News

Nortek Minerals is continuing drilling on claims in the Kirkland Lake area of northeastern Ontario held by Shenandoah Resources and Miller-Independence Mining. To date 13 holes have been drilled for a…

Exploration, to include ip surveys and diamond drilling, will start immediately to confirm and extend the mineralized zone discovered in the 1940s on the Goodfish property in Ontario’s Kirkland Lake c…

Canadian businesses, including mining, expect increased profits and capital spending in 1988 over 1987 levels, according to a survey undertaken by the federal Ministry of Regional Industrial Expansion…

Drilling on the Monique property located east of Val d’Or, Que., has totalled 67 holes representing 15,000 m to date, Monicor Exploration reports. Three gold-bearing zones identified on the property, …

Producer stocks of calcium metal in 1987 were apparently equal to one year’s world demand or just under 2,000 tonnes, according to Roskill Information Services, a U.K.-based company specializing in mi…

Joint venture partners Giant Resources of Australia and Edmonton-based Golden Star Resources say they will spend $2 million to continue exploration on three Guyana gold properties. Previous exploratio…

Cliff Resources has made two property acquisitions covering 14,000 acres near Yuma, Ariz. The ground is on the Mesquite-Picacho trend, a gold mining area producing more than 175,000 oz of gold per yea…

Belmoral Mines, which has taken Canreos Minerals (1980) Ltd. under its wing and now holds a direct 40% share interest, has turned that junior firm into an active exploration company. And it now enjoys…

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%…

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…

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…

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…