Assay results from a 44-hole program completed last November on the former-producing Dufferin gold mine property near Port Dufferin, N.S., have been received by 50-50 joint venture partners Novamin In…
A 1,040-ft drill intersection from Newmont Gold’s Post deposit near Elko, Nev., may be a candidate for the Guinness Book of World Records. Weighing in at 0.495 oz per ton, including 470 ft at 0.93 oz …
Many see mining as part of Canada’s past, an anachronism that has no place among the high-tech and service industries of Canada in the twentieth century. The truth is, however, that mining is a lead…
The Northern Miner states that Mascot’s Nickel Plate open pit produced 24,000 oz of gold to the end of September, 1987, from 317,000 tons milled (N.M., Jan 25/88). Assuming 87% recovery, this gives an…
Gold production from Nevada Goldfields’ Kingston mine near Reno, Nev., helped boost profits for the first half of fiscal 1988 to $1,968,844 on sales of $9,480,328. The company sold 20,787 oz gold and …
Following a decision by Noranda Exploration not to exercise an option on the L.H. gold property near Silverton, B.C., Andaurex Resources of Toronto says it will retain a 100% interest in the property….
After reporting a bottom line rebound in 1986 and some sterling acquisitions in 1987, Toronto-based Lacana Mining is preparing to cross an important threshold in 1988. With subsidiary Mascot Gold’s Ni…
A $5-million exploration program at Westmin Resources’ Debbie/Yellow project near Port Alberni, B.C. will include a 1.2-mile underground adit into the Mineral Creek and Linda gold zones. Nexus Resourc…
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Feb. 2 Feb. 1 Jan. 29 Jan. 28 Jan. 27 Copper 1240-1245 1225-1230 1346-1348 1285-1287 1310-1315 Lea…
Turkey is reported to have opened its first silver mine. Forecast by the Turkish government is the processing of 1.1 million tons of ore per year and an annual production of 122 tons silver. Most of t…
Finally, we can talk about Prince Edward’s little island. Being the nation’s mining newspaper and P.E.I. being our only virgin province, untouched by mining, we’ve had precious few opportunities to in…
One of the few mines in North America to actually lose money mining gold in 1987 has been purchased by Hayes Resources. For $17 million cash and 2.4 million common shares from treasury, Hayes is getti…
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