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…
A total of $148,500 to provide working capital by issuance of shares and share purchase warrants under an exempt private offering has been raised by Holmer Gold Mines. In other news, Holmer expects to…
High gold values are being encountered in the initial raise being developed at the Mishibishu Lake joint venture in northern Ontario, John McAdam, president of Flanagan McAdam Resources, reports. Flan…
They aren’t popping the champagne corks just yet, but executives at Tandem Resources remain quietly optimistic that the company is sitting on top of a major gold discovery. After more than 12 months o…
With the legal problems hampering work at the Golden Reward gold project in South Dakota, resolved, partners Coin Lake Gold Mines and Moruya Gold Mines, plan to bring the property to production. The f…
Brohm Resources has acquired 3.9 million shares of MFC Mining Finance Corp. from Kerr Addison Mines and Ventures Trident Limited Partnership at a cost of $28,710. Brohm is now the majority shareholde…
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