Armeno-Maufort deal
A 3% interest in the Siscoe- extension property, located six km northwest of Val d’Or, Que., is being acquired by Armeno Resources from Maufort Resources. Maufort has an 85% interest in the property. …
News
Mining cash flow can be as lucrative as succesful mining itself
Mining concerns devote the majority of their time and creative talents to the traditional aspects of the industry exploration, discovery and production. Cash flow is always important, but has been vie…
Our mistake
Contrary to a statement made in an article appearing in the January 25, 1988, edition (“Shabu share trading still subject of rcmp probe”), Harvey Rubenstein was not in fact a director of Shabu Gold Mi…
Texmont to earn 50% of Gowest property (March 21, 1988)
Explorations of Toronto an option to earn a 50% interest in a 14-claim property in Tully Twp., 40 km northeast of Timmins, Ont. Under an agreement, after New Texmont has spent $400,000 within one year…
Survey results Timmins area now available
Results are now available from a recently-completed airborne geophysical survey covering an area of 6,000 square kilometres surrounding the city of Timmins, and conducted by Ontario’s ministry of nor…
Buckhorn partners sign new royalty agreement
A new royalty agreement has been signed by partners in the Buckhorn heap leach gold mine in Nevada. The agreement clarifies the recovery by Cominco Resources International (76% interest) and Equinox R…
Water — an unknown at Carlin’s deep deposits
Nevada geologists refer to it as the unknown factor in the business of mining gold reserves. In the wake of one thunderous splash, it can put a damper on even the most sophisticated mining plan, or at…
Investment Comment High hopes for Bryndon
During a recent North American tour, a number of British analysts stopped in at Bryndon Ventures’ Rossland claims just south of Rossland B.C. While it isn’t known how long they spent at the property, …
Conquest results near Renabie mine property
Drilling by Conquest Yellowknife Resources on a property near the Renabie mine, has confirmed the presence of the Renabie shear zone on the claims. Located northeast of Wawa, Ont., the property adjoin…
Asamera makes significant find at Cannon mine
A significant new gold discovery has been made by Asamera Minerals at its Cannon mine property near Wenatchee, Wash. Word of the find comes fresh on the heels of a takeover offer for Asamera Inc. by G…
Toronto Stock Exchange Rally halted, period of base building sets
A rally which moved the tse composite index to a post-Oct 19 high of more than 3,300 pts has stalled. During the past week, small advances offset by losses were the norm, suggesting a period of direct…
Bighorn begins bulk sampling at 25tpd Island Lake mill
A 25-ton-per- day pilot mill has started bulk sampling at Bighorn Development’s and Wydmar Development’s Island Lake gold project in northern Manitoba. The mill is processing a 3,000-ton bulk sample, …