ODDS’N’SODS — A close shave
In the winter of 1934-35, bush pilot Ted Stull, flying a Fairchild 7l aircraft, made regular runs to the Gods Lake and Island Lake gold mines, which were situated in north-eastern Manitoba.One day, in…
News
Saint Elena drilling results encourage CaribGold
Shallow drill-testing of the South Elena vein structure in Cuba has returned encouraging results, reports CaribGold Resources (CG-T).Although core recovery from the program was poor as a result of sur…
Assay fiasco halts Gold Canyon
Trading in Gold Canyon Resources (GCU-T) was halted by the Vancouver Stock Exchange after it was learned that a laboratory erred in reporting assay results from the junior ‘s Springpole gold project i…
MOST ACTIVE ISSUES, August 7-August 13
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Low copper prices force Similco closure
Once again, the Similco open-pit copper mine in southern British Columbia is forced to shut down as a result of weak copper prices.Princeton Mining (PMC-T) plans to suspend operations in December, thr…
Date set for acquisition of DFR
The end of Diamond Fields Resources (DFR-T) is in sight.The closing date for the acquisition of DFR by Inco (N-T) has been set for Wednesday, Aug. 21. DFR shareholders have until 5 p.m. on the precedi…
Gold production is boosted at Keystone mine McWatters plans merger with Maude
Record gold production of 9,702 oz. during the second quarter enabled Black Hawk Mining (BHK-T) to report a production improvement at the Keystone gold mine at Lynn Lake, Man.The mine produced 17,188 …
Granges, Da Capo poised to merge
In hopes of creating a mid-tier gold producer, Granges (GXL-T) and Da Capo Resources (DCX-T) have decided to join forces.An agreement in principle calls for each Granges shareholder to receive one sha…
Pan African updates exploration plans
Junior Pan African Resources (PARC-C) continues to step up exploration efforts in the continent from which it takes its name. A round of drilling has just wound down in Mali, one has just wound up in …
Orvana drills to upgrade Don Mario resource
Drilling by Orvana Minerals (ORV-T) is confirming the continuity of high-grade gold mineralization at the Don Mario project in Bolivia’s San Cruz province.The program is aimed at upgrading the drill-i…
Mispec drills new gold-mineralized zone at Jampang property
Mispec Resources (MPE-M) has outlined a zone of gold mineralization on its 7,700-ha Jampang property in West Java, Indonesia.Acquired earlier this year, the property hosts gold workings and untested a…
Red Lake strike hurts Goldcorp
The suspension of operations at the Red Lake gold mine in northwestern Ontario was responsible for a jump in cash production costs, Goldcorp (G-T) reports.The mine ‘s production for the second quarter…