Valentine drilling B.C. gold prospect
A 20,000-ft drill program is under way on Valentine Gold Corp.’s Valentine Mountain gold project northwest of Sooke on Vancouver Island.
News
Osisko options property
An exploration program is planned for the 153-claim property held by Osisko Lake Mines in the Pickle Lake area of northwestern Ontario. Located 1,500 ft north of ground held by St. Joe Canada, the pro…
Coniagas placement
A private placement involving the sale of 300,000 previously unissued shares of Anglo Dominion Gold Exploration to Coniagas Mines at 90 cents per share has been completed, Coniagas reports. Coniagas …
Taywin encouraged by gold-silver assays
On the basis of exploration results obtained this fall, Taywin Resources plans further tests on several targets at its Electrum gold-silver prospect on Vancouver Island. Taywin has a 55% interest in t…
Giant workers vote on new contract
A first attempt by Giant Yellowknife Mines to reach a new contract agreement with members of the Timmins, Ont. steelworkers union, looks set to fail. With a Dec 31 deadline approaching, the company do…
Kewagama board change
A new board of directors has been named for Kewagama Gold Mines (Quebec) Ltd., following a change in control of the company from the A. N. Ferris group. Headed by Norman E. Brewster, president, the ne…
Petromet and partners plan drillng at Fifteen Mile
A $2-$3-million diamond drill program is scheduled to begin in early January on Petromet Resources’ Fifteen Mile Stream gold property in Nova Scotia. The program’s objective will be to increase the cu…
Granges output rising smartly to record levels
Revenues and earnings of Granges Exploration are running at record levels, with operating profit for the nine months to Sept 30 of $4,621,037 and net of $1,357,078 or 9 cents per share on sales of $1…
Inspiration plans to boost output of low-cost copper
A plan to reduce unit costs at its Globe, Ariz., facility by increasing leach-solvent extraction copper production by 25% has been announced by Inspiration Consolidated Copper, a subsidiary of Inspira…
Eastfield drilling results encourageing
A diamond drill program at Eastfield Resources’ Indata project north of Fort St. James, B.C., has returned some encouraging results, the company confirms. The October drill program intersected a miner…
Drilling extends zones at Granges, MacMillan gold bet
Recent drilling at the Mishibishu Lake gold project in northwestern Ontario has extended the main ore zone to the northeast and northwest and also the west zone which is located 2,500 ft west of the m…
Penway seeks financing for Canada/U.S. projects
Alberta-listed Penway Explorers is currently negotiating a flow- through financing agreement to raise $1 million for exploration at its Labrador Trough property near Schefferville, Que. The Toronto co…