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Seahawk prepares to drill in Guyana

Encouraging trench results have induced newly listed Seahawk Minerals (SKM-V) to drill the Blackwater Creek gold property in Guyana.The company completed 12 trenches across two structures extending ov…


ODDS’N’SODS — A lunch fit for a mouse

In the 1930s, the Paymaster Consolidated gold mine near Timmins, Ont., was known as the “ham, jam and an orange mine.”When the Paymaster restarted in 1933, for the second time, funds were in short sup…



Development work halted at Komis gold mine

The recent slump in gold prices has led to a decision to curtail development work at the Komis gold mine in Saskatchewan.Waddy Lake Resources, a wholly owned subsidiary of Golden Rule Resources (GNU-T…



Correction (February 10, 1997)

At the Camsell Lake project in the Northwest Territories, a total of 143 diamonds, including 33 macros, was recovered from 34.05 kg of boulder material sampled from two sites. Incorrect information ap…



Rhonda hits solid grades at Esker

Drilling at the lead-zinc-silver Esker project in the Northwest Territories has returned encouraging results for Rhonda Mining (RDM-A).Results include: 5.6 ft. grading 0.94 oz. silver per ton and 18.3…



Sutton boosts Bulyanhulu resource

With preliminary estimates suggesting the Bulyanhulu gold deposit in northwestern Tanzania could contain up to 5 million oz., the directors of Sutton Resources (STT-V) have adopted a shareholder right…


Strong dollar behind gold’s slide

Gold prices continued their slow decline in early February.The London afternoon fix was US$343.40 per oz. on Feb. 5, down $7.70 from the previous Wednesday’s close, and down a stinging $26 from Dec. 2…


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