After much success in reducing costs, improving efficiencies and increasing gold production, LynnGold Resources (TSE) fell victim to plummeting gold prices. After sustaining continued losses at its Ma…
Recent drilling by Fairbanks Gold (VSE) at the Fort Knox property near Fairbanks, Alaska, has encountered broadly disseminated free gold extending from surface to a depth of more than 1,000 ft. Becaus…
Having agreed to earn a 60% stake in Eagle Lake Explorations’ (ASE) Yukon base metal property, Greater Lenora Resources (ME) is to start a 3,000-ft drill program within two weeks. Under a recent agree…
ALUMINUM: MW U.S. Market US80.25 cents – 82.25 cents per lb. (July 27, 1989). ANTIMONY: New York dealer 95 cents -$1.00(US) per lb. (July 20, 1989). BISMUTH: New York dealer $5.50-$5.65(US) per lb. (J…
After a $9-million capacity expansion last year, Wharf Resources’ (TSE) Annie Creek heap leach mine, a few miles south of this mining town, is on target to set a production record. Wharf is aiming at …
Inco Ltd. (TSE) has made a few modifications to Inco Gold, the company’s wholly-owned gold mining and exploration arm. Inco Gold will manage Inco’s gold properties which are in production or near prod…
The safest mines in the United State were honored recently with the “Sentinels of Safety” award presented by the American Mining Congress and the Department of Labor. To qualify for the award a mine m…
It may not be happening in any major way in Vancouver, but brokers here are heartened by the recent upswing in trading activity on the big boards back East. However, unlike several years ago when juni…
Corona Corp. (TSE) has started a diamond drilling program on Varna Gold’s (ASE) Mings Bight property in Newfoundland. Drilling is testing the Lightning zone which hosts three mineralized zones in a se…
A delegation from Cobalt and surrounding areas seeking a bonus on silver for the Cobalt and Gowganda silver areas of Ontario has waited on the Dominion government, but the outcome has not been announc…
We have heard comments occasionally that readers of mining news sometimes miss the significance of a report because they do not understand the implications of geological information given. Accordingly…
The expected has happened. The pound has fallen and gold has gone to a new high price in London, the world’s one great open market. The news is important, for even though the drop came co-incident wit…
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