TVX reaps rich rewards from projects in Brazil
It was incorporated to take advantage of opportunities in Brazil’s burgeoning gold industry and as Consolidated TVX Mining enters its third year of activity, the Toronto-based company is achieving wha…
News
Nuinsco announces flow through deal
To finance exploration costs on a number of properties, Toronto- based Nuinsco Resources has reached a flow-through share financing agreement with Echo Bay Mines. Under the agreement Nuinsco will sell…
Carson Hill bet about to pay off for Grandview
Patience is about to pay off for Vancouver-based Grandview Resources. The company, which poured its first dore bar last December from its Carson Hill heap-leach operation in the Mother Lode area of Ca…
Amalgamation may lead to 100,000 oz per year
The proposed amalgamation of Esperanza Explorations and Black Swan Gold Mines could result in 100,000 oz of gold production for the two companies by late 1988. According to Esperanza President John S….
Test program completed on City’s Cinola deposit
Bench-scale metallurgical test work on various ore types from City Resources’ Cinola gold deposit in the Queen Charlotte Islands yielded a recovery rate greater than 90, says the company. The test pro…
Morono studies core samples
Preliminary results have been obtained by Morono Mines from 37 holes drilled over three gold- bearing zones on the Verneuil Twp. property located northeast of Senneterre in northern Quebec. The compan…
Silver rallies will be shortlived
Silver may struggle to hold $8(US) per oz for much of the summer before an improvement during and after the autumn, with the price for 1987 realistically averaging $7.50, Shearson Lehman Brothers repo…
Real turnaround for Canreos under Belmoral Mines’ wing
There has been quite a turnaround in the affairs of Canreos Minerals. Under strong new management that has moved this company from the brink of insolvency into a healthy financial position, it is now…
Transfer okayed between Canacord and subsidiary
A deal between Canacord Resources and a wholly-owned subsidiary, Exador Resources, will see Canacord transfer its rights under several property agreements to Exador in return for common shares and war…
Letters to the Editor Protest federal move
We have recently been informed that the federal department of Energy, Mines and Resources is planning to disband Peter Hood’s magnetic survey research group. As a company engaged in mineral exploratio…
BIG IS BEAUTIFUL
Gold miners in the nation’s biggest gold camp might be mining some pretty lean ore over the next 2-3 years. Instead of mining ore that averages no less than 0.065 oz gold per ton, as they do today, mi…
HORIZONS The Metalore gold discovery
Metalore Resources’ Gold Discovery, formerly known as the Brookbank occurrence, is in northern Ontario on an all-weather road about eight miles northeast of the town of Beardmore. Mineralization occur…