News

The New York closing gold price was $357.30 per oz. Last quotations for gold options traded in Montreal and Vancouver as provided at the close of trading each Tuesday by the Montreal Exchange. Total v…

Louis Duprat appointed president and director; Vern Langule appointed a director succeeding P. Cusano and J. McPherson who resigned.

An agreement to jointly explore property in English and Zavitz twps. in northeastern Ontario has been negotiated by Tintina Mines (TSE) and NSR Resources (TSE). Tintina optioned the property — compr…

Arctic mining, with its harsh climatic conditions and isolated lifestyle, presents immense difficulties to the mining companies that operate there and it takes special kinds of people to overcome them…

Striking employees at Curragh Resources’ (TSE) lead-zinc mine at Faro, Y.T., were recently issued with their first cheques since the strike began April 5. The 400 strikers, represented by the United S…

Exploration on the Dikili gold prospect in western Turkey has outlined a high-grade, shallow reserve of over one million tonnes. Eurogold, a joint venture between ACM Gold of Australia and Toronto-bas…

Black Hawk Mining (TSE) says it will begin drilling on a 24-claim nickel property in McElroy Twp. near Kirkland Lake, Ont., after signing an option agreement for the claims. By spending $475,000 on e…

The Canada Centre for Mineral and Energy Technology (CANMET), the research and technology arm of Energy, Mines and Resources (EMR) Canada, will establish a mining research laboratory near Val d’Or, Qu…

Pantelis Tasperas appointed director succeeding Nicolaos Panos.

Calgary has been selected as the site for next year’s Second International Conference on Environmental Issues and Management of Waste in Energy and Mineral Production. A “call for papers” was recentl…

General recessionary pressures including lower prices for aluminum, gold and oil resulted in a 36% drop in first quarter earnings for Amax Inc. (NYSE). The New York company recorded net earnings of U…

An independent forum of 13 major earth science societies has given geologists with the British Columbia government a positive review. The Canadian Geoscience Council said after its review that the B.C…