Stockgold halts work on Stock Twp. prospect
On the advice of a consultant, Toronto-based Stockgold Resources has elected not to pursue an option on the Stock Twp. gold property near Timmins, Ont. Under a previous agreement, Stockgold was attemp…
News
Dee syndicate drilling deep
Rayrock Resources, one of the early birds in what has since developed into a major gold play in Nevada — and certainly one of the pioneers in the heap leaching that is changing the whole economics of…
Goldstake raises funds for Homestake tailings
At current gold prices tailings deposits near the Homestake mine in South Dakota are beginning to look very attractive to Goldstake Explorations, a coats listing in Toronto. Apparently a lot of intern…
Queries How the industry defines ore reserves
When mining companies are calculating their ore reserves before going into production I notice from reading The Northern Miner that reserves are determined in terms of possible, probable and proven or…
Delbridge drilling delayed
The stripping of an area located 2,000 ft southwest of the DeSantis shaft, by Delbridge Mines, has exposed several quartz veins carrying massive sulphides. The DeSan tis property is located near Timmi…
Assay results could seal major Hecla/Acadia deal
It seems very unlikely that Hecla Mining, of Coeur d’Alene, Idaho, will refuse to take Acadia Mineral Ventures up on its offer to allow Hecla’s Canadian subsidiary to earn a 60% interest in the Moosel…
Two-day course in March on platinum exploration
A 2-day course on exploration for platinum group elements will be held in Toronto March 2-3, sponsored by the Toronto Geological Discussion Group and featuring as a course speaker one of the world’s l…
Belmoral and Roddy agree on former’s takeover bid
Agreement has been reached between Belmoral Mines of Toronto and Roddy Resources of Vancouver whereby Belmoral may acquire up to a 51% interest in Roddy, which operates a heap leach gold mine in Arizo…
Duration and Locator in Sault joint venture
Toronto-listed Duration Mines has entered a 3-way joint venture with Locator Explorations, and a private company called Aurogin Resources to explore 86 claims in the Sault Ste. Marie, Ont., mining div…
Nevada claims map
A detailed map of unpatented lode mining claim locations in Nevada — said to be the first of its kind — has been published in the U.S. The map, published by D. K. Marjaniemi & Associates, locates 1,…
Omni drilling expands reserves at Skukum Creek
A $2-million, phase-1 exploration program has substantially increased reserves at Omni Resources’ Skukum Creek property in the Yukon’s Wheaton River Valley. Drill-proven reserves have increased to 821…
Placement with Hemlo Gold helps Viceroy in California
A $10-million private placement with Hemlo Gold Mines will enable Viceroy Resource Corp. to purchase crushing, conveyor and stacking facilities for its Castle Mountain project in San Bernardino Cty., …