Aurogin drilling kimberlite bets
Diamond drilling has commenced on the first of 12 potential kimberlite targets to be tested this winter by Toronto-based Aurogin Resources (VSE). Aurogin can earn a 50% interest in the properties from…
News
Correction (March 06, 1989)
Claims held by Cline Development Corp. (VSE) and Transgold Resources (COATS) also include a property which was at one time held under option by Esso Minerals. Work by Esso defined reserves of 72,000 t…
Kerr Addison plans to reap rewards from new projects
Falling gold prices and the rising value of the Canadian dollar were responsible for a substantial reduction in Kerr Addison Mines’ (TSE) net income during fiscal 1988. Net income reported by the 50.1…
Falconbridge not bidding on “iffy” Nonoc project
Falconbridge Ltd. Chairman William James recently dispelled reports that he is negotiating to buy the Nonoc nickel project in the Philippines. No discussions have taken place between the government of…
Obituary Andrew Robertson
Andrew (Andy) S. Robertson, described by associates as one of the last of the “gentleman miners,” died Feb 26 at his home in West Vancouver. Born Jan 12, 1902, Robertson studied mine engineering at Mc…
Brunswick posts minor production increase
Annual production at Brunswick Mining and Smelting Corp.’s (TSE) No 12 lead-zinc-silver mine near Bathurst, N.B., was up slightly last year compared with 1987. Total ore milled by the company increase…
Newfields awaits further financing
Underground exploration work by Newfields Minerals (TSE) in the Kirkland Lake, Ont., area has been placed on hold pending further financing. The company is negotiating a private placement out of New Y…
Toronto Stock Exchange Rising rates take toll on bullion and
A concerted effort by the Federal Reserve Board in the U.S. to keep a firm lid on inflation is taking its toll on equities and gold bullion — the latter a traditional inflation hedge. Rising interest…
Levon reports gold discoveries from Congress
Several high grade gold discoveries were made by operator Levon Resources (TSE) during recent underground work on the Congress project located near Gold Bridge, B.C. The project is a 50/50 joint ventu…
Restrictions delay exploration in Toodoggone area
With the Cheni gold project now in production, Vancouver-based Energex Minerals (TSE) has the most advanced exploration project in the Toodoggone area north of Smithers, B.C. But a decision on a combi…
Student shortage
A disturbing fact came out at the second annual Central Canada Geological Conference held in Toronto last February. During a panel discussion entitled The University-Industry Relationship — The Next …
Promising Big Z core samples contained little gold
The main events in the discovery and staking of what was known as the Big Z that led to the hectic Blind River uranium boom of the 1950s have been well documented. But there were some others that both…