Aunore drills Elder
Additional surface diamond drilling is being performed by Aunore Resources and partner Nova Beaucage Mines on their joint ventured Elder mine property near Rouyn, Que. The work is designed to test f…
News
Teck/Tundra considering underground exploration
The first underground drill hole, completed from the 1,800-ft level of the shutdown Lamaque gold mine near Val d’Or, Que., has intersected encouraging gold mineralization, partners Teck Corp. and Tund…
State-of-the-art technology exchanged at open pit meet
Some 200 open pit mine engineers and operators met in Calgary, Nov 6 and 7, to exchange information and ideas with geotechnical consultants and university professors on the economic and safe design of…
Bachelor Lake improves grade
Above-average grades are being cited as the main reason behind the improved gold production at the Bachelor Lake Gold Mines property near Demaraisville, Que. For the third quarter ended Sept 30, the m…
Letters to the Editor Raise red alarm flag
We read with interest the continuing debate by the Ontario Securities Commission and the Thompson Committee regarding the commissions paid on financings raised by the “broker-dealers.” Disregarding th…
Editorial Don’t move the OGS
The following is extracted from a letter from Professor C. Jay Hodgson, professor of mineral deposits geology, Queen’s University, Kingston, to Premier David Peterson, acting minister, Ontario ministr…
Letters to the Editor Golden Giant
I am disappointed that, in the Dec 8 issue of your newspaper, the Golden Giant mine (at Hemlo) did not at least get honorable mention in the leagues of big Canadian gold producers. Production here was…
Dolphin to spend $3m. on gold bet
About $3 million will be spent next year on exploration in Newfoundland by Dolphin Explorations which is closely associated with the International Corona group of companies. The majority of the funds …
Gold output tumbles at Galactic project
The production shortfall at Galactic Resources’ Summitville gold project in Colorado is having significant impact on the company’s share price. Galactic recently reported that November production was …
Vancouver Stock Exchange Waiting for the year-end rally
Wednesday close, Dec 17 The tone of the Vancouver market has changed significantly with a number of factors, including tax loss selling, depressing trading activity and prices. The year-end rally that…
AIGUEBELLE makes new hold discovery near Vezina mine
Aiguebelle Resources has made a new gold discovery on a previously unexplored part of its wholly-owned Bassignac Twp. property in northwestern Quebec about two kilometres southeast of its Yvan Vezina …
Audrey Res. to seek $8-million financing
An $8-million financing will be sought by Audrey Resources for the company’s optioned Mobrun project. The cash will be used for continued exploration of the property up to June, 1987. By making the ex…