Louvem planning shaft extension
Sinking work to extend the shaft below the 7th level at the producing Chimo gold mine in northwestern Quebec is to start in June, Louvem Mines (TSE) reports. The shaft should reach the 15th level in J…
News
Atlanta seeks partner in Idaho gold project
A joint venture partner is being sought by Atlanta Gold Corp. (VSE) to help develop its gold property in Elmore Cty., Idaho. “Atlanta is inviting proposals from interested parties,” President Olaf Tol…
Good assay results at Pan East/Gunnar joint ventre
Some very encouraging assay results were received this week from two holes put down by joint venture partners Pan East Resources (ASE), Petroment Resources (TSE) and Gunnar Gold Inc. (TSE) on the Fift…
Maufort plans bulk sample
Construction of a ramp and extraction of a bulk sample of 30,000 tons is planned by Maufort Resources (ME) at the company’s Tiblemont property in northwestern Quebec. The company reports encouraging r…
Amalgamation spurs Placer growth
Three new mines now under development will increase Placer Dome’s (TSE) gold production 40% to more than one million oz a year, President John Walton notes in the annual report. Much has been achieved…
Half-dollar on way out
The 50-cent piece, not the most visible of Canadian coins and no longer the silver beauty it originally was, may soon disappear, according to the Royal Canadian Mint. Composed of 92.5% silver and 7.5%…
Saskatchewan says yes to Mahogany/Royex venture
The Saskatchewan government has given final approval to the Jolu gold project paving the way for the property to start producing gold before the end of 1988. The project, a joint of Mahogany Minerals …
Nevada Goldfields shows net profit
For the quarter ending March 5, Nevada Goldfields (TSE) reports net profits of $329,897 on sales of $3,869,873. The company sold 8,441 oz gold and 17,581 oz silver from its Aurora and Kingston mines i…
Queenston/Barrick get good results at Pandora bet
Partners American Barrick Resources (TSE) and Queenston Gold Mines (TSE) have received more encouraging drill results at the Pandora mine property at Cadillac Twp., Barrick said recently. Barrick says…
La Fosse drilling Blue Lake project
Diamond drilling began recently at the southeast section of La Fosse Platinum’s (TSE) Blue Lake sulphide deposit north of Schefferville, Que., The Northern Miner has learned. So far, the company has p…
Investment Comment Bootleg project makes Vista a buy
When Vista International Petroleums created a precious metals exploration wing in 1986 to take advantage of rising gold prices, the new entity was able to give itself a head start At a price of $612,0…
Esperanza sets October start for Tillicum mine
There is a busy 6-month period ahead for those involved with Esperanza Explorations’ (VSE) Tillicum Mountain gold project located near Burton, B.C. Start-up of a 100-ton-per-day mill is slated for Oct…