There seems to be little doubt that the third gold producer in the Red Lake, Ont., gold camp will be up and running in October. Located at Bateman Twp., about five miles north of the defunct Cochenour…
Mining companies and their employees in British Columbia and The Yukon contributed close to a quarter of a million dollars during a recent Telethon campaign to raise funds for Vancouver’s Children’s H…
The price of platinum jumped 24% during the first five months of 1988, from $469.30(US) per oz in January to $615.70 on May 31. Strong demand from Japan for jewelry and investment purposes combined wi…
Diamond drilling has extended the depth of the North Shoot discovery at Balcor Resources’ (VSE) Lasthope deposit in Manitoba. Hole No 175 returned 11.6 ft of 0.26 oz gold and No 180 yielded 10.7 ft of…
Ground continues to be gained by the stock market which closed just shy of the 3,400-pt mark today. The market rally, which began several weeks ago, has added more than 200 pts to the composite index,…
With only about 80,000 tons remaining in two deposits, the Supercrest gold mine couldn’t be described as one of the Northwest Territories’ larger operations. A joint venture project involving Akaitcho…
A surface and underground exploration program costing an estimated $7.5 million is being undertaken this year on the Goldboro property in Nova Scotia by Orex Exploration (ME) and Onitap Resources (TSE…
In a deal that involves $6 million in cash and $14.8 million in shares, Breakwater Resources (TSE) will become the largest corporate shareholder in Noramco Mining (TSE). Howard Gougeon, vice-president…
Operating cash flow for Equinox Resources for the six months ended April 30 was $605,000 or 14} per share. Total exploration and capital expenditures were $2.9 million of which $402,000 was expended o…
Calgary-based Mohave Gold (ASE) recently poured the first 7-lb gold/silver dore bar from a tailings project at Eldorado Canyon mine in Nevada where the company is bidding against Homestake Mining for …
The Vancouver market has finally come down to earth after Huntington Resources reported a spectacular drill intersection (N.M., June 13/88) grading 2.0 oz gold over 235 ft. After reaching a high of $5…
Glencairn Explorations (ASE) has received encouraging results from a diamond exploration program in Brazil. The company is funding a $213,000(US) exploration effort on the Feijao Cru placer diamond pr…
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