Kerr Addison completes gold study
A preliminary engineering study has been completed for the Harrison Lake gold project 60 miles east of Vancouver. The report was commissioned by Kerr Addison Mines, project operator, which holds a 25%…
News
Newmont’s best Carlin hit
The fabled Carlin trend in Nevada, which hosts the largest gold reserves outside of South Africa, just keeps getting better. Drilling by Newmont Gold on the Post deposit has intersected 520 ft grading…
$20.8-million gold project Augmitto builds mine at Rouyn
A production decision has been made by Augmitto Explorations for the company’s 100%-owned gold property near Rouyn, Que. Located in Beauchastel Twp., the property hosts diluted reserves of 1.9 million…
Rio’s computers in Elliot Lake mines will save over $10 million by
Computers are rapidly making their way into mines across the country. This development is inevitable because computers that are used properly save time and money. Rio Algom’s management is aware of th…
Investors should give juniors more respect, analyst says
The following is the text of a presentation made recently at The Gold Show ’88 in New York City. My recent major recommendations among Tier 1 gold stocks were Lac Minerals, Echo Bay Mines and American…
Golden Princess in California bet
Golden Princess Mining has agreed to acquire a 55% interest in the Gold Cliff property near Angels Camp, Calif., about 80 miles from San Francisco. According to the company, “the economics of the prop…
Tin price shows steady strength after cartel’s collapse
Better times may lie ahead for tin, which fell drastically in price following the collapse of the International Tin Agreement(ita) beginning in October, 1985. Traditionally used in the manufacture of …
Zahavy begins $3 m program
A $3-million underground exploration program has begun on the Favourable Lake, Ont., gold property controlled by Zahavy Mines. Zahavy is an affiliate of Noramco Mining Corp. The program will focus on …
Chamber meeting held again with Cordilleran Roundup
The 76th annual general meeting of the British Columbia and Yukon Chamber of Mines is scheduled for Feb 3 at the Pacific Ballroom in the Hotel Vancouver. The meeting will be held in conjunction with t…
Second underground program in N.S. for Northumberland
The main shaft of one of the earliest gold mines in Canada, the Goldenville mine in Nova Scotia, will be the subject of a $1-million underground exploration program starting this week. Property owner …
Workers vote to strike at Lac’s Bousquet mine
A strike at Lac Minerals’ Bousquet No 1 mine and two associated mills near Malartic, Que. has brought operations to a complete standstill, the company said recently. After rejecting a new 3-year offer…
Alberta Stock Exchange Volumes generally low
Despite a slew of joint-venture agreements on a number of Canadian and U.S. properties, it wasn’t a stellar week for the majority of Alberta-listed resource companies. Volumes were generally low as i…