Asamera makes significant find at Cannon mine
A significant new gold discovery has been made by Asamera Minerals at its Cannon mine property near Wenatchee, Wash. Word of the find comes fresh on the heels of a takeover offer for Asamera Inc. by G…
News
Toronto Stock Exchange Rally halted, period of base building sets
A rally which moved the tse composite index to a post-Oct 19 high of more than 3,300 pts has stalled. During the past week, small advances offset by losses were the norm, suggesting a period of direct…
Bighorn begins bulk sampling at 25tpd Island Lake mill
A 25-ton-per- day pilot mill has started bulk sampling at Bighorn Development’s and Wydmar Development’s Island Lake gold project in northern Manitoba. The mill is processing a 3,000-ton bulk sample, …
Lac omits stats on Williams mine
Shareholders of Lac Minerals are sure to be pleased by the company’s 1987 earnings of $38.7 million. But when those same shareholders gather April 14 for the company’s annual meeting, there is bound t…
Three-day course
A course on the design of natural support for underground mining excavations will be given May 12-24, in French, at the University of Quebec in Abitibi-Temiscaming, located at Noranda, Que. The 3-day …
News in Brief (March 21, 1988)
Mill City Gold has started a surface exploration program on a 68-claim gold property adjacent to its McMillan gold mine prospect 57 miles west of Sudbury, Ont. The company can earn a 58% interest in t…
Tusk Minerals to start drilling in the Wawa area of Ontario
Tusk Minerals reports that a diamond drilling program, involving approximately 2,200 ft of drilling will commence as soon as possible on its Old Cabin gold prospect northeast of Wawa in Jacobsen Twp.,…
Magnacon makes second mine for growing Muscocho group
The Mishibishu Lake joint venture plans to spend $29 million during the next year to develop and put into production a 600-ton-per- day gold mine and mill operation on the Magnacon property about 32 m…
Alberta Stock Exchange Penway loses ground
While big traders like Argus Resources and Penway Explorations lost ground this week, Calgary- based Gold Vessel added an impressive 50 cents to its share price. Gold Vessel, which closed at $1.70, r…
B&B proposes new mine in southern California
A new gold operation, the open pit, heap leach Castle Mountain project, is being proposed in southern California by B & B Mining of Vancouver, B.C. According to a plan of operations filed with the U.S…
Timmins Report Positive results on Puissance
The contribution of flow- through funding for junior exploration programs is still being felt in the Timmins area. One of the more interesting projects is known as the Puissance project of Orcana Reso…
Results in Manitoba encourage Golden Range
A $3-million exploration program at the Hudvam polymetallic property in Manitoba is producing some encouraging results for Toronto- based Golden Range Resources. Located 30 miles northeast of Flin Flo…