News


Petroleum Society

Theme of the 38th annual technical meeting of the Petroleum Society of sim (Canadian Institute of Mining and Metallurgy), planned for June 7-10 at Calgary, Alta., is “Innovation and Optimization — Ev…


Balcor drilling Manitoba claims

Some encouraging drill results have been reported from Balcor Resources’ Lasthope property, 15 miles southeast of Lynn Lake, Man. The latest results included 8.5 ft of 0.307 oz gold per ton and 9.3 ft…


Editorial China co-operation could backfire?

There could be both good news and bad news in a new federal initiative to strengthen the links between this country and the People’s Republic of China, in the mining sector. Minister of State for Mi…


Muscocho, Flanagan deal with Greenstone Resources

Two Toronto-based mining companies, Muscocho Explorations and Flanagan McAdam Resources, have entered into an agreement with Greenstone Resources whereby they may jointly acquire up to a 50% interest …



Drilling program set for property

Exploration of the Bellavista, Costa Rica, gold property in the Caribbean, a joint-venture project, has revealed to date reserves of 4.1 million tons grading 0.12 oz per ton. The joint-venture compani…



Editorial Oh for more “One-Share Sweeneys”

With annual meeting time once again rolling around, our editorial staff will be called upon to attend several hundred. All too many, we fear, will prove routine and boring, with little more than a han…


Canadians find gold on Aruba (See Box)

Gold mining in Canada was never, ever like this — on a beautiful island with nearby clean white sand beaches stretching for miles and washed by warm, crystal clear aqua-blue water. About 20 miles lon…


Gold fever continues

Everybody’s favorite metal, gold, continues to seek new levels, with the price soaring this past week to the $440-$450(US) per oz range. With a weakened American dollar and the announcement of a highe…



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