News

With only 400 ft left to go, and with the core beginning to show the right kind of alteration, Goldpac Investments (VSE) has encountered a 2-week delay in the deep drilling project on its Bar property…

Partners Falconbridge Ltd. (TSE) and International Thunderwood Explorations (TSE) have made an initial reserve estimate at the Pelletier Lake gold property two miles southwest of Rouyn-Noranda, Que. B…

When the Mount Skukum mine officially opened in the summer of 1986, it was hailed with great fanfare as the Yukon’s first significant hard rock gold mine. Two years later, the internationally-backed c…

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Aug 90.90 90.50 90.75 — 1.15 Sep 91.90 90.15 …

Once again some impressive assay results have been reported from a drill program near Vernon, B.C. But this time it’s from the Top claims of Venturex Resources (VSE) and El Paraiso Resources (VSE). Th…

Augmitto — MVP Capital bought 90,000 to hold 2,825,662. Barron Hunter Hargrave — J. Hargrave sold 68,500 to hold 4,010,200. S. Hargrave sold 42,000 to hold 2,297,200. Beaver — J. Blair sold 51,000 …

Driven by substantially higher income from gold and base metals, Homestake Mining Co. reported a 36% increase in operating earnings during this year’s second quarter. The giant United States mining co…

In reference to a letter to the editor from J. H. J. Morgan (N.M., Aug 8/88), certain statements were made about Canamax’s 100% owned Kremzar project. I would like to point out some inaccuracies in hi…

Shaft sinking adjacent to the largest high grade uranium deposit in the world at Cigar Lake, Sask., should re-commence this week. Regina-based mining contractors Thysson Mining Construction of Canada …

A recent option agreement giving Minnova Inc. (TSE) the right to earn a 70% interest in the Victory property held by Pacific Minesearch (VSE) adds yet another project to Minnova’s already extensive ex…

Blue chip stocks featured prominently in weekly trading on the Montreal Exchange this week as a slumping gold price led the market lower. Most active issue on the exchange was Falconbridge with more t…

Toronto-based Glencairn Explorations (ASE) is attempting to bring a Brazilian placer diamond operation into production by the second quarter of 1989. Owned by Mineracao Piracicaba of Rio de Janeiro, …