Golden Giant mine 6-month figures
Six-month production figures are in on the Golden Giant gold mine in Ontario’s Hemlo gold camp. Operated by Noranda Inc., which holds a 50% interest, this was the first mine in the famed camp to produ…
News
Gateford planning to drill Samson River property
A 10,000-ft diamond drilling program is scheduled to start in October on the large 533-claim Samson River property held by Gateford Resources in Gaudet and Fenelon twps., Que. The program will be foll…
Bachelor Lk. and Sullivan complete deal on Flordin
A joint venture agreement between Bachelor Lake Gold Mines and Sullivan Mines will result in an underground exploration program on Sullivan’s Flordin gold deposit, in Desjardin Twp., Que. Located appo…
THE EDITORIAL PAGE Cyanide recycling technology to be marketed by
A new piece of cyanide recycling technology developed by the Canada Centre for Mineral and Energy Technology and Witteck Development Inc. of Mississauga, Ont., (N.M., Aug 8/85) will soon be marketed b…
Davidson Tisdale completes $4-million private placement
A private placement has been completed by Davidson Tisdale Mines which will net the company $4 million. The deal consisted of 999,823 treasury shares of the company at a price of $4.25 per share. In a…
Dickenson branches out to widen earning base
With over $40 million in cash equivalent assets, and its main Red Lake operation now back on a sound footing, Dickenson Mines is seeking other avenues for additional gold production, as well as expand…
THE EDITORIAL PAGE Letters to the Editor Gold’s time is here
Bank of America, chapter 11 rumors abound. Dallas-based Western Savings Bank down and three other banks announced down, ($4 billion needed to stay afloat). Farm Credit system needing $3 billion now an…
Nevada Goldfields expects production at Sumich year-end
Production is scheduled to start at the Sumich mine in Kingston Canyon, Nev., this December, says Nevada Goldfields Corp. With estimated reserves of 1,037,000 tons averaging 0.261 oz gold per ton, the…
Flanagan boosts tonnage on Mishibishu property
Results from 50 holes drilled in 1986 on Flanagan McAdam Resources’ Mishibishu Lake property in northwestern Ontario has boosted reserves by more than one-third and improved grade by 10% compared to t…
Galactic completes private placements
Galactic Resources has raised $13,875,000C through the successful completion of its private placement with a major Canadian financial institution, Robert M. Friedland, chairman, reports. The placement…
China key to Tungsten market Cutbacks would help
Supply restrictions by major producers such as China are the only way to improve tungsten prices, yet prices could experience a period of volatility not seen since the early 1970s if such restrictions…
Queries Young-Shannon inactive
I still have 10,000 shares of Young-Shannon Gold Mines held at Hector Chisholm & Co. What chance have they of doing something to get going again? H. A.Kidd, Willowdale, Ont. The chances don’t look ver…