Montreal Exchange Bulk test at Francoeur
Early results from a 33,500-ton bulk sample at the Francoeur gold property near Rouyn-Noranda, Que., have partners Rouyn Mining Resources and Lac Minerals excited. The bulk sample should be finished b…
News
Gunsteel reserves up
Ongoing underground exploration is boosting reserves at Gunsteel Resources’ (VSE) Nugget property near Salmo, B.C. Latest calculations show a total of 223,700 tons of ore grading 0.331 oz gold per ton…
Bow Valley budgets $3 million in 1988 to look for gold
While it has yet to come up with a viable gold deposit, Bow Valley Industries (TSE) spent $1.7 million last year on a number of exploration projects. In a bid to add a gold production wing to its oil …
Sonora to produce in ’88
Gold production is expected to total 90,000 oz at Sonora Gold Corp.’s Jamestown operation in California this year. The mine, which is operating at 6,000 tons per day, is producing 7,500 oz of gold per…
Placer Dome farms out QR deposit to junior
Eleven years ago a significant gold discovery was made near Quesnel, B.C., which later became known as the QR deposit. Dome Exploration, which has since been absorbed into Placer Dome (TSE), evaluated…
Orofino makes good progress at Jackson-Manion Swayze
Toronto-based Orofino Resources (TSE) is making signficant progress on a couple of gold properties in north and northwestern Ontario, the company said recently. An 18-hole drill program at Orofino’s J…
NLX Res. acquiring Sandy K. property
An agreement has been worked out between NLX Resources (TSE) and Sandy K. Mines, a private company, whereby NLX will acquire 100% of the issued and outstanding shares of the latter in return for 6.7 m…
Gold reserves double since ’81
Canadian gold reserves — the gold content of proven and probable ore in all operating mines and deposits committed for production — have doubled since 1981 according to Energy, Mines and Resources, …
People (April 18, 1988)
Toronto Futures Exchange — Tristram S. Lett appointed to the board of governors.
Vancouver Stock Exchange Greenwood sale boosts Rimacan
With gold prices marginally weaker, the Vancouver market has softened somewhat and at presstime was off 2.3 points to 1097.5. This is typically a slow period in Vancouver and reflects the seasonal nat…
Toronto Stock Exchange Inco races tonew high during week-long rally
A 5-day rally which has added more than 70 pts to the composite index, paused today with a small 4.64-pt loss to close at 3,397.72 pts. The rally, which has taken the TSE- composite to a post-crash hi…
Cominco Resources forecasts 100,000 oz gold production
Intent on becoming a major gold producer in the near future, Cominco Resources International (TSE) has established a “realistic” production goal of 100,000 oz within a few years. Addressing the compan…