Buoyed by record result, Newmont earnings go up
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…
News
Harker-Holloway area continues to draw exploration activity
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…
Mazarin, Dufresnoy are encouraged by first results
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…
Theresa bulk sampling by Duration, Locator
A bulk sampling program is scheduled to begin this month on the Theresa mine property, Duration Mines says. Affiliate company Locator Explorations is an equal partner in the property. Located south of…
More gold found at Golden Terrace bet
Following some encouraging results at Golden Terrace’s Richardson Lake gold project northeast of Red Lake, Ont., the Toronto company is seeking a partner to finance the project to production. During a…
Breakwater has increased earnings
Breakwater Resources reported earnings of $4.2 million or 19 cents per share for the year ended Dec 31. This compares to earnings of $925,000 or 5 cents per share in 1986. “The substantial increase …
Britannia Mines – Canada’s largest museum artifact
A heritage resource — what does it mean? To most people “heritage” means a birthright, a tradition, culture or characteristic inherited from the past. Why preserve the Britannia Mines, and specifical…
Seadrift encounters more mineralization
Vancouver-based Seadrift International Exploration reports encountering 188 ft of disseminated and massive sulphide mineralization in hole DDH 88-4, from 844 ft to 1,032 ft, at its wholly-owned Alderm…
Newhawk resumes Sulphurets work
Exploration work has resumed at Newhawk Gold Mines’ Sulphurets project north of Stewart, B.C. The company has a 60% interest in the property and Granduc Mines 40% Newhawk President Donald A. McLeod ex…
Other factors could push gold price despite stronger U.S. dollar
Gold has tumbled sharply in recent days. The absence of any obvious inflationary pressure in the U.S., a firmer U.S. dollar and the market’s perception that the U.S. economy may be slipping into reces…
Ateba can earn 50% interest in Chutine’s Stover project
A joint venture agreement between Chutine Resources and Ateba Mines gives the latter the right to earn a 50% interest in Chutine’s Stover gold- silver property near Missanabie, Ont. Abeta must spend $…
Dickenson acquires more Wharf shares (March 07, 1988)
An additional 909,100 shares of Wharf Resources have been purchased by Dickenson Mines of Toronto, boosting the latter’s holding in the former to about 5.7 million shares, or 32.8% Dickenson, which re…