Anchor Gold placer mining in Colombia
The Spaniards were the first to mine gold commercially in the South American country of Colombia which is probably best known as a coffee exporter. But today, modern placer mining techniques are recov…
News
Kilembe Resources will receive $150,000 from a limited partnership
return for flow-through shares at 60 cents each. The proceeds will be used for exploration of Kilembe’s Malartic Twp. property in northwestern Quebec. A 2,500-ft drill program has already started on …
Survey maps Pickle Lake area
The hot Pickle Lake exploration area in northwestern Ontario is covered by a set of 59 new survey maps just released by Ontario’s Ministry of Northern Development and Mines. The ministry says the maps…
Canamax at Ketza River : Yukon gold mine taking shape
Mother Nature did a magnificent job concentrating the gold mineralization at Canamax Resources’ Ketza River project. And despite periods of heavy glaciation, she didn’t disturb the underlying oxide zo…
BOOKS (November 03, 1986)
Use of Computers in the Coal Industry – Edited by Y.J. Wang & R. Larry Grayson. Proceedings of the Third Conference on the use of computers in the coal industry held July 28-30/86, West Virginia Unive…
Bresea and Ayrex plan drill program
A 26,000-ft diamond drilling program is being considered by partners Bresea Resources and Ayrex Resources on their equally held 324-claim property in Desmazures Twp., Que. Located north of Joutel, the…
Cost reductions help Lornex to higher profit
A 14% jump in net earnings in the first nine months this year over the same period last year, has been attributed by Lornex Mining Corp. to reductions in operating costs and all other expenses. Lornex…
Accord to get funds
Accord Resources is completing a $300,000 flow-through share offering. When completed, the funds will be used to finance an exploration program on the company’s claim group near Beardmore, Ont. The Ac…
Toronto Stock Exchange: Sluggish market dips, golds take it on the
Wednesday close, Oct 29 A sluggish market this week saw the widely followed composite 300 mean der a few points here and a few points there. Today it was off 0.77 pts for a close of 3,011.82. While t…
Oracle to finance underground work by Western Quebec
Western Quebec Mines plans to go underground next year on its Joubi property near Val d’Or. The project will be financed by Oracle Exploration Inc., a new company based in Montreal that has taken out …
Flotation mill on target in B.C. for Rhyolite Res.
The construction of the flotation mill on Rhyolite Resources’ Texada Island property in the Nanaimo division of B.C. is on schedule and should be completed by mid-to-late November, reports Chairman Jo…
Three quarters of profit Noranda caps red ink flow
Keeping a tight lid on the red ink for the third straight quarter, Noranda Inc. has emerged with a profit of $52.9 million on revenues of $2.6 billion for the recent 9- month period and appears to be …