Producers strive to keep costs low
Averaging costs in 1986 at 147 primary gold mines, Mine Development Bimonthly calculates that 50% of the gold cost less that $200(US) per oz to produce, with 75% of the gold produced at or under $230….
News
X-Cal discovers third gold zone
A third mineralized zone has been discoverd by X-Cal Resources on the company’s Tyax property in B.C. The claims are located in the Bralorne-Bridge River area. The new zone returned an average grade o…
News in briefs (October 05, 1987)
MFC Mining Finance says it will purchase VenturesTrident’s 25% joint-venture interest in Cactus Gold Mines’ operating heap-leach gold mine in California, 50 miles northeast of Los Angeles, in return f…
NSR set to begin ramping at Rand Malartic project
De-watering of the existing underground workings at the Rand Malartic gold project at Val d’Or, Que., is almost complete, NSR Resources reports. Ramping is set to begin as soon as the dewatering is fi…
Lupin-style sulphides found at Aber/Highwood bet
Vancouver-based Aber Resources says it is encouraged by drilling results at its Butterfly Lake project in the Northwest Territories’ Mackenzie district. Located 15 miles southeast of the Lupin mine wh…
Editorial Extend flow-through to the Third World
Thanks to the flow-through financing introduced by the federal government, this country is witnessing the greatest gold rush in its history, with upwards of $1 billion to be spent on its exploration t…
U.S. finds platinum in Alaska
Laboratory analyses of six gold ore samples from mines near Fairbanks, Alaska, revealed substantial amounts of platinum, leading U.S. Geological Survey scientists to conclude in a report that the area…
LETTERS TO THE EDITOR Denies “killer bugs” statement
I was appalled to see Giant Bay’s microbes described as “killer bugs” and “aggressive” in the Sept 7 issue of The Northern Miner. These characterizations are totally erroneous. As with all developers …
Vancouver Stock Exchange Gold stock demand
What can only be described as an insatiable demand for gold stocks continues to bolster the Vancouver market. Despite some negative signs on the horizon, the market’s fundamentals are still pretty goo…
Red Lake-Sun Valley to spend $2 million at Red Lake bets
Thanks to an additional $1.5- million flow-through financing Red Lake-Sun Valley Resources now has $2.5 million to spend on exploration at its Red Lake, Ont. property. Red Lake-Sun Valley received $1 …
General News & Comments New Ontario mines minister
Rene Fontaine, who resigned about a year ago under a conflict-of- interest cloud as Ontario minister of northern development and mines, has returned to the provincial cabinet fold, this time as minist…
Golden Range option
Golden Range Resources says it has optioned 116 units or about 7,200 acres some 40 air miles from Revelstoke, B.C., and can earn a 100% undivided interest by spending $500,000 over five years, and mak…