Etruscan drilling Gabel Canyon bet
A second phase of drilling is being undertaken by Etruscan Enterprises on its Gabel Canyon project in Eureka Cty., Nev. The company can earn a 50% interest by spending $275,000 on the property. Two ho…
News
In light of Lac-Corona suit plan your site visit carefully
A former president of the Prospectors and Developers Association of Canada has some advice, in light of the Hemlo land dispute involving Lac Minerals and International Corona Resources, for someone th…
The ongoing saga of the huge – and hapless – Ok Tedi mine
The mineral specimens were magnificent — massive magnetite- chalcopyrite, boulder-sized. The geologists had just brought them in from the field, 2000 miles by foot, helicopter and ‘plane. It was late…
British Columbia’s gold output nearing peak set back in 1939
When final figures are in, they should verify that mineral exploration in British Columbia reached an all-time high in 1987. The high level of activity was prompted by continued strong interest in pre…
Euro-Nevada to sell Hasbrouck property
With a first-quarter cash position of $8.4 million, Euro-Nevada Mining of Toronto considers itself well financed to seek royalty acquisitions in the Carlin gold belt near Elko, Nev. Incorporated last …
Exploration activity has businesses in Red Lake booming
Mineral exploration has been a boon to the Red Lake, Ont., district during the past year. In fact, the sum total of employment generated by those looking for mines rivals that of the Campbell Red Lake…
Success at Nickel Plate and Hedley revives skarn interest (March 07, 1988)
Skarn-type deposits have been minor but steady producers of gold throughout history. More than one million kilograms of gold have been produced from 50 skarn deposits worldwide. This represents only t…
Letters to the Editor Busy at Red Lake
As a long-time resident of Red Lake, I saw large scale exploration carried out in 1945-49 when over 100 properties were being worked, with two prolific gold mines found — Campbell and Dickenson. Thes…
Galactic earnings
Galactic Resources reports net income of $1.8 million(US) or 7 cents per share for 1987 compared to a $25.6-million or $1.30-per-share loss a year earlier. The company’s fourth quarter net was $1.4 m…
Alberta Stock Exchange Argus big trader
The Winter Olympics may be over, but Argus Resources led the pack this week trading over 1.2 million shares in three days. Those are big numbers for an Alberta listing and they reflect continued drill…
Vancouver Stock Exchange Tone appears positive
Despite lower gold prices and a stronger Canadian dollar, there is a much more positive tone to the Vancouver market this week. Brokerage month-end, which has tended to depress stocks recently, is no …
Editorial Playing games with tax laws
Taxes are a necessary evil, the cost of living and doing business in Canada. It’s easy to complain about them until one considers the alternatives. But if taxes are a fact of life, the games that go…