During the first nine months of this year, International Thunderwood Explorations (TSE) spent $4.3 million on mineral exploration. The bulk of the money went to the Pelletier Lake and Gold Hawk projec…
Drilling by Noble Peak Resources (ASE) on the company’s Southwin gold prospect in the eastern arctic has confirmed surface trenched gold values to a depth of 600 ft. Hole 21 intersected 16.8 ft gradin…
Amir — G. Nordin sold 125,000 (July, private) to hold 10,600. Bar Res — D. MacLeod sold 260,650 (Sept, private) to hold nil. Breakwater — R. McDonald sold 30,708 (Sept) to hold nil. Canuc — R. Gun…
Gold’s resilient performance, which saw the price advance to $406.40 on the second London fix, failed to ignite much enthusiasm from war weary investors. The TSE composite index gave up 23.19 pts to …
A financing agreement worth $188,000 has been arranged between Orleans Resources (ME) and NIM Resources — 1988 and Co. Ltd. Partnership. To be issued are 250,667 shares at 75 per share. The funds wi…
An engineering, procurement and construction management contract for a mill rationalization program was recently awarded to Wright Engineers and Fluor Daniel by Inco Ltd. The program, which is expecte…
Surface drilling at MinVen Gold Corp.’s (TSE) Gilt Edge mine in South Dakota has encountered significant gold mineralization over some unusually long thicknesses. The company is involved in a $9.4 mil…
Reserve calculations to be used in generating mining reserve figures for the advanced Sulphurets project in northwestern British Columbia are now in progress. The property is owned 60% by operator New…
Northgate Exploration (TSE) and affiliate Westfield Minerals (TSE) have agreed to pool several assets into a holding company. Known as Norwest Holdings, the company will own an 18% interest in Whim Cr…
The principal operating companies involved in the adjacent Mishi and Magnacon gold projects, Granges Exploration (TSE) and Muscocho Explorations (TSE), have agreed in principle to test mill up to 200 …
First Mississippi Corp. has reported a pre-tax operating profit of $2.5 million from its minerals division for the year ended June 30. The profit, which compares with a $200,000 loss a year ago, refle…
The Polish mint has struck a one-troy-pound gold coin to commemorate the tenth anniversary of Pope John Paul II’s election as pontiff. Even though there are only 300 of the 0.999% pure gold coins mint…
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