News

A $1-million exploration program involving a minimum 20,000 ft of drilling is planned this year for Cathedral Gold Corp.’s (tse) Takla Rainbow project 95 miles northeast of Smithers, B.C. Approximatel…

With the expected demise of flow-through financing, partners Storimin Exploration (ASE) and Tandem Resources (ME) have some major decisions to make at the Moss Twp. property, west of Thunder Bay, Ont….

Newmont Second Capital Corp. a wholly-owned subsidiary of New York-based Newmont Mining, recently sold its 34% stake in Sherritt Gordon Mines (TSE) for approximately $40.8 million(US). Sprott Securiti…

In an annual meeting speech, delivered with all the gusto of a southern baptist preacher’s Sunday morning sermon, American Barrick Resources (TSE) Chairman Peter Munk promised recently not to digress …

Mohave Gold Inc. (ASE) has announced it will begin three programs, recommended by MineStart Management Inc., to run concurrently on its Pilgrim mine project, 21 miles northwest of Kingman, Mohave Cty….

Assay results (N.M., April 25/88) from drilling in northern New Brunswick should have read as follows: Granges Exploration (TSE), Middle River property, values to 0.225 oz gold per ton over 9 ft; Cari…

A gold discovery in northern Chile has been described by the president of Lac Minerals (TSE), Peter Allen, as “highly significant for the company.” The discovery was made on Lac’s 85%-owned Apolinario…

The decision to go ahead with the Marigold gold project in central Nevada will bring Rayrock Yellowknife Resources’ (TSE) net gold production to around 50,000 oz a year, the annual meeting was told. T…

Seven drill holes put down on the Gaffney property of the San Paulo Explorations’ (ASE)/Teck Corp. (TSE) joint venture at Lower Manitou Lake near Dryden in northwestern Ontario has increased that depo…

From long experience of the breed, we tend to think mining people are more in touch with reality than, say, bankers, computer specialists, insurance salesmen, and others of that ilk. In fact, almost a…

Things are looking up for Canada Tungsten Mining Corp. (TSE), it says. Not only is the company re- opening its ammonium paratungstate (APT) plant at Fort Madison, Iowa, but President Wayne Lenton told…

Denying a charge by Zenmac Zinc (ASE) that it acted in bad faith in developing the Winston Lake polymetallic deposit in northern Ontario, Minnova Inc. (TSE) has launched a counterclaim in the Supreme …