Saskatchewan says yes to Mahogany/Royex venture
The Saskatchewan government has given final approval to the Jolu gold project paving the way for the property to start producing gold before the end of 1988. The project, a joint of Mahogany Minerals …
News
Nevada Goldfields shows net profit
For the quarter ending March 5, Nevada Goldfields (TSE) reports net profits of $329,897 on sales of $3,869,873. The company sold 8,441 oz gold and 17,581 oz silver from its Aurora and Kingston mines i…
Queenston/Barrick get good results at Pandora bet
Partners American Barrick Resources (TSE) and Queenston Gold Mines (TSE) have received more encouraging drill results at the Pandora mine property at Cadillac Twp., Barrick said recently. Barrick says…
La Fosse drilling Blue Lake project
Diamond drilling began recently at the southeast section of La Fosse Platinum’s (TSE) Blue Lake sulphide deposit north of Schefferville, Que., The Northern Miner has learned. So far, the company has p…
Investment Comment Bootleg project makes Vista a buy
When Vista International Petroleums created a precious metals exploration wing in 1986 to take advantage of rising gold prices, the new entity was able to give itself a head start At a price of $612,0…
Esperanza sets October start for Tillicum mine
There is a busy 6-month period ahead for those involved with Esperanza Explorations’ (VSE) Tillicum Mountain gold project located near Burton, B.C. Start-up of a 100-ton-per-day mill is slated for Oct…
Editorial Making use of the land
It’s not likely that conflicts over land-use policy will ever be resolved. The debate about how strict regulations should be governing extraction of natural resources on public land will always be in …
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…
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…