Decline gets green light at Newhawk B.C. bet
Formal approval has been received by Newhawk Gold Mines for an underground decline at its Sulphurets property in northwestern B.C. As expected, Lacana Mining has agreed to fund its share of the projec…
News
Gold ’86 shaping up as a major international event
More than 1,000 people are expected to attend Gold ’86; an international symposium on the geology of gold deposits taking place in Toronto from Sept 28- Oct 1. Symposium Chairman Eric Craigie says mor…
Sparton seeks funds
A prospectus filing is being made in Quebec, New Brunswick and Nova Scotia which, if completed, will net Sparton Resources up to $1.3 million for ongoing exploration programs. The bulk of the financin…
Radisson drilling Douay property
Diamond drilling has started on the Douay Twp., Que., property held by Radisson Resources. Located near Joutel, the property is being tested by 5,000-ft program designed to define the dimensions of a …
Getty gold exploration has $4-million backing
Getty Resources has filed a preliminary prospectus for a public offering of common shares and purchase warrants. The company’s president and chief executive officer, Richard C. Atkinson, claims it’s e…
Toronto Stock Exchange Golds surge ahead on rising bullion price
Wednesday close, Sept. 3 With gold bursting through the $400(US)-an-oz level on commodity markets this week, gold shares have likewise surged ahead. After a spectacular advance of 206.97 pts yesterday…
HudBay over half way on exploration shaft
Hudson Bay Mining and Smelting reports it is on schedule with an exploratory shaft at its nickel ore discovery beneath Namew Lake, 40 miles south of Flin Flon, Man. Diluted recoverable reserves at the…
Vancouver Stock Exchange Gold prices push stocks higher
Wednesday close, September 3 Overall it’s been a good week for Canadian gold producers. Markets haven’t done too badly either, with gold’s ascent to more than $400(US) pushing many stocks higher. Anal…
Lower nickel prices are forecast 10,000 ton oversupply
Nickel producers have been in a tight squeeze as a consequence of slumping nickel prices and the squeeze is expected to get tighter. The price of nickel, which was down around $1.70(US) a lb at presst…
Obituary David Thornsteinson
Beardmore prospector killed in accident A highly regarded independent prospector who never lost his faith in the Geraldton-Beardmore gold area which he so proudly made his home for 25 years, David Tho…
Nickel
The price of nickel, which was down around $1.70(US) a lb at presstime, will probably drop to $1.50 a lb, knocking off a lot of production capacity, market analyst Ilmar Martens said in a panel discus…
Oracle Resources begins exploration in Pickle Lk.
Exploration has begun on two of Oracle Resources’ four gold properties in the Pickle Lake and Opapimiskan Lake areas of northwestern Ontario. Results of airborne EM and magnetic surveys carried out ea…