Fourth quarter offsets losses for Equity Silver
With revenues totalling some $63.7 million, Equity Silver Mines managed to post a modest profit of $22,000 last year, compared to $230,000 in 1985. Fourth-quarter earnings of $605,000 offset losses in…
News
Drilling progam to start on old Lovitt mine property
Surface diamond drilling is scheduled to begin immediately on the old Lovitt mine property at Wenatchee, Wash. Vancouver-based Grange Gold Corp. holds a 50% interest in the Lovitt Mining Company which…
Letter to the editor Seeks Red Lake information
I am endeavoring to locate the daughter of the late mining pioneer, Horace G. Young, (1881- 1966). I believe she is Mrs Wilhelmina Charlton, last known living in Calgary, Alta. I represent the Red Lak…
New PDA chief tackles flow-through ,convention
Though he’s only been with the Prospectors and Developers Association a matter of weeks, the Association’s new executive director, Alan Bossin, is quickly learning the ropes. He’s had to. He came in f…
Breakwater to sell 1.2 milion shares
Breakwater Resources has agreed to sell 1.2 million of its shares to Loewen Ondaatje McCutcheon and Company of Vancouver to raise $7.92 million. These funds will be used to pay Cannon mine capital cos…
Tonnage figures expected on Gordex heap leach mine
With assay results in for 35 holes and an additional 45 holes still to be drilled and/or assayed on its Cape Spencer gold mine northeast of Saint John, N.B., Gordex Minerals, Canada’s first heap leach…
$2.5m. in flow-through for Houston Metals bet
A $1-million exploration program is under way at the old Silver Queen Mine near Houston, B.C. The property falls under a joint venture agreement between Houston Metals and New Nadina Explorations. Reh…
Exploration progresses on Terramar’s Reid mine
The first phase of exploration at the Reid Mine project near Redding, Calif., has been completed by Terramar Resource Corp. The underground workings at this former producing gold mine have been dewate…
Proteus acquires interest from Kerr
Vancouver-listed Proteus Resources has concluded an option agreement with Kerr Addison Gold Mines to purchase Kerr’s 50% interest in an 88-claim gold property in Garrison and Thackeray twps., Ont. for…
Muscocho encouraged at Magnacon project
Exploration drifting underground at the Magnacon joint venture in the Mishibishu Lake area of northern Ontario is continuing to turn up gold values on the 300-ft level. In the joint venture, Muscocho …
Pathfinder withdraws from Pine Tree bet
Goldenbell Resources says that Pathfinder Gold of San Francisco has elected not to participate in further development of the Pine Tree gold project. The option agreement expired on Jan 30 and both com…
Beaver Dam mine will be very profitable, study says
If knowing exactly what the challenges will be to make a mining venture a profitable one is half the battle, then managers and shareholders of Seabright Resources Inc. are half way to bringing Nova Sc…