Northumberland to take another look at old mine
The decision to go underground once again in the Goldenville district of Nova Scotia — probably the first real boom gold camp in Canada, starting in 1860 — should be made late this month, according …
News
Parklane finds in Arctic
Three sulphide mineralized zones have been discovered on the Courageous Lake area property of Parklane Technologies and Highwood Resources. Located in the N.W.T., the property covers approximately fiv…
Eastmaque to produce
The commissioning of a tailings reclamation project by Eastmaque Gold Mines is expected to start in December, the company says. The project will process gold mine tailings in the Kirkland Lake, Ont., …
Getty, Noranda expand strike of Tundra deposit
Additional deep drilling by partners Noranda Exploration (51%) and Getty Resources (49%) has extended the strike length of the Tundra deposit by 450 ft. Located at Courageous Lake, N.W.T., the Tundra …
Richwell buys mill for Blackstone ore
A 65 ton-per- day mill will begin processing ore from Richwell Resources’ Blackstone gold property in Elmore Cty., Idaho, by mid-January. The mill, which cost $135,000, is being installed in Fairfield…
Letters to the Editor Regrets doubts cast on company
Your Nov 30 issue contained an article on the results of an exploration program by St. Joe Gold in the Shoal Lake area of northwestern Ontario, (St. Joe has reserves on Kenora property). While we cong…
Montreal Exchange Vassan among leaders
Good news travels fast, as Vassan Resources of Val d’Or, Que., can attest. The junior mining company traded a respectable 368,200 shares this week on encouraging preliminary drill results from its gol…
Queenstake profits up
A record- breaking gold production year for Queenstake Resources boosted 9-month net profits to $196,942 on revenues of $4.3 million. This compares with a loss of $434,114 on revenues of $1.5 million …
Terra reports earnings loss as Bullmoose project closes
Reclamation work and costs of closing down its Bullmoose project near Yellowknife resulted in a third-quarter loss for Terra Mines of $1.1 million on revenues of $46,000. This compares with a profit o…
Black Monday threatens Queenston/Northfield deal
While Canadian gold stocks continue to recover from Black Monday, the Oct 19 stock market debacle is still playing havoc with the plans of some junior exploration companies. Toronto-based Northfield C…
Gunnar/Mill City busy at Winter Lake claims
Shortly after acquiring the Winter Lake claim group 150 miles north of Yellowknife in the North West Territories, partners Gunnar Gold and Mill City Gold are conducting an airborne geophysical survey …
Brinco quarter results
For the 9-month period ended Sept. 30, Consolidated Brinco realized net earnings of $1.23 million or 7 cents per share. This compares with earnings of $946,000 or 3 cents per share realized in the c…