Esperanza’s Tillicum nears production
The Tillicum Mountain gold property of Esperanza Explorations should see production early in 1989. The property is near Burton in southeastern British Columbia. The project, to cost an estimated $5 mi…
News
Central banks’ gold holdings usually greatly undervalued
The significance of gold in the reserves held by central banks is often overlooked. This may be because these gold bullion holdings are often included in official statistics at artificially low valuat…
Ashton options Freewest platinum property
Australian mining company Ashton Operations Inc., an affiliate of Ashton Mining Ltd., has acquired an option to earn an interest in claims held by Freewest Resources. Ashton can earn a 65% interest in…
Atlantic Report Midas invades Nova Scotia
A relative newcomer to Nova Scotia gold action is Midas Minerals. President Karl Skobe has said that although the company is based in Toronto, its largest investor base is in the Sudbury area of Ontar…
Coxheath plans Tangier production
Another gold property in Halifax Cty., N.S. will likely start pouring gold at a commercial rate July 1, 1988. Toronto-listed Coxheath Gold Holdings announced at its annual meeting in Halifax this week…
Suppliers Notes
Outokumpu Equipment of Canada has been appointed the agent in Canada for the industrial line of products manufactured by Berthold of West Germany. ** Products include density gauges, level measurement…
50 YEARS AGO March, 1938 BUFFALO ANKERITE REPORTS PROGRESS
Continuing the remarkable forward trend which has been in progress for several years, Buffalo Ankerite Gold Mines, in 1937, marked up increases of 120 per cent in net profits after all charges. The co…
What’s New High-pressure Slurry Pumps
High-pressure slurry pumps, manufactured by geho Pumps of the Netherlands, are now available in Canada. The company has established an office in Schofield, Wis. and has formed a new company — geho Pu…
Exploration ’88 ROYEX
The Royex group, which includes International Corona Resources, Lacana Mining and Mascot Gold Mines, expects to intensify its search for exploration and acquisition opportunities in 1988 under newly- …
Exploration ’88 RIO ALGOM
Rio Algom, operating through its wholly-owned subsidiary Rio Algom Exploration, plans to increase its Canadian exploration activities in 1988, especially in its search for gold and massive sulphide ba…
Exploration ’88 QUEENSTON
During 1988, Queenston Gold Mines expects its property interests will undergo a minimum of two underground exploration programs and four surface drill programs. Total exploration expenditures by Queen…
Exploration ’88 NORANDA
Noranda Inc. is going hunting for base metals this year — not to the total exclusion of precious metals, of course, but enough to mark a major shift in emphasis. Last year, for every $6 spent trying …