production is under way at Gold City Resources’ (ASE) placer operation at Indian River, Yukon, the company said recently. Thought to contain about two million oz of fine gold, …
Gold not the only mineral being sought in Madoc camp
Ontario’s oldest gold camp — the Madoc area in the eastern part of the province — is still the site of exploration activity, although other minerals are being sought in addition to gold. One of the …
Pegasus, CoCa merger ends in disagreement
A proposed merger between Pegasus Gold (TSE) and CoCa Mines (NASDAQ) has collapsed because the “two companies were unable to agree on certain provisions relating to management of the merged company,” …
Silverado mine profit
An operating profit was generated by the Grant gold mine, owned 100% by Silverado Mines Ltd. (VSE). Located in Alaska, the Grant mine produced 856 oz of gold in April which resulted in an operating pr…
Freeport options Texada property
The gold potential on Texada Island, 50 miles northwest of Vancouver, has attracted Freeport-McMoRan Gold (NYSE) which recently optioned property from Vananda Gold (VSE). The option agreement involves…
Canadian, U.S. mining share goal
From a speech by federal mines minister Gerald Merrithew at the 1988 Minerals Policy Outlook Conference. The mining industries in Canada and the United States have many similarities. Both industries p…
Placer Dome subsidiary to build mill at Papau New Guinea mine
A Placer Dome (TSE) subsidiary plans to establish a 8,000-tonne- per-day mine and mill complex at its one-third owned Porgera gold deposit in Papua New Guinea at a cost of more than a billion dollars….
Lower quarterly profit reported by Louvem
A gross profit of $108,000 and a net profit of $65,000 were recorded by Louvem Mines (TSE) during the first quarter of this year, compared with a gross profit of $1.5 million and a net profit of $322,…