Almaden options Steep Rock bet
Almaden Resources will be taking a shot at Steep Rock Resources’ Kin g Bay gold property located on the shores of Sturgeon Lake, Ont. Almaden has the right to earn a 100% interest in the property by s…
News
Editorial Metals take a back seat
From the point of view of the mining industry, there was only one thing that marred the epic flight of the Voyager superlight aircraft around the world. The aircraft itself, which has become the first…
Placer benefits as Australia drops tax plan
The Australian government has decided not to proceed with proposals to tax the profits of the country’s gold mines or levy a compensatory tax on dividends distributed by Australian companies. The gove…
Gunsteel aims for 100 tpd at its B.C. gold project
Despite its name the Nugget Vein at Gunsteel Resources’ gold property seven miles southeast of here contains little or no visible gold. So it’s safe to assume the vein was named by someone who thought…
Bullmoose gold helps Terra Mines move into black
Terra Mines reports a “substantial improvement in financial results,” due in part to the elimination of operating expenses at the company’s silver properties and income from its Bullmoose gold project…
Editorial Gold Gold Gold – Leading the pack
As exploration ’86 grinds to a close, we must admit feeling somewhat disappointed that, despite one of the biggest programs of exploratory drilling for gold ever seen in this country, no major new dis…
Maufort drilling (December 29, 1986)
The first phase of drilling by Resources Maufort on the Siscoe Extension property near Val d’Or, Que., has confirmed the presence of two distinct gold-bearing hirizons and a major fault zone, the comp…
First gold production from Grandview’s Carson Hill mine
The first gold pour has taken place at Grandview Resources’ Carson Hill project, 120 miles east of San Francisco, Calif. The dore bar contained 254 oz gold, says the company. Grandview forecasts 1987 …
Maclan changes name
The name of Maclan Exploration has been changed to Can-Mac Explorati on on a share-for-share basis. At the company’s Davis Twp., Ont., property near Sudbury, stripping and trenching work will be follo…
Teck seen recession-proof with cash flow, profit report
The true measure of an individual is best determined under fire, an analogy that is probably more applicable to Teck Corp. than any other Canadian mining company. No matter how hard you look, you simp…
Hudson Bay to redeem debentures
Hudson Bay Mining and Smelting plans to redeem its 9% debentures mat uring on June 15, 1991, and its 10.5% sinking fund debentures maturing on Dec 15, 1995. The redemptions will be made at 101% of the…
Experimental work by Mosquito Creek
An experimental mining program is under way at the Mosquito Creek Gold Mining property in the Wells- Barkerville area of B.C. The work follows closely the termination of its option agreement with Hecl…