Noranda quick to buy into Australian discovery
A new and potentially large gold discovery at Karpa Spring in Western Australia has attracted the attention of resource giant Noranda (TSE) which has moved quickly to secure a stake in the project fro…
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Limited production at Magnacon mine
Production is continuing on a limited basis at the Magnacon gold mine in northern Ontario while operators Muscocho Explorations (TSE) and Flanagan McAdam Resources (TSE) continue to seek refinancing. …
Barkhor has Star drilling results
Vancouver-based Barkhor Resources (VSE) has released assay results from the first two drill holes on its Star base metal property, near Cranbrook, B.C. The company, which is seeking “Sullivan-type” ba…
Resolute seeks gold from sand and gravel
A pilot plant designed to recover heavy minerals from sand and gravel has started up in northern Italy. The plant, built by Vancouver- based Resolute Resources (VSE), will test the feasibility of extr…
Horseshoe explores Nevada properties
The first phase of a grassroots exploration program has begun on Horseshoe Gold Mining’s (ASE) Willow Creek and Hoodoo gold projects, south of Winnemucca, Nev. .THorseshoe says the proposed program fo…
First drill hole Golden Rule releases Kaslo bet drill hole
The first drill results were released recently from a 15,000-ft. phase one drilling program on Golden Rule Resources’ (TSE) wholly owned Kaslo gold property in Saskatchewan. Kaslo is one of four proje…
Golden Pond options Amos nickel prospect
Tundra Gold Mines’ (VSE) affiliate, Golden Pond Resources (VSE), recently agreed to option what it regards as a promising 17,700-acre nickel property east of Amos, Que. In 1971, drilling completed on …
U.S.REPORT Toffan, Netolitzky fund Atna deal
Armed with the proceeds of a recent private placement, Atna Resources (VSE) has been busy assembling a land package in the Foothills Belt of California, a region known to be prospective for polymetall…
Pacific Sentinel drilling Arizona project
A $500,000 exploration program managed by Pacific Sentinel Gold (VSE) is under way on the Golden West project in La Paz Cty., Ariz., where the company is earning a 50% interest from PIC International …
EDITORIAL PAGE Questioning the motives
Sometimes it seems you can’t do anything right. Consider Falconbridge Ltd.’s latest public relations coup. The company surrendered its interests in the Baie Fine industrial mineral deposit largely bec…
EDITIORIAL PAGE Gold’s 12-year high
The following is excerpted from The Gold Monitor, a newsletter published by M. Murenbeeld & Associates of Victoria, B.C. In constant dollar terms, gold is now cheaper than at any time since early 1978…
Work starts at Unuk River project
A program of geological mapping and geochemical sampling is in progress on the Unuk River project, about 40 miles north of Stewart, B.C., and four miles southeast of the Eskay Creek 21 zone discovery….