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) (…
1988
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,…
A Market for Chromite
Platinum group metal (PGM) explorers can look forward to some potentially good news which should be forthcoming soon. Charles River Associates of Boston, Mass. is doing a market survey for a consortiu…
Good hole reported at Cornucopia’s Ivanhoe property
With a feasibility study almost complete, partners Galactic Resources (TSE) and Cornucopia Resources (TSE) are still pulling some interesting results from the Ivanhoe joint venture near Carlin, Nev. C…
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 …
Orofino drill results
The first drill results have been received by Orofino Resources (TSE) from the company’s Coronation Gulf gold property in the Northwest Territories. Of four holes completed, the second intersected a 5…
Aur earnings decrease
On target to begin production at the Kierens zone gold deposit near Val d’Or, Que., later this month, Aur Resources (TSE) of Toronto has reported a drop in its 9-month earnings. Earnings before deferr…
Vancouver Stock Exchange Brokers’ phones starting to ring
August went out like a lamb, and September came in like one too, but brokers do say the phones are beginning to ring now that the holidays are over. While the momentum doesn’t appear to exist for a bo…
Orion start-up costs cut Malartic earnings
Start up costs at Malartic Hygrade’s (VSE) Orion gold mine near Val d’Or, Que., and an unrealized U.S. dollar exchange loss, reduced the company’s earnings during the first half of 1988, Malartic anno…