EXPLORATION 1998 — New target at Springpole
Exploration by Gold Canyon Resources (GCU-V) has identified a new drill target at the Springpole Lake gold property, 70 miles from the Red Lake mining district of northern Ontario.The target area is 2…
Canyon Resources Corporation
Gold Canyon drills Springpole
Junior Gold Canyon Resources (GCU-V) has begun a 2,400-metre program of diamond drilling at its Springpole gold project, 113 km northeast of Red Lake, Ont.The program will focus on the East Extension …
Companies (February 02, 1998)
Alta GoldAmax GoldAmerican ComstockExplorationApex Silver MinesArgentina GoldAtna ResourcesAurizon MinesBarrick GoldBattle Mountain CanadaBirch Mountain MineralsBolidenBreakwater ResourcesCaledonia Mi…
Canyon aims to boost economics of McDonald project with new mine plan
Now that Canyon Resources (CAU-X) has 100% control of the McDonald gold property in Montana, it is updating the economics of the project in light of additional data and a lower gold price.The company …
LATIN AMERICA — Phelps Dodge bids adis to Peruvian play
Phoenix, Ariz.-based Phelps Dodge (PD-N) has pulled out of the Cerro Lindo copper-zinc project in Peru.The company gave no reason for its withdrawal..Situated near the southern department of Arequipa,…
Royalty sisters report mixed quarter
Rescheduling of operations at Barrick Gold’s (abx-t) Goldstrike project in Nevada has boosted first-quarter earnings for Euro-Nevada Mining (an-t), while impeding those of sister company Franco-Nevada…
Canyon Resources recognized for mine site reclamation work
The U.S. government has awarded Canyon Resources the Health and Land award for its reclamation efforts at the Kendall open-pit gold mine site in central Montana.The work resulted in the reintroduction…
Cameco drops Springpole
Management of Gold Canyon Resources (CGU-V) reports that Cameco (CCO-T) has dropped its option to earn an interest in the Springpole Lake gold project, 113 km northeast of Red Lake, Ont.The project wa…
STOCK MARKETS — Western investors cool to foreign-oriented juniors — Reward and Taseko among few that manage to buck downward trend
Western markets lost ground again over the report period ended June 17. The Vancouver Stock Exchange dropped 42.73 points to 918.59, whereas Alberta was off 62.58 points at 2,388.22.Gold Canyon Resour…
Briggs gets bigger for Canyon
Canyon Resources (CAU-X) has increased minable reserves at the Briggs gold mine, in southeastern California.Drilling has outlined mineralized material at two targets, the North Briggs and Goldtooth, a…
STOCK MARKETS — All flat on the western front
The Vancouver Stock Exchange composite index remained flat over the report period ended Oct. 8, slipping 5.59 points to close at 1,199.91. The resource index, meanwhile, finished up 21.53 points at 2,…
THE GLOBAL SEARCH FOR GOLD SPECIAL — Gold still favorite target in N.W. Ontario
Gold projects have always been the heart of mining in northwestern Ontario. Much of the work, naturally, centres around the highly productive Red Lake district, but the region swarms with volcanic bel…