Government funding assistance for new developments should be conditional on meeting environmental standards, says a senior Inco executive. “There is no way that we should have the taxpayer’s money bei…
British Columbia’s Mines Minister Jack Davis is arguing for a level playing field on taxation and freer markets for the mining industry. Speaking at the B.C. Mining Association annual meeting, Davis s…
Direct exploration costs in the 1987 fiscal year funded by Golden Rule Resources totalled approximately $4.2 million. But it was exposed to $11 million in expenditures under various joint venture agre…
After spending a decade building its placer mining base, Queenstake Resources is using cash flow from this sector to develop several hardrock properties. Gordon Gutrath, president, believes a producti…
Imperial Metals reports net income for the 9-month period ended Dec 31 of $766,000 or 4.5 cents per share on revenues of $2.7 million. This compares to a loss of $54,000 or 1.4 cents per share after…
A 12,000-ft drilling program is being carried out by Carlson Mines and its joint- venture partner Black Gregor Explorations on their Hemlo-Marathon property, north of Lake Superior, Ont. The program, …
With around $200 million in hand from the sale of its mining arm to Australia-based Western ining Corp., Northgate Exploration is well positioned to acquire some new gold properties. The Toronto outfi…
Encouraging first results have been released by Mazarin Inc. following drilling at the Inmont gold-copper property located 12 miles northwest of Rouyn-Noranda, Que. Mazarin, the operator, and sister c…
A spate of new gold discoveries made last year and construction of a new mine continue to stimulate a record amount of exploration in the Harker-Holloway area extending for 35 miles from Matheson, Ont…
With five operating gold mines and 15 million oz in proven ore reserves, New York-based Newmont Gold is moving rapidly toward the number one spot in North America’s gold production leagues. The 95%-ow…
A local consulting engineer, Ronald B. Stokes, is organizing a safari to Australia which won’t require a rifle. However, a “riffled” sluice box might help because the safari is for gem collectors and …
Hecla Mining Co. of Canada has optioned the Mooseland gold property owned by Acadia Mineral Ventures. Under the terms agreed to by both companies, Hecla can earn a 60% interest by financing the projec…
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