Dufresnoy raises $750,000 from Mazarin
Montreal-listed Mazarin Mining has subscribed to half of a $1.5-million private financing to be completed by Dufresnoy Industrial Minerals (ME). Marazin will obtain 1.4 million units at 55 cents each …
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Meliadine joint venture under exploration
Exploration is under way at the Meliadine gold project, 9 miles north of Rankin Inlet, N.W.T. Partners Cumberland Resources (VSE) and Comstate Resources (TSE) are planning a 3-phase program of ground …
Copperstone options Baja copper project
Under an agreement with Island-Arc Resources (VSE), Copperstone Resources (VSE) can acquire an 80% interest in six copper-cobalt concessions in Baja California, Mexico. Four properties are beside or i…
Hemlo’s gold production down, but earnings up
Despite a 5% drop in production at its two gold mines, Hemlo Gold Mines (TSE) managed to increase earnings in the first quarter, compared with the same period a year ago. Combined production from the …
Trail improvements pay dividends for Cominco
Improvements at the lead-zinc smelter in Trail, B.C., and at the Red Dog mine in northwest Alaska gave Cominco (TSE) a boost in the first quarter. The major posted $2.3 million in consolidated net ear…
Colorado-Wyoming kimberlite province a rich and largely
The Colorado-Wyoming kimberlite province in the western U.S. includes more than 100 kimberlite intrusives, one of the largest lamproite fields in the world, and dozens of unexplored geophysical, remot…
Ramrod calls off share acquisition
Plans by Consolidated Ramrod Gold (TSE) to acquire all issued and outstanding shares of San Andreas Resources (TSE) for Ramrod shares have been cancelled. San Andreas President Peter Tsaparas provided…
EDITORIAL PAGE — A taxing history
We don’t pretend to be economists, but we do feel confident in possessing a rudimentary grasp of the major tenets of modern-day economics. We know, for example, that the modern government penchant for…
Charlim lists on Montreal Exchange
Formerly listed on the Vancouver Stock Exchange, common shares of Charlim Resources have begun trading on the Montreal Exchange. Charlim, which explores for and develops mining properties in Quebec, c…
NEWS ROUNDUP — Ican drilling Idaho play
Drilling has begun on Ican Minerals’ (TSE) Almaden gold mine in Idaho. The work will test a newly discovered zone which is 2,000 ft. northwest of the known orebody and 500 ft. lower in elevation. In t…
Freewest options claims north of Kirkland Lake
Montreal-based Freewest Resources (TSE) has signed an option to acquire three claims, comprising 1,040 acres, north of Kirkland Lake, Ont. Over a 5-year period, Freewest will pay $150,000 cash and iss…
Gold and the International Monetary Fund
The International Monetary Fund (IMF) is the second-largest holder of gold in the world. From 1944 to 1978, gold was the unit of account and the central reserve asset of the international financial sy…