Vancouver-based Gowest Amalgamated Resources has granted New Texmont Explorations of Toronto an option to earn a 50% interest in a 14-claim property in Tully Twp., 40 km northeast of Timmins, Ont. Und…
Although the worst is over for the gold price after the metal’s recent plunge to the $420-$430(US)- per-oz-range, there is no likelihood of a sustained bull market during the remainder of 1988, Shears…
A dispute between joint venture partners Magna Ventures and Silver Princess Resources is holding up work on the Doc gold-silver claim group in the Sulphurets belt near Stewart, B.C. At issue, accordin…
The Quebec government mining company soquem (Societe quebecoise d’exploration miniere) has a new president and chief executive officer. Andre Laurin, formerly assistant deputy minister (mines) with th…
With production from the underground section of its 70%-owned Mobrun polymetallic mine well underway, Audrey Resources has completed its second quarter as an operating mining company. Production at th…
Net income of $3.3 million (24 cents per share) was recorded by Minnova Inc. of Toronto in 1987 compared with $4.65 million (35 cents per share) the year before. The company says metal production and…
An option has been acquired by Tanqueray Resources giving the company the right to earn a 10% interest in the Valley gold mine property. The project is located near Republic, Wash. Tanqueray can earn …
Zahavy Mines, an affiliate of Noramco Mining Corp., has released more drill results from the company’s gold project near Favourable Lake, north of Red Lake, Ont. The drilling, which tested the No 3 ve…
As was widely anticipated (N.M., March 7/88), a Prime Capital (Pezim) Group company has entered the takeover battle for Vancouver-based North American Metals. It has added a bit of much- needed excite…
Mining companies which operate in several countries and have interests in more than one mineral may face the best chance for success. Robert Needham, executive chairman of the Australian firm Giant Re…
Drilling by Noramco Mining Corp. on the company’s Pickle Crow gold property is showing the southwest iron formation unit to be consistent between drill holes. Located near Pickle Lake, Ont., the prope…
Faith Mines says it has entered into an agreement with Perron Gold Mines, a company with common management, whereby Faith can earn a 50% interest in 7 1/4 mineral claims in Chaste Twp., Que., by carry…
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