News


Canamax plans exploration program

A $500,000 exploration program is slated for the Kremzar gold proper ty, operated by Canamax Resources. Joint venture partner Kremzar Gold Mines says it will participate on a 50/50 basis. The property…


Shannon Energy/Preussag explore Watson Lake bet

Calgary-based Shannon Energy has entered into a $1.5-million explora tion agreement with Preussag Canada on two groups of mining claims located at Watson Lake in the Matagami mining camp of Quebec. Pr…


High grade hole by Manson Creek

Another high-grading drill section has been pulled by partners Manso n Creek Resources and Golden Rule Resources from their Mets gold property in the Toodoggone area of British Columbia. The hole cut …


Underground drilling set soon for Goldpost

Goldpost Resources says it has completed the portal for a decline on its Hislop Twp. property, about 45 miles east of Timmins, and has let a contract for the first phase of the decline, for 1,200 ft. …



Obituary Carl Bischoff

Well-known mining consultant Carl Bischoff has died in North Bay, On t., at the age of 75. Born in Rome, N.Y. in 1911, Mr Bischoff was for several years employed as the chief engineer for Noranda Mine…


Hole substantiates Storimin discovery

Recent drilling by Storimin Exploration has confirmed a previously reported gold discovery in Moss Twp., about 70 miles west of Thunder Bay, Ont. (N.M., Aug 25/ 86). Latest drilling results include re…


Toronto to be venue of CIM annual meet

The Canadian Institute of Mining and Metallurgy moves to Toronto nex t year for its 89th annual general meeting. It will be the first in Toronto since 1980. The meeting, which will have for its theme …


Underground work started by Northern Dynasty

The first of two underground phases has commenced at Northern Dynas ty Explorations’ Little Bald Mountain mine in Nevada. The 300-ft decline will access a 50,000-ton ore block and production will be s…


Bull market beginnings 6 reasons why gold could soar

If you could buy gold today at the lowest price its been in 12 years , chances are you’d jump at the chance. Charles Huelsman of Paulson Investment Co. of Portland, Ore., who puts out an investment ne…


Noranda’s reorganization may lead to Hemlo company

When some 225 Noranda Minerals staff pack up in November and move fr om their parent company’s head office to their own headquarters across the street, the special relationship between the Noranda emp…


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