Engineering studies and permit approvals are in place for sinking a 1,500-ft shaft at Imperial Metals’ Parys Mountain base metals property in North Wales. The phase one shaft sinking program, which in…
Veteran producer Cominco Ltd. marked its first year under new management by dramatically reversing a profit slide, reducing debt by half and planning four new mines. As reported earlier, earnings shot…
It’s ironic that India, where literally millions of people live in conditions of abject poverty, has what is believed to be one of the largest gold hoards in the world. India itself actually produce…
Junior mining companies sometimes have high expectations and Vancouver-based Nuspar Resources is certainly no exception. The company says it has signed an agreement with “a major international gold bu…
A 10,000-ft drilling program is under way at Sun River Gold’s United Western Mine property near Oatman, Ariz. The drilling is designed to increase current reserves of 225,662 tons grading 0.263 oz gol…
The Canadian Save Flow-Through Committee rolled into town last week to garner public support for the retention of flow-through financing. Turnout at the symposium was light and probably reflected the …
A bulk sample of 45,000 tons of stockpiled development muck from the Dubuisson Twp. gold property in northwestern Quebec will be tested this fall by Goldex Mines of Toronto. President Paul Penna told …
Drilling by Seadrift International Exploration continues to intersect sulphide mineralization in the No 8 deposit. The project, known as the Aldermac, is located near Noranda, Que. Hole 5 intersected …
Runaway Resources has changed its name to Revere Resources Ltd. (rvl:vse) on a share-for-share basis.
It’s taken almost a year to put in place, but Placer Dome subsidiaries Kiena Gold Mines, and Sigma Mines (Quebec) are to be amalgamated to form a major Quebec mining division of the parent company. Pl…
Negotiations are in progress to form an international consortium charged with the task of building a $200-million uranium mine in Canada’s Arctic. Headed by Urangesellschaft Canada Ltd., (UG), an affi…
A former vice-president of the Toronto Stock Exchange (TSE), Huntly W. F. McKay, died recently. Born at Hemmingford, Que., McKay, 64, joined the TSE in 1963. He was vice-president markets and market d…
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