New report and map on deep sea deposits
A report and map providing comprehensive coverage of the nature and distribution of recently formed metallic mineral deposits on the deep seabed have been released by the Geological Survey of Canada. …
News
Pegasus retreats from Nevada bet
Pegasus Gold, which pioneered many aspects of heap leaching in the United States, has decided not to participate in the Zaca gold property of Cali fornia Gold Mines. The pullout appears to be a major …
Theresa zone yields results for Duration and Locator
Underground sampling at the Theresa gold property has yielded encouraging results, equal partners Duration Mines and Locator Ex plorations say. Located near Long lac, Ont., the Theresa mine’s undergro…
Hemlo Gold lives up to early billing
When the initial public offering of Hemlo Gold Mines was subscribed for last February, the company was expected to be a steady money maker. With 87.3 million shares outstanding, Hemlo had the largest …
ME listing for Jilbey
Recently listed on the Montreal Exchange was Jilbey Industries, a junior exploration company incorporated in British Columbia in 1983 with head office in North Bay, Ont. Jilbey (symbol jlb) is activel…
Investment Comment ERG issue a bargain, analyst says
While ERG Resources is preparing to test its brand-new Timmins, Ont., tailings project, the company’s annual meeting in Montreal was obviously not at the top of anyone’s social calendar. An uneventful…
Stockgold halts work on Stock Twp. prospect
On the advice of a consultant, Toronto-based Stockgold Resources has elected not to pursue an option on the Stock Twp. gold property near Timmins, Ont. Under a previous agreement, Stockgold was attemp…
Dee syndicate drilling deep
Rayrock Resources, one of the early birds in what has since developed into a major gold play in Nevada — and certainly one of the pioneers in the heap leaching that is changing the whole economics of…
Goldstake raises funds for Homestake tailings
At current gold prices tailings deposits near the Homestake mine in South Dakota are beginning to look very attractive to Goldstake Explorations, a coats listing in Toronto. Apparently a lot of intern…
Queries How the industry defines ore reserves
When mining companies are calculating their ore reserves before going into production I notice from reading The Northern Miner that reserves are determined in terms of possible, probable and proven or…
Delbridge drilling delayed
The stripping of an area located 2,000 ft southwest of the DeSantis shaft, by Delbridge Mines, has exposed several quartz veins carrying massive sulphides. The DeSan tis property is located near Timmi…
Assay results could seal major Hecla/Acadia deal
It seems very unlikely that Hecla Mining, of Coeur d’Alene, Idaho, will refuse to take Acadia Mineral Ventures up on its offer to allow Hecla’s Canadian subsidiary to earn a 60% interest in the Moosel…