Underground drilling by partners Teck Corp. and Tundra Gold Mines on property near the closed Lamaque mine at Val d’Or, Que., has intersected several strongly mineralized sections. Hole 13804, drilled…
Espousing a philosophy of flexible strategy, Peter Steen, president and chief executive officer of Royex Gold Mining Corp. explained that Royex has become the flagship of an emerging mining group, anc…
Mining companies often complain that acquisition costs for mature gold properties are simply too high. But not all companies have the financial clout of acquisition-hungry Hemlo Gold Mines which has a…
An underground exploration program is to begin shortly on the 38 New Pascalis Mines claims located 26 km east of Val d’Or, Que., project operator Cambior Inc. reports. The program, scheduled over 12 m…
With several promising situations in the works, Heenan Senlac Resources is gearing for an active season, shareholders were told at the annual meeting this week. “We feel quite hopeful”, President Geor…
Despite the apparent lack of shareholder interest in the activities of Place Resources, chairman Michael Butler expects 1987 to be a banner year for the Toronto company. Only six shareholders attended…
Mighty oaks from little acorns grow. Very broadly, that well-known phrase sums up the importance to the Canadian mining industry of its junior mining sector — that large group of small companies that…
Alberta-listed Orex Resources has raised $310,000 in a rights offering and intends to raise $1 million more in an exchange offering this month. The money will be used to finance work on three interest…
With eight holes already drilled on a platinum-palladium property in Brazil, Consolidated TVX Mining Corp. says a further 28-hole program is under way on the property, with results expected shortly. T…
June 9 June 8 June 5 June 4 June 3 Gold London Bullion Dealers afternoon (morning) $US per oz. 452.65(452.05) 456.55(454.40) 453.50(454.70) 452.75(450.25) 453.00(453.35) Gold Bank of Nova Scotia, …
Several hundred people recently witnessed an historic event in Nova Scotia’s mining industry, the return to gold production after 40 years. The last significant commercial production in the province w…
An average cost of $120(US) per oz of gold produced is not good enough for Hemlo Gold Mines. The company, a subsidiary of Noranda Inc., believes it can drop that cost to $110 or lower. During the firs…
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