More high grade at Newhawk Gold
Several more high grade drill intersections have been reported from Newhawk Gold Mines’ (VSE) Sulphurets property north of Stewart, B.C. Sectional drilling was recently completed on eight new sections…
News
Euro-Nevada Mining approves placement
The directors of Euro-Nevada Mining (TSE) have approved an $8- million(US) placement of 6 1/2% exchangeable debentures of its wholly- owned subsidiary, Euro-Nevada Mining Corp. Inc. to European invest…
High metal prices boost Rio Algom financial resultsd
After reporting record earnings of $93.1 million in 1987, Rio Algom (TSE) is coming off what can only be described as a banner year. And, with first quarter net earnings of $26.4 million (60 cents per…
Royex, Glen Auden in Peltrie deal
Toronto-based Glen Auden Resources, Golden Dragon Resources and Mineta Resources says they have entered an agreement allowing Royex Gold Mining to earn a 50% interest at the Massicotte and La Peltrie …
Bongard helps Black Cliff buy 38% of own shares
Toronto-based Black Cliff Mines (TSE) and Toronto financier C. S. Bongard have signed an agreement to purchase all the outstanding Black Cliff shares currently held by Canhorn Mining (TSE) and Great H…
50,000 oz gold a year is new Queenston target
A minimum production target of 50,000 oz gold a year has been set by Queenston Gold Mines (TSE), for about the fall of 1990, when the company reaches its 50th birthday, shareholders were told at the c…
Glimmer optimistic at Barnet Twp. bet
Thirteen diamond drill holes at the 132-claim gold property of Glimmer Resources (VSE) in northeastern Ontario have yet to uncover any great tonnage, but there is plenty of area left to explore, share…
Timmins to host 2-day symposium on heap leaching
A technical symposium on heap leaching of gold, with special emphasis on applications in Canada, will be held May 24-26 at the Senator Hotel in Timmins, Ont. Organized by the Resource Technology Centr…
Core Shack COURAGEOUS LAKE GOLD
The Tundra deposit, in the Courageous Lake area of the Northwest Territories, has undiluted possible reserves of 26.4 million tons grading 0.18 oz gold per ton and is owned by both the project operato…
Record Mint year
Sales of the Maple Leaf gold coin in 1987 totalled more than 1.4 million oz, or 40% of all gold mined in Canada last year, the Royal Canadian Mint reports. The Mint says the Maple Leaf coin, on a worl…
FROM THE CENTRE LICENSING
Beyond internal technology transfer, opportunities abound for mining companies to licence or sell their operating improvements to other mining companies or suppliers. For example, a friction washer de…
Hemlo buys into Windarra for Mishibishu-area play
Under two separate agreements Hemlo Gold Mines (TSE) has agreed to finance Windarra Minerals’ (VSE) participation in a major new gold project (N.M., March 21/88) near Wawa, Ont. Ultimately the pact co…