News

In 1988, Lac Minerals will spend $13 million on exploration including $5 million at existing mining operations. Exploration expenditures in 1987 were $27 million because of the proceeds from a $10-mil…

Concurrent with a program of depth development, Pickle Crow Gold Mines has been intensifying the search for subsidiary vein occurrences. Two diamond drills are probing from surface ground contiguous t…

With a registration of 1,585 on the second night, the 39th annual convention of the Canadian Institute of Mining and Metallurgy at Toronto established a new signpost this week in the upward march of t…

Coniagas Mines, both directly and through affiliated companies, is pursuing a number of essentially gold exploration targets, which represent a 1988 budget of about $4 million. For Coniagas itself, th…

Saskatchewan Mining Development Corp.’s exploration expenditures are expected to increase in 1988 to about $8.5 million from $5 million spent in 1987. The largest portion, about $6 million, will be sp…

Mingold Resources was formed in 1987 to participate in the exploration, development and mining of gold in Canada. The company is owned equally by the Minorco group and the Inspiration Resources group….

Echo Bay Mines’ explorationists had their best year ever in 1987, adding nearly seven million proven and probable mineable ounces of gold to the company’s 1986 reserve of 5.6 million oz. This was acco…

Esso Minerals Canada plans to spend in the neighborhood of $11 million on gold and polymetallic massive sulphide exploration throughout Canada in 1988. About 70% will be directed toward precious metal…

In 1988, Falconbridge Ltd.’s surface exploration budget will be $24 million compared with $22.5 million in 1987. Michael Knuckey, vice-president, exploration, says the proportion of expenditures in su…

Hudson Bay Exploration and Development, a wholly-owned subsidiary of Hudson Bay Mining & Smelting, will again be concentrating its exploration efforts in northern Manitoba and Saskatchewan in 1988. Th…

Last year, Noramco Capital gave a dazzling display of coast-to-coast ** fund-raising that netted about $60 million. This year, the company will narrow the field of prospects and concentrate on specifi…

Granges Exploration has reduced its budget this year, cutting $2.5 million from the $12.5 million spent last year on the search for base and precious metals. Of the current $10-million allocation, 1…