Seadrift encounters more mineralization
Vancouver-based Seadrift International Exploration reports encountering 188 ft of disseminated and massive sulphide mineralization in hole DDH 88-4, from 844 ft to 1,032 ft, at its wholly-owned Alderm…
News
Breakwater has increased earnings
Breakwater Resources reported earnings of $4.2 million or 19 cents per share for the year ended Dec 31. This compares to earnings of $925,000 or 5 cents per share in 1986. “The substantial increase …
More gold found at Golden Terrace bet
Following some encouraging results at Golden Terrace’s Richardson Lake gold project northeast of Red Lake, Ont., the Toronto company is seeking a partner to finance the project to production. During a…
Theresa bulk sampling by Duration, Locator
A bulk sampling program is scheduled to begin this month on the Theresa mine property, Duration Mines says. Affiliate company Locator Explorations is an equal partner in the property. Located south of…
Mazarin, Dufresnoy are encouraged by first results
Encouraging first results have been released by Mazarin Inc. following drilling at the Inmont gold-copper property located 12 miles northwest of Rouyn-Noranda, Que. Mazarin, the operator, and sister c…
Buoyed by record result, Newmont earnings go up
With five operating gold mines and 15 million oz in proven ore reserves, New York-based Newmont Gold is moving rapidly toward the number one spot in North America’s gold production leagues. The 95%-ow…
Dynamic plans to revive Black Hawk
For the second time in just over a year, a group of Toronto investors has promised to reactivate Black Hawk Mining and inject some new capital into the Toronto-listed shell company. Dynamic Capital Co…
GCSA to contest Equity vote
CSA Management Ltd. plans to contest the outcome of a close vote at a special meeting of limited partners of Equity Preservation Corp. and Equity Reserve Corp., two closed-end flow-through funds. The …
Minnova continues to focus on gold in Quebec, Ontario and B.C.
Minnova’s exploration activity in 1987 continued to focus on polymetallic massive sulphide base and precious metal mineralization in selected paleo volcanic environments in Quebec, Ontario and British…
RCJ Resources expands Sakoose mineralized zone
Drilling by RCJ Resources has extended the known dimensions of the Sakoose gold zone. Located in northwestern Ontario, the Sakoose mine was a former producer which yielded 3,669 oz of gold from ore gr…
N.A. Metals fights Homestake
Life in the North American goldfish bowl is becoming much more exciting for publicly-traded companies with gold reserves and production potential. Indeed, the predatory fish themselves are being pursu…
Ottawa offers to soothe depletion blues
The federal government isn’t budging on its commitment to phasing out the earned depletion portion of flow-through shares, Energy, Mines and Resources Minister Marcel Masse has announced. But he says …