Placer Dome Buys Stake In Alban Explorations
A Vancouver junior appears to have caught the eye of Placer Dome Inc. (TSE). The large gold producer recently purchased 150,000 shares of Alban Explorations Ltd. (VSE) at $1.00 per share, which Alban …
1988
Higher Profits and Capital Investment for B.C. Mining
After five consecutive years of losses, British Columbia’s mining industry in aggregate reported positive earnings in 1987. According to a survey conducted for the Mining Association of B.C., this dra…
Rockford producing gold
The first revenues from gold production have been received by Rockford Minerals (TSE). The production is coming from the Barber Larder open pit near Larder Lake, Ont. Ore is being trucked to the Kerr …
Supply of platinum to world markets
Is the platinum market in oversupply or undersupply? Two reports appearing in this column earlier this year, each dealing with the supply of the precious metal to world markets, seem to contradict eac…
Cross Lake drilling to start
A drill program on the Red Cross Lake property is under way, Cross Lake Minerals (VSE) says. Funded by a $112,000 share placement with NIM Resources 1988, a flow- through fund, the program will test s…
CoCa earnings drop
Sharply lower earnings have been reported by CoCa Mines for the 6-month period ended June 30. Net income was $317,400(US) or 4 cents per share compared to a $1.7 million profit or 22 cents last year. …
Westmin, Tanqueray busy at Little Stull
Based on encouraging drill results, a follow-up 13,000-ft drill program has been ordered for the Little Stull Lake gold property shared by Westmin Resources (TSE) (53.33%), Tanqueray Resources (ASE) (…
New 4,500-ton mill opened at Barrick’s Goldstrike bet
Toronto-based American Barrick Resources (TSE) has taken a significant step towards expanding gold production at the Goldstrike mine at Carlin, Nev. In a bid to increase its gold output from 40,144 oz…
Glen Auden, Dragon stake large tract in Beardmore camp
Glen Auden Resources (TSE) and Golden Dragon Resources (VSE) have staked 415 claims in Eva and Kitto twps, near Beardmore, Ont. The claims, which are adjacent to the former producing Leitch gold mine,…
Marshall Minerals’ Sangold offers encouraging results
Preliminary assay results from Marshall Minerals’ (ASE) Sangold property west of Timmins, Ont. have produced some encouraging results. They include a 38.5-ft intersection which assayed at 0.30 oz gold…
City Resources Launches Exploration Subsidiary
By late September, City Resources (Canada) (TSE) expects to have in hand the final feasibility study for its Graham Island gold project in British Columbia. In the meantime, the Australian-backed mini…
Trend to smaller mines worries union
The boom and bust cycles of mining are expected to continue with even more dramatic swings than in the past say a team of researchers for the United Steelworkers of America. The union’s research team …