Noble Peak’s drill plans
Noble Peak Resources (ASE) is planning a major follow-up drill program for its Cache gold discovery made this summer in the N.W.T. Taken from the grass-roots stage to the drill discovery stage in litt…
News
Miners meet in Calgary to transfer technology
A total of 260 mining people, from 19 countries, participated in an international symposium on mine planning and equipment selection at the University of Calgary recently. The symposium was organized …
Letter to the Editor Mining double talk
Having had some experience in the investor/public relations field, I am nonetheless continually amazed by the ingenuity and invention displayed by some of its practitioners. The article “Gunnar, Mill …
Minnova Drilling Algo’s Adams Lake Project
An 8-hole drilling program operated by Minnova Inc. (TSE) is under way on the OK I and OK II claims in the Adams Lake area of British Columbia. Minnova can earn a 60% interest in the property from Alg…
Lower gold prices impact on Homestake’s bottom line
Despite higher gold sales, Homestake Mining (NYSE) reported a 23% drop in operating earnings from gold mining operations in the third quarter. The company says the decline was due to lower realized pr…
Queries Fancy artwork
I have a stock certificate for 100 shares purchased in 1909 in a company called Frances Gold Mines Ltd. The shares sold for $2 each at the time of purchase 80 years ago. Can you determine if this stoc…
Cold Comfort Baffin Island zinc mine generates profits for MRI
With the sun retreating from sight almost completely and temperatures plunging to as low as minus 50 C, it’s difficult to imagine a harsher winter setting. But here on the rocky north shore of Baffin …
MacLellan mine has successful turnaround
The turnaround of the MacLellan gold mine appears to have been successfully completed, mine owner and operator LynnGold Resources (TSE) says. Results from the third quarter show the mine producing 14,…
Special from Indonesia News
Investment and restructuring pay off for Indonesian nickel mine Soroako, Sulawesi — home to P.T. International Nickel Indonesia (In co), the largest foreign mining investment in Indonesia — is fi…
Drilling under way at Melrose, Placer bet
A 3,000-m diamond drilling is under way at the Melrose Resources (VSE), Placer Dome Inc. (TSE) joint venture project at Blackstock Twp., 30 miles southeast of Timmins, Ont. Melrose President Peter Hun…
Investment Comment Junior gold producers evaluation
The Canadian gold mining industry today offers investors a broad spectrum of choices from senior gold producers to emerging junior gold producing companies Emerging junior gold companies are companies…
Jarvis Resources drilling Mallard Twp. gold property
Initial drill results from Jarvis Resources'(VSE) Mallard Twp. property in northern Ontario have returned anomalous gold values. Five diamond drill holes were recently completed as part of an ongoing …