Dickenson branches out to widen earning base
With over $40 million in cash equivalent assets, and its main Red Lake operation now back on a sound footing, Dickenson Mines is seeking other avenues for additional gold production, as well as expand…
News
THE EDITORIAL PAGE Letters to the Editor Gold’s time is here
Bank of America, chapter 11 rumors abound. Dallas-based Western Savings Bank down and three other banks announced down, ($4 billion needed to stay afloat). Farm Credit system needing $3 billion now an…
Nevada Goldfields expects production at Sumich year-end
Production is scheduled to start at the Sumich mine in Kingston Canyon, Nev., this December, says Nevada Goldfields Corp. With estimated reserves of 1,037,000 tons averaging 0.261 oz gold per ton, the…
Flanagan boosts tonnage on Mishibishu property
Results from 50 holes drilled in 1986 on Flanagan McAdam Resources’ Mishibishu Lake property in northwestern Ontario has boosted reserves by more than one-third and improved grade by 10% compared to t…
Galactic completes private placements
Galactic Resources has raised $13,875,000C through the successful completion of its private placement with a major Canadian financial institution, Robert M. Friedland, chairman, reports. The placement…
China key to Tungsten market Cutbacks would help
Supply restrictions by major producers such as China are the only way to improve tungsten prices, yet prices could experience a period of volatility not seen since the early 1970s if such restrictions…
Queries Young-Shannon inactive
I still have 10,000 shares of Young-Shannon Gold Mines held at Hector Chisholm & Co. What chance have they of doing something to get going again? H. A.Kidd, Willowdale, Ont. The chances don’t look ver…
Granges/Windflower results excellent
wo diamond drills now are on the Revelstoke, B.C., property of Windflower Mining, George Zbitnoff, vice-president exploration of Granges Exploration and Gerald Ryzner, P.Eng., president of Windflower,…
Ministry move to Sudbury more than three years away
It would be a minimum of three years before Ontario’s ministry of northern development and mines could complete its planned move of a major part of the ministry to Sudbury, according to the ministry’s…
Imperial Metals an enigma
Companies (like people) are often misunderstood, which is why Imperial Metals describes itself as “somewhat of an enigma” in the junior resource sector. But addressing the annual meeting, President Pi…
Ottawa top uranium producer
Canada continues as the world’s leading producer and exporter of uranium, according to results of the annual assessment of the country’s uranium supply released recently by Marcel Masse, minister of e…
Exall Resources
company’s six directors this week in Toronto. In the 3-month period ended July 31, the company, which is controlled by Denison Mines and Roman Corp., both of Toronto reported a net loss of $38,233 or …