Gold Ridge tests unique gold recovery method
Using technology developed in the oil fields, Gold Ridge Resources is testing a new way of recovering gold at its Wingdam deep channel placer gold deposits located near Cottonwood in north-central Bri…
News
Thompson-Lundmark drills N.W.T. property
New drilling has started on the joint-venture property of Consolidated Thompson-Lundmark Gold Mines about 35 miles northeast of Yellowknife in the Northwest Territories. President Richard Evarts tells…
Cambior nears Flavrian production
Nearly 26 years after it was mothballed, the old Flavrian property near Rouyn-Noranda, Que., is about to become a gold producer once again. Operator Cambior Inc. says it is within two months of a prod…
Pezim’s Prime example of new-found power
A new force has arrived on the Vancouver mining scene, one which has already challenged a takeover attempt by a large U.S. major for an emerging B.C. gold producer. Prime Capital (through Pezgold Reso…
Alberta Stock Exchange Varna leads the pack
In an unspectacular trading session, large blocks of four gold issues crossed the floor. Although the interest in Suffolk Resources, Sweany Gold, Varna Gold and Argus Resources, may have reflected a f…
Northgate influence shown in Campbell’s 1987 results
When Northgate Exploration acquired a 13% equity stake in Campbell Resources and an option on 19.6%, it came as no surprise to Northgate watchers. Campbell’s Chibougamau gold/ copper interests made it…
Aquarius producing gold
The Aquarius gold mine, operated by Asarco Exploration Canada, is expected to produce 15,000 oz of gold this year. Located 22 miles east of Timmins, Ont., the mill began processing feed from a surface…
SMDC confirms Fork Lake zone
Infill drilling completed by Saskatchewan Mining Development Corp. on the Fork Lake gold property in Saskatchewan, has confirmed the continuity and high grade nature of the zone, the company says. Par…
Tarzan in Casa Berardi
An exploration program has been started by Tarzan Gold on the company’s 923-claim property in the Casa Berardi area of Quebec. Located eight miles southwest of the Golden Pond mine project being devel…
Prime Group firm bids for Delaware Resources
One of Murray Pezim’s Prime Group companies has moved to take control of Delaware Resources Corp., whose principal asset is the snip gold project near Stewart, B.C. Colossus Resource Equities has made…
News in Brief (March 28, 1988)
Charlim Explorations has changed its transfer agent to Guaranty Trust Co.
Investment Comment Earlier acquisitions pay off for Echo Bay
An aggressive acquisition policy appears to be paying off for Edmonton-based Echo Bay Mines. After paying Tenneco Inc. $130 million in late 1986 for a number of precious metal properties in the United…