River hits bonanza grades
Underground drilling at the Eagle River gold mine, near Wawa, Ont., has returned spectacular results for River Gold Mines (RIV-T).Eleven holes drilled to test mineralization below the No. 6 zone inter…
Eagle River Mine
River expects higher production
With another strong quarter under its belt, River Gold Mines (RIV-T) expects to surpass its 1998 production target for the Eagle River gold mine near Wawa, Ont.As of Sept. 30, the company had achieved…
River Gold boosts profit from Canadian mines
Higher production and lower operating costs translated into a strong second quarter for River Gold Mines (RIV-T).The Canadian gold miner earned $5.5 million (or 18 cents per share) in the three months…
River Gold buys Mishi
River Gold Mines (RIV-T) has acquired the Mishi Lake gold deposit near Wawa, Ont.The vendors, MacMillan Gold (MMG-T) and Mishibishu Gold (MGO-V), held 40% and 60% interests, respectively.River’s cost …
GOLD AND PRECIOUS METAlS — Western Quebec Mines set to explore Wesdome property — Two-year program to include drifting and drilling beneath Lac de Montigny
After spending the last year consolidating its holdings in the Val d’Or camp and raising a total of $16.5 million, Western Quebec Mines (WGM-T) is about to embark on a 2-year exploration campaign at i…
River Gold hums along in Wawa
In the past two years, River Gold Mines (RIV-T) has started up two operations in the Wawa camp of northern Ontario, and, in spite of the downturn in gold prices, the company’s balance sheet augurs wel…
Sampling continues at Edwards
The Edwards gold mine produced 30,412 oz. gold and 3,678 oz. silver in its first year of commercial production, reports 100%-owner VenCan Gold (VCG-M).Situated near Wawa in northwestern Ontario, the m…
Murgor drills gold find
Montreal-based Murgor Resources (MUG-M) has entered the first phase of drilling at its Dorset gold property, near Mishubishu Lake in northwestern Ontario.The program is expected to total 1,500 metres,…
Milling ongoing at Edwards
River Gold Mines (RIV-T) has half-finished the milling of the first batch of ore from the Edwards mine, 50 km northeast of Wawa, Ont.The company has recovered 16,155 oz. gold from 27,950 tonnes of Edw…
River Gold mills ore from Edwards mine
Ore from the Edwards gold mine near Dubreilville, Ont. — one of the richest deposits in Canada — is being processed commercially for the first time.Mine owner VenCan Gold (VCG-M) reports that the fi…
Edwards mine grade tops estimates
The Edwards gold mine near Dubreuilville, Ont., will make $5.5 million in profits by the end of August, reports VenCan Gold (VCG-M).Net profits from the mine, which is operated by River Gold Mines (RI…
Gold price slows River’s plans
A lower-Than-expected gold price has forced River Gold Mines (RIV-T) to put off some of its development plans.The price was widely expected to rise to the US$400-per-oz. range in 1997 but has instead …