At its annual meeting in Toronto, Falconbridge Gold (TSE) reported a loss of $343,000 (2 cents per share) in the first quarter compared to earnings of $802,000 (5 cents per share) in the same period l…
The price of gold rocketed to a high of US$385 per oz. on May 19 from a low in March of about $326. At presstime, the price had sagged, presumably as a result of profit-taking, to $373. Peter Allen, p…
A 3,700-metre winter drill program in the Foster Lake area of northern Saskatchewan has yielded significant zinc and copper values for Noranda Exploration, a division of Noranda (TSE). At Hewetson Lak…
A 6,000-ft. drill program is under way on the Bruneau gold property, 31 miles southeast of Matagami, Que., reports Aurizon Mines (TSE). Soquem, which is testing geophysical anomalies associated with t…
Recent financing arrangements have set the stage for Azco Mining (TSE) to bring the Sanchez operation into production in southeast Arizona. The copper project is one of three held by the company in th…
We knew (or rather, we hoped) something was afoot when share prices of Canada’s major and minor gold producers started moving up sharply in January. It is a generally accepted investing principle that…
Robert Bryce of Aur Resources (TSE) will discuss the Louvicourt project in northwestern Quebec at a May 28 luncheon of the Vancouver branch of the Canadian Institute of Mining, Metallurgy and Petroleu…
Geologist and British Columbia-based consultant James Bristow died recently at Kamloops, B.C. He was 62. After graduating from the University of British Columbia in 1957 with a degree in geology and p…
The sale of some gold mining assets is providing Cyprus Minerals (NYSE) with additional funds for capital programs aimed at reducing costs and expanding production. An 80% interest in the Golden Cross…
The recent spate of legal disputes over rights to concessions has not prevented junior companies from seeking to tie up ground in Venezuela’s Kilometer 88 district. Activity there is growing steadily,…
The Tulsequah Chief massive sulphide deposit in northwestern British Columbia has been deemed economic in a pre-feasibility study. Redfern Resources (TSE), which owns the project, hired Tonto Mining t…
Following the release of further encouraging results from the Tli Kwi Cho kimberlite pipe in the Northwest Territories, partners DHK Resources and Kennecott Canada have moved a large-diameter (6-inch)…
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