Gerle Gold encouraged by drilling
Encouraging diamond drill results are reported by Gerle Gold at its McConnell Creek gold prospect 150 miles north of Smithers, B.C. All of the 16 holes drilled intersected the main shear zone over wid…
News
Australian parent seeks complete control of Pamour
Turned into a mining house with no direct gold production of its own, Pamour Inc. looks like it is about to be transformed completely into a holding company. Pamour’s Australian parent, Giant Resource…
Hedley Pacific plans work on Nickel Plate
A $60,000 work program is planned by Hedley Pacific Mining on its three claims located on Nickel Plate Mountain near Hedley, B.C. The claims adjoin those of Mascot Gold Mines and Golden North which jo…
Nicholson back with RFC
Armed with a private placement of $4 million, Douglas Nicholson is back in business. The well-known ex-mining analyst and architect of the successful MFC Mining Finance Corp., has started another vers…
Dickenson posts higher gains despite drop in gold output
Net earnings in 1987 for Dickenson Mines, which operates the Arthur W. White gold mine in northwestern Ontario, were $6.4 million (44 cents per share), compared with $4.59 million (39 cents per shar…
Chevron still operator BYG could revive Mt. Nansen
The old Mt. Nansen gold mine near Carmacks, Y.T., could resume production later this year on an open pit basis now that majority ownership is being acquired by BYG Resources. A wholly-owned subsidiary…
Editorial Never mind the subs, let’s get mines
Assuming the current high rates of growth in this country continue, the federal government will be “within shooting distance” of a balanced budget by the mid-1990s, Finance Minister Michael Wilson tol…
Radcliffe gets assays from North Lake drill
Encouraging assays are reported from the first hole of a 10-hole program on Radcliffe Resources’ North Lake prospect in the La Ronge district of Saskatchewan. The hole had four 6-ft intersections grad…
Gold loan of one million oz helps Newmont reduce debt
A gold loan of one million ounces, worth about $448 million(US), has been arranged by Newmont Mining of New York, the proceeds to be applied against the company’s $1.6-billion debt load. The loan, arr…
Canamax releases results from 1987
With one new mine in production and four more in the pipeline, Canamax Resources of Toronto is entering its second year as a fully- fledged gold producer. For the year ended Dec 31, the company report…
Metal Prices FREE MARKET (February 22, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Feb. 16 Feb. 15 Feb. 12 Feb. 11 Feb. 10 Copper 1440-1443 1429-1432 1390-1395 1384-1385 1350-1355 Lea…
Multinational rehabilitating Hunter mine, Timmins
After protracted negotiations, Multinational Resources has concluded an agreement to purchase Du Pont Canada’s Baker mill in the Toodoggone area of British Columbia. For a consideration of $50,000, Mu…