American Reserve sells 60% of Timmins project Vancouver-based American Reserve Mining Corp. (VSE) has sold a 60% interest in its Paymaster gold property at Timmins, Ont., to Placer Dome Inc. (TSE) for…
Exploration is scheduled to begin in June on a zinc-lead-silver property in the Northwest Territories recently optioned by Ego Resources (TSE). Ego has an option to earn a 100% interest in Initiative …
A recent study of Gamsan Resources’ (ASE) Brabant Lake polymetallic deposit in northern Saskatchewan concluded that current reserves are inadequate to justify development of a mine. The study was done…
Fill-in drilling, surface trenching, column-leach tests and a heap leach feasibility study have been completed by Win-Eldrich Mines (TSE) at its Ashdown property in Humboldt Cty., Nev. The company say…
As a result of confusion regarding the future direction of interest rates, volumes were generally low on the Alberta Exchange this week. However, the lack of trading activity didn’t preclude a sudden …
After a year-long shopping spree for acquisitions, Northgate Exploration (TSE) has emerged looking more like a complex holding company than the exploration firm its name suggests. In its quest to acqu…
Aiming for a production level of one million ounces in the early 1990s, Homestake Mining (NYSE) boosted gold output to 781,458 oz in 1988, a 15% increase from the previous year. According to Harry Con…
Two properties near Lac St. Jean, Que., have been optioned to related companies Golden Dragon Resources (VSE), Tarzan Gold (ASE), Cross Lake Minerals (VSE) and Glen Auden Resources (TSE). All but Glen…
Mason C. F. (Eric) Kossatz, vice- president of Inco Gold, died in Toronto on April 14. He was 62. Kossatz joined Inco as a contract engineer in 1953 after graduating from the University of Toronto in …
Canadian government estimates of mineral exploration expenditures ranging from $700-$900 million in 1989 are overly optimistic, the president of a major Canadian flow-through fund says. Jean-Guy Masse…
When Audrey Resources (TSE) brought its 70%-owned Mobrun polymetallic mine into production two years ago, there were fears that the company would have trouble living up to the terms of a custom millin…
The profits of many North American uranium producers are being squeezed by low metal prices, but first-quarter results for Uranium Resources (NASDAQ) tell a different story. Net income was $2.3 millio…
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