News

A new junior mining company, Jilbey Industries which was originally financed by a 400,000-share offering at 30 cents a share through the facilities of West Coast Securities of Vancouver, began tradin…

High grading gold values have been assayed from grab samples taken b y Glen Auden Resources from the company’s Swayze- Denyse property. Located south of Timmins, Ont., the property has been mapped, tr…

Climbing gold sales from the Pinson-Prebble and Dee mines in Nevada in which Lacana Mining has interests, added to a higher gold price, gave the company record earnings for the nine months ended Sept …

Recovery problems have cropped up at the Mobrun project, shared equa lly by partners Audrey Resources and Corporation Falconbridge Copper. Located near Rouyn, Que., the deposit is being mined via open…

A $3-million underground program is slated for Coxheath Gold Holding s’ Tangier property with $500,000 to be spent before the end of January, 1987, reports President Michael Riddell. The property is l…

Investors appear to be greeting the news of the planned re-activatio n and re-organization of Toronto- listed Black Hawk Mining with enthusiasm. Over the past week, the share price has more than quadr…

Gateford Resources, which is drilling several holes on its large Sam son River property west of Matagami, Que., has encountered several delays due to ground problems. However, the holes which have bee…

During the past two or three years I have noted many comments rega rding Durham Resources and most of those comments were very positive. I wonder now why Durham has become so negative as far as market…

There may be a little more than iron ore coming out of Wawa, Ont., in 1987 if, as anticipated, Citadel Gold Mines successfully reactivates its dormant mining operation there by next July. Reserves are…

Tax reform and reduction has become the order-of-the-day both in th is country and the U.S.A. But is it rhetoric or reality? As most of us know only too well, the over-all tax take being levied agai…

Reserves at the Mirado gold property controlled by Golden Shield Res ources have been increased by almost 30%, the company reports. Located near Kirkland Lake, Ont., the Mirado property hosts drill-in…

McFinley Red Lake Mines, which holds a 50% stake in the McFinley gol d project, will purchase the remaining 50% stake from partners Phoenix Gold Mines and The Coniagas Mines. The purchase price is $3 …