Battered dollar drives gold index to new high
What’s bad for the rest of the business community is not always bad for gold. The battered U.S. buck, which took a beating this week following increased worries about the burgeoning U.S. trade deficit…
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High grade at Lamaque cut by Teck and Tundra
One of the best holes ever drilled on the Lamaque mine property near Val d’Or, Que, has been completed by Teck Exploration and partner Tundra Gold Mines. Hole T-13833 cut a 62.9-ft section in the No. …
Coastoro undertakes drilling program
Fifteen holes have been drilled to date at Coastoro Resources’ Garrison Twp. project in northeastern Ontario, President R.A. Pollack reports. Among the better results were hole No 87-24, 0.18 oz gold …
Jonpol encouraged by drilling at joint-venture Garrcon bet
Encouraged by drilling results at the Garrcon gold property in Garrison Twp. in northeastern Ontario, Jonpol Explorations President John Pollack is optimistic a decision will be made to go underground…
Editorial An $8-billion vote of confidence
We always knew that gold was a good thing. But what finer affirmation of that thinking than the $6.1 billion(US) that two mavericks of Australian and American business are willing to put up in order t…
Perrex Resources to get interest in Yukon silver
Alberta-listed Perrex Resources and Yukon Minerals have agreed to allow Perrex to earn an undivided interest in a couple of silver properties in the Yukon. Under the terms of the first agreement Perre…
Montreal Exchange Trading activity heavy
While trading volumes have generally been excellent this past week, the Montreal Exchange lost ground, with both the market portfolio and the mining and minerals index closing down. Action continues t…
Environment an issue in Ontario election campaign
In the second of a 2-part article, The Northern Miner looks at issues affecting northern Ontario in the current provincial election. While freer trade with the U.S. and state-owned auto insurance are …
Pilot plant test by Giant Bay
Killer bugs have successfully broken down refractory gold ores north of the 60th Parallel. These aggressive little microbes attack in waves and the attrition rate is almost 100%, unheard of in convent…
Nuinsco results
In the six-month period ending June 30, Nuinsco Resources reports an increase in working capital of $58,397. Cash on hand now totals almost $250,000. The company holds a 83% interest in the Cameron La…
Citadel options Duraine claims
Citadel Gold Mines has completed an agreement with Dunraine Mines and Goldun Age Resources giving Citadel the right to earn a 50% interest in the Parkhill gold property. The project is located near Wa…
Letters to the Editor Reader called it right
Your editorial South African Strike in the Aug 17 issue suggests the possibility “that gold could soar even further on international markets as a result of a prolonged South African strike.” While thi…