News

Despite a drop in international oil prices which reduced the company’s revenues from $589,745 or 20 cents per share in 1985, to $215,598 or 7 cents per share during fiscal 1986, McChip Resources plan…

Production this year from the three open pit gold mines in Nevada operated by Rayrock Yellowknife Resources could decline slightly from last year, President David Crombie said following the annual mee…

An agreement to explore and purchase a mining concession 8 sq km in size in the Juntas area of Costa Rica has been entered into by Nor-Quest Resources. Under the direction of Tim Coates, the company’s…

The production of copper concentrate at the Allenby plant of Granby Consolidated Mining, Smelting and Power Co. was resumed last week after several years of idleness. The first ore train started from …

A new gold find has been made by Flavrian Lake Gold Mines in Duprat township, Que., The Northern Miner is informed. First character samples of well mineralized rhyolite assayed $7.35 and $11.55 per to…

Fifty-two survey and exploratory parties will be placed in the field this year by the Mines and Geology Branch of the Department of Mines and Resources, Ottawa. Fifty-one of these will be engaged in g…

It should be a great party when Timmins, Ont. — the city with a heart of gold — celebrates its 75th anniversary this summer. We wonder, though, how many participants will be prepared to get up Sunda…

Vehicle Systems Corp. (Bothell, Wash.) is marketing an on-board monitoring system for off-highway trucks. Designed to reduce maintenance costs, the system consists of an in-the- cab display box, a sma…

I have been a shareholder of O’Brien Energy and Resources for a good many years. I have followed its progress through news stories with interest and optimisim. Your reviews have generally been support…

Thirty drill holes, totalling 27,353 ft have been drilled on the main gold zone of Raymor Resources’ property in Amos, Que. Drill results are not all available yet but indications are the zone carries…

May 26 May 25 May 22 May 21 May 20 ** ** Gold London Bullion Dealers afternoon (morning) $US per oz. ** 449.00(459.65) N/A 466.50(473.60) 469.10(468.60) 475.25(479.95) ** Gold Ba…

Mines in Ontario are subject to three separate levels of taxation: federal income tax, Ontario income tax and Ontario mining tax. The Ontario Mining Tax Act imposes a 20% tax on taxable mining profits…