News

Another gold property in Halifax Cty., N.S. will likely start pouring gold at a commercial rate July 1, 1988. Toronto-listed Coxheath Gold Holdings announced at its annual meeting in Halifax this week…

Australian mining company Ashton Operations Inc., an affiliate of Ashton Mining Ltd., has acquired an option to earn an interest in claims held by Freewest Resources. Ashton can earn a 65% interest in…

The significance of gold in the reserves held by central banks is often overlooked. This may be because these gold bullion holdings are often included in official statistics at artificially low valuat…

The Tillicum Mountain gold property of Esperanza Explorations should see production early in 1989. The property is near Burton in southeastern British Columbia. The project, to cost an estimated $5 mi…

An additional 909,100 shares of Wharf Resources have been purchased by Dickenson Mines of Toronto, boosting the latter’s holding in the former to about 5.7 million shares, or 32.8% Dickenson, which re…

A joint venture agreement between Chutine Resources and Ateba Mines gives the latter the right to earn a 50% interest in Chutine’s Stover gold- silver property near Missanabie, Ont. Abeta must spend $…

Exploration work has resumed at Newhawk Gold Mines’ Sulphurets project north of Stewart, B.C. The company has a 60% interest in the property and Granduc Mines 40% Newhawk President Donald A. McLeod ex…

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…

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 …

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…

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…

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…