Granges earnings reflect write-down
Despite a substantial improvement in gold production and revenue from sales, Granges Exploration (TSE) reported a loss of $13.5 million or .61 cents per share for 1988, compared to net earnings of $1…
News
Promising Big Z core samples contained little gold
The main events in the discovery and staking of what was known as the Big Z that led to the hectic Blind River uranium boom of the 1950s have been well documented. But there were some others that both…
Total Energold year-end results not 100% of story says president
From a financial point of view, 1988 wasn’t a good year for Total Energold Corp. (TSE). The company’s net loss of $47.2 million was almost seven times the previous year’s total. But at a recent press …
Larger crusher for Magino mine
A larger crushing unit to boost mill throughput from 400 tons of ore per day to 500 tons will be installed at the Magino gold mine in northeastern Ontario, Muscocho Explorations (TSE) and McNellen Res…
Gamsan encouraged by Saskatchewan drill results
Encouraging results have been reported by Gamsan Resources (ASE) from a recent drill program on the company’s Brabant Lake polymetallic property in northern Saskatchewan. Brabant Lake is located 90 mi…
Brican Drill Testing Nevada Gold Discovery
The Cottonwood gold discovery on the North Peak project in the Battle Mountain district of Nevada will be further tested by closely spaced vertical holes, say partners Brican Resources (VSE) and Bow V…
Gold Canyon, Bradner team up on Blue Dog
An equal joint venture partnership is being formed by Gold Canyon Resources (VSE) and Bradner Resources (VSE) to further develop the Blue Dog gold project in Washington Cty., Idaho. .T The partners …
Flin Flon – Snow Lake leads exploration in Manitoba
The greenstone belts of northern Manitoba continue to be the focus of base and precious metals exploration and development programs. The most active area is the Flin Flon-Snow Lake greenstone belt, st…
Obituary Dennis Fairbairn
Mining lost one of its brightest assayers when Dennis Fairbairn died recently following a brief illness. He was 71. A native of Victoria, B.C., Fairbairn was known for his strong views on gold explora…
Huldra Silver eyeing production at Treasure Mountain
Subject to a favorable feasibility study and necessary financing, Huldra Silver (VSE) says it intends to place its Treasure Mountain silver-lead-zinc project near Hope, B.C., into production. The comp…
Gold funds as of Feb. 28
BGR Goldcorp Central MVP Capital Net value $12.06 9.01 6.61 0.78 Price $9.50 6.125 5.75 0.66 Discount 21.23% 32.0% 13.0% 15…
Production shortfalls hurt Minnova Inc.’s bottom line
While base metal prices reached record levels in 1988, Minnova Inc. (TSE) was unable to benefit fully from the improved metals climate. Lower gold prices and the rising value of the Canadian dollar we…