As many geologists can attest, drilling is not a predictable task. And millions of dollars are spent annually on drilling programs to test exploration targets and to extract rock samples for assaying….
An option deal to earn a 50% interest in the property of Consolidated Gold Hawk Resources (ASE) in Duplessis Twp. southeast of Matagami, Que., has been acquired by Quebec Crown mining exploration comp…
Wage increases in the Canadian mining, smelting and refining industry were slightly lower in the first eight months of 1991 than they were in all of 1990, according to the Ministry of Energy, Mines an…
One of the more active foreign mining companies in Latin America is Cominco Resources International (TSE). It has copper projects in Mexico and Chile, a wollastonite project in Mexico, a gold property…
An agreement to acquire the 52-sq.-km Sagar-1 property south of Fermont, Que., in the province’s North Shore area has been negotiated by Virginia Gold Mines (ME). The company says an ultramafic comple…
An agreement to issue 700,000 shares at 15 cents per share has been negotiated by Goldmark Minerals (VSE). Also, the company will issue 700,000 warrants entitling the purchaser to acquire, during a 2-…
Newfoundland Goldbar Resources (CDN) plans to start a 12,000-ft. drill program on the Glover Island gold property in western Newfoundland to follow up on work completed last year. Under an option agre…
A 2-month inquiry into the conduct of Ontario’s mines minister, Shelley Martel, ended recently without reaching a clear-cut conclusion. Martel, from the Sudbury, Ont., area, remains the minister of No…
William B. Dix, the former vice-president of McIntyre Porcupine Mines, died in Toronto recently at the age of 81. Born and educated in England, Dix spent almost his entire working life within the McIn…
Noramco Capital President Murray Sinclair recently increased his stake in Noramco Mining (TSE) to 24% by paying Breakwater Resources (TSE) $1.4 million for a block of shares. According to the Ontario …
Increased gold purchases by the state-run gold authority here have led to official predictions of a record-breaking production year in this key sector, Guyana’s fifth ranked foreign exchange earner. F…
Western markets continued to slide over the period ended Apr. 21, with the Easter long weekend dampening an already lacklustre mood for resource issues. The Vancouver Stock Exchange composite index sl…
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