Golden Pond ruling
Golden Pond Resources is the victor in an arbitration ruling which ruled in the company’s favor following a dispute with A-Pri-Or Mining. The latter company claims that Golden Pond had lost its rights…
News
Rayrock, Discovery swap oil, gas for mining assets
The boards of directors of Toronto-based Rayrock Yellowknife Resources and Discovery West Corp. have agreed to a major rationalization of the mining and oil and gas assets of both companies. Under the…
Tamavack drilling gets promising gold values
Joint venture partners Tamavack Resources and International Maple Leaf continue to report encouraging drill results at their Fountain lake property in Moss Lake Twp., northwestern Ontario. A total of …
Canadian pair funds huge Montana deposit
There are a number of remarkable aspects of the Noxon silver- copper project in Montana where two junior Canadian companies, Jascan Resources and Atlantic Goldfields, are funding work to bring the pro…
Pine Point profits climb as mine closure imminent
Ending a successful mining operation on a high note, Pine Point Mines reported net profits for 1987 of $28.3 million, or $6.11 per share. This compares with 1986 earnings of $2 million or 45 cents per…
Famous forecasts — what happened?
The strong desire of metal consumers for price stability in the markets has had its effect on forecasts, public opinion and politics in the Western world since 1950. At that time, the U.S. Paley Commi…
Jascan clicks at Dufferin, options Gold Lk to Acadia
Assay results from a 44-hole program completed last November on the former-producing Dufferin gold mine property near Port Dufferin, N.S., have been received by 50-50 joint venture partners Novamin In…
Newmont claims richest hole ever
A 1,040-ft drill intersection from Newmont Gold’s Post deposit near Elko, Nev., may be a candidate for the Guinness Book of World Records. Weighing in at 0.495 oz per ton, including 470 ft at 0.93 oz …
Editorial Mining leads the way
Many see mining as part of Canada’s past, an anachronism that has no place among the high-tech and service industries of Canada in the twentieth century. The truth is, however, that mining is a lead…
Letters to the Editor Mascot’s open pit ore grade seems low
The Northern Miner states that Mascot’s Nickel Plate open pit produced 24,000 oz of gold to the end of September, 1987, from 317,000 tons milled (N.M., Jan 25/88). Assuming 87% recovery, this gives an…
Nevada Goldfields profits boosted by new mine
Gold production from Nevada Goldfields’ Kingston mine near Reno, Nev., helped boost profits for the first half of fiscal 1988 to $1,968,844 on sales of $9,480,328. The company sold 20,787 oz gold and …
Noranda pulls out from Andaurex joint venture
Following a decision by Noranda Exploration not to exercise an option on the L.H. gold property near Silverton, B.C., Andaurex Resources of Toronto says it will retain a 100% interest in the property….