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About 80% of the exploration budget of mining companies is devoted to the search for gold deposits. Over a 10-year period, this exploration effort has resulted in the discovery of gold mines with a va…
News
Noranda’s Geco seeks prospecting rush
Noranda Inc. (TSE) could use a little help from junior exploration companies in finding a new base metal deposit in the Manitouwadge area, and new geophysical surveys could provide the incentive to at…
Toronto Stock Exchange Mixed economic signals underlie uncertainty
Another week marked by cautious, directionless trading took hold of the markets as investors grappled with mixed economic forecasts. Weakness in the U.S. dollar was the main reason behind the boost in…
Lencourt reports progress in Zaire
Toronto-based Lencourt Ltd. (TSE) says progress is being made in its bid to gain control of the Sominki tin and gold mining properties in Zaire, Africa. Sominki owns and operates tin and gold mines in…
Coral Gold may sell Nevada mine
Low gold prices and some operational problems associated with bringing a new heap leach mine on stream are expected to “hold down production” at the Robertson gold mine owned by Coral Gold (TSE). The …
Indian lore, movies, animals- are popular as company names
Unusual or exotic company names often add color and reflect the entrepreneurial spirit of the junior mining sector in Canada. Here are just a few of the more colorful company names found among junior …
Fairbanks expands drill program
Results from recent drilling on the Fort Knox gold project near Fairbanks, Alaska, have prompted project operator and 51% owner Fairbanks Gold (VSE) to expand the 1989 exploration and development prog…
Stikine puts stake in Eskay Creek on block
Half the Eskay Creek gold project north of Stewart, B.C., is up for sale. Stikine Resources (VSE) has appointed Yorkton Continental Securities as its fiscal agent to locate a buyer for its shares. The…
Core Shack MAGNACON MINE
The Magnacon mine, 68 miles west of Wawa, Ont., has drill- indicated reserves of 1.4 million tons averaging 0.24 oz gold per ton in quartz veins hosted in quartz-sericite schist within a shear zone at…
Chinese promoting 1990 world Mining Congress
World mining congress China making plans to host 1990 World Mining Congress A small Chinese delegation recently visited Canada to promote the 14th World Mining Congress and Exhibition scheduled for Ma…
Innovations VERTICAL RETREAT
Back in the early 1980s, Inco was losing $2 million a day. The company had to find ways to cut costs and improve productivity. It did, and the single biggest factor was a shift to vertical retreat min…
Black Gregor raises $1 million for exploration work
Toronto-based Black Gregor Explorations (COATS) has completed two private placements to raise funds in the amount of $400,000 and $600,000 respectively. The proceeds will be used for exploration progr…