Interquest results
Interquest Resources has received encouraging results from drilling on the Follansbee Red Lake property near Red Lake, Ont. The project is being funded by Red Lake and Sun Valley Resources which can e…
News
Muscocho results at Magnacon bet show good values
Unusually strong widths plus elevated gold values have been en countered in exploratory drifting and slashing in the South zone on the first level at the Magnacon gold project in the Mishibishu Lake a…
Imperial Metals paves way for shaft at Parys Mtn.
Engineering studies and permit approvals are in place for sinking a 1,500-ft shaft at Imperial Metals’ Parys Mountain base metals property in North Wales. The phase one shaft sinking program, which in…
Cominco has four new mines and expects others in 1988
Veteran producer Cominco Ltd. marked its first year under new management by dramatically reversing a profit slide, reducing debt by half and planning four new mines. As reported earlier, earnings shot…
Editorial Gold hoard mocks poverty
It’s ironic that India, where literally millions of people live in conditions of abject poverty, has what is believed to be one of the largest gold hoards in the world. India itself actually produce…
Nuspar expectations high for even junior company
Junior mining companies sometimes have high expectations and Vancouver-based Nuspar Resources is certainly no exception. The company says it has signed an agreement with “a major international gold bu…
Sun River drilling Arizona prospect
A 10,000-ft drilling program is under way at Sun River Gold’s United Western Mine property near Oatman, Ariz. The drilling is designed to increase current reserves of 225,662 tons grading 0.263 oz gol…
Flow-Through Committee garners support in Vancouver
The Canadian Save Flow-Through Committee rolled into town last week to garner public support for the retention of flow-through financing. Turnout at the symposium was light and probably reflected the …
Autumn testing date set for Goldex bulk sample
A bulk sample of 45,000 tons of stockpiled development muck from the Dubuisson Twp. gold property in northwestern Quebec will be tested this fall by Goldex Mines of Toronto. President Paul Penna told …
Seadrift drill results
Drilling by Seadrift International Exploration continues to intersect sulphide mineralization in the No 8 deposit. The project, known as the Aldermac, is located near Noranda, Que. Hole 5 intersected …
News in Brief (April 04, 1988)
Runaway Resources has changed its name to Revere Resources Ltd. (rvl:vse) on a share-for-share basis.
Kiena, Sigma unite into Placer’s Quebec branch
It’s taken almost a year to put in place, but Placer Dome subsidiaries Kiena Gold Mines, and Sigma Mines (Quebec) are to be amalgamated to form a major Quebec mining division of the parent company. Pl…