News

Skylark, BP hit sulphides while drilling CM property

Vancouver-based Skylark Resources (VSE) and partner BP Resources Canada (TSE) have hit on a 78-ft intersection of massive and stringer sulphides at the CM claim project north of Kamloops, B.C. The joi…


Sutton drilling at Creede silver property

A deep drilling program is under way on Sutton Resources’ (VSE) Creede silver property located in Colorado. The program consists of two holes, both about 2,000 ft in length, and is designed to test th…



Northgate’s cash puts Colomac on fast track

Northgate Exploration (TSE) has agreed to provide the remaining financing needed to get the $135- million Colomac gold project into production. The cash-rich company will inject $8 million directly in…


Minnova/Rea Gold Get Approvals For B.C. Silver Mine

The British Columbia government has approved the Stage I permit for the construction and building of mine facilities on the Samatosum silver project located near Adams Lake, B.C. Minnova Inc. (TSE) ho…


Ketza River gets best results yet

The Ketza River gold mine enjoyed its best operating month yet since starting operations last summer. Operated by Canamax Resources (TSE) and held equally with Pacific Trans-Ocean Resources (TSE), the…


Euro-Nevada obtains Castle Mtn. royalty

Toronto-based Euro-Nevada Mining (TSE) has reached an agreement to buy a 4% net smelter return royalty interest in 540 acres of land on Viceroy Resources’ (TSE) Castle Mountain gold property. Located …


Steel demand gaining in strength

Consumption of crude steel in the non-Communist world is expected to rise by 6% this year over 1987 levels, to 478 million tonnes, delegates to the 22nd annual conference of the International Iron and…


Mining research network would cost $50 million

The nation’s nine mining degree granting universities are planning to establish an elaborate, coast-to-coast research network which would cost about $50 million over four years. They recently presente…


Chile gold boom attracts Canadian firms

Favorable foreign investment laws combined with attractive gold potential have convinced some Canadian mining firms that risk taking in the mountains of Chile is bound to pay off. Currently the third …


Letters to the Editor Free trade and peace

The 12 nations of Europe, which at times have been bitter enemies, contemplate free trade and communication by 1992. Can two old friends, like Canada and the United States, do less? If friendly nation…


FINANCING (October 17, 1988)

VANCOUVER Cazador Expls Ltd — gross proceeds rec $180,000. Gulderand Mining Corp — 400,000 offered at 75 per sh. Amanda Res Ltd — 600,000 offered at 40 per sh. Shoshoni Gold Inc — 500,000 offere…


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