News

Production of metals, non- metallics and structural materials in Canada was worth $15.6 million in 1986, up slightly from the 1985 record value, the Mining Association of Canada reports. Last year was…

With four gold deposits already discovered, it’s not surprising that Echo Bay Mines has put its Kettle River project in Washington State on a fast track to production. Vancouver- listed Gold Texas Res…

Preliminary results have been received from the underground program at Omni Resources’ Skukum Creek property 30 miles south of Whitehorse. By July 23 the adit was in a total of 2,850 ft and two zones …

Drilling has resumed on Aber Resources’ Bugow joint venture gold prospect at Russell Lake, N.W.T. New York-listed Freeport- McMoRan Gold is currently earning a 51% interest in the 10,000-acre proper…

Geochemical survey data on the mineral potential of a 29,000-km area in the Smithers region of northwestern British Columbia, has been released to prospectors by the province’s ministry of energy, min…

Flush with cash and waiting for increased production from some of its key properties, American Barrick Resources is a company which has caught the eye of London, England-based Barclays de Zoete Wedd R…

Potash problems combined with lower uranium prices were responsible for a drop in Rio Algom’s net earnings for the first six months of 1987. Rio Algom reported unaudited consolidated net earnings of $…

There are unconfirmed reports that Noranda Exploration has made a significant gold discovery northwest of Prince George, B.C., near Fort St. James. The Northern Miner has received information that at …

Western Quebec Mines says that Oracle Exploration’s option to acquire a 45% interest in the Joubi property near Val d’Or, Que., has expired as a result of Oracle’s failure to provide the required fund…

Lytton Minerals says it has entered into two agreements, both of which are subject to the approval of all regulatory authorities. The first agreement is with Dolly Varden Minerals Inc., an associated …

Discovery of a new zone of gold mineralization has resulted from initial trench sampling on the Revenue Creek property in British Columbia, according to Nordac Mining Corp. and Rexford Minerals. The n…

The North American title for the largest gold reserve base goes to Newmont Gold Co. Newmont Gold, which is an affiliate of Newmont Mining Corp, controls properties hosting proven and probable reserves…