News

The last word to The Northern Miner from the Sachigo River Exploration propert y is that drifting on the second level has gone 110 ft, running 2.64 oz, across an average width of two feet. The ore is …

Anticipating an active year, Dolphin Explorations has budgeted approximately $4 million for exploration work on several gold properties, the most advanced of which is the Cape Ray in Newfoundland. Exp…

Falcondo’s power plant serves an obvious utility function, but it may also be seen as a hidden asset with a considerable value. Not only does it generate a prof it; its replacement value could well of…

Supply and demand. They go together like toast and jam, like Wayne and Shuster, like assets and liabilities. Together they form a classical type of economic balance without which economists would be u…

I am a relatively new subscriber to The Northern Miner and I follow it with a fine-toothed comb, so to speak. I run more than 600 charts and mark in short coded form significant news on the companies….

Drilling resumed at Energex Minerals’ Al property in the Toodoggone area of B.C. on June 17. The program has been expanded to include 25,000 ft of drilling which will be directed at the property’s lar…

Encouraging drill results continue to come from Card Lake Resources gold property in the Harker-Holloway area north of Kirkland Lake, Ont. The issue, which was steady at $1.50, reported gold values fr…

July 28 July 27 July 24 July 23 July 22 Gold London Bullion Dealers afternoon (morning) $US per oz. 456.15(454.20) 453.15(453.10) 453.30(454.00) 453.95(454.75) 454.90(454.45) Gold Bank of Nova Scoti…

Positive results have been returned from an underground diamond drilling program on the Fawn vein at Gunsteel Resources’ Nugget property near Salmo, B.C. According to Stan A. Endersby, president, the …

Despite today’s low prices, reflecting a persistent oversupply, the copper indus try remains active in Chile. Since the country possesses more than 25% of the world’s copper, it is not surprising that…

After promising to turn a profit during the latter three quarters of 1987, Falconbridge Ltd. has begun to deliver. The company recently reported a $2.5-million profit in the second quarter of 1987, be…

Geological ore reserves on the Carbonate Hill property in Colorado, in the Cripple Creek mining district, have been calculated to be 14 million tons grading 0.031 oz gold per ton, Levon Resources repo…