Alberta Stock Exchange Baslen leads again
For the third week in succession, investors placed their bets on International Baslen Enterprises’ 3,000- acre gold property in the heart of Val d’Or Que. With established reserves in place and explor…
News
Gold reserves double since ’81
Canadian gold reserves — the gold content of proven and probable ore in all operating mines and deposits committed for production — have doubled since 1981 according to Energy, Mines and Resources, …
Vancouver Stock Exchange Greenwood sale boosts Rimacan
With gold prices marginally weaker, the Vancouver market has softened somewhat and at presstime was off 2.3 points to 1097.5. This is typically a slow period in Vancouver and reflects the seasonal nat…
Gunsteel reserves up
Ongoing underground exploration is boosting reserves at Gunsteel Resources’ (VSE) Nugget property near Salmo, B.C. Latest calculations show a total of 223,700 tons of ore grading 0.331 oz gold per ton…
Quebec delays new mining law
A new Mining Act in Quebec which was scheduled to come into force April 1 will not be promulgated until the first of September, George Cockburn, director of mining titles with the mining division of t…
New Corona combines companies of Royex group
Canada’s newest major mining company, Corona Corp., is an amalgamation of five Royex-Corona firms whose total estimated gold output this year and in 1989 will put it among the top three gold producers…
La Sarre, Terre deal
An agreement has been made between La Sarre Mining (ME) and Terre D’Or whereby the former may acquire a 90% interest in the former Rochette property in Launay Twp. in northwestern Quebec by spending $…
Denison plans extensive test of Creede, Colorado property
A deep drilling program is planned on Sutton Resources’ (VSE) Creede, Colo., silver prospect following an option agreement with Denison Mines (TSE). Denison has an option to earn a 55% interest in the…
Overcomss problems Gags gts gold from Crofoot
Viewing the finished product is always the highlight of any new mining operation whether it be base or precious metals. And it wasn’t any different for the “official” gold pour at Hycroft Resources & …
Cominco Resources forecasts 100,000 oz gold production
Intent on becoming a major gold producer in the near future, Cominco Resources International (TSE) has established a “realistic” production goal of 100,000 oz within a few years. Addressing the compan…
Essay contest to be part of mining symposium
A 2-day international symposium on mine planning and equipment selection will be held Nov 3-4 in Calgary, Alta. The event is being organized by the surface mining laboratory at Devon, Alta., of the Ca…
Latest Northair drilling at Willa extends zones
Assays from a recent 16,320-ft underground drill program completed at Northair Mines’ (VSE) Willa property in southeastern British Columbia show two extensions to the West zone. Consistently good resu…