Golden News receives permit
Final permits are in place for the Luz del Cobre copper deposit, 100 miles east of Hermosillo in Mexico’s Sonora state. Golden News Resources (VSE) plans to develop the property as an in situ leaching…
News
More gold at Horseshoe zone
Additional drill results are expanding the Horseshoe zone at the Damoti Lake property, 120 miles northwest of Yellowknife, N.W.T. Consolidated Ramrod Gold (TSE) is earning a 51% interest in the proper…
Adrian drilling Panama properties
An aggressive drilling program by Adrian Resources (TSE) is under way on the company’s land package in Panama. Results are expected shortly for 19 holes drilled to date, totaling 3,500 metres. The Pet…
Barrick poised for growth
Despite the market’s interest in the upcoming sale of the four Lac properties, directors and shareholders of American Barrick Resources (TSE) are more likely to be concerned with how their company wil…
Cambiex drills past producer
Montreal-based Cambiex Exploration (ME) has uncovered new mineralization on the Akasaba gold property, 25 km south of Val d’Or, Que. In the 1960s, two lenses were mined yielding 262,500 tonnes of ore …
Tri Origin reviews Lewis Ponds drilling
Having reviewed previous drilling data, Tri Origin Exploration (TSE) plans to carry out an additional 2,000 metres at its Lewis Ponds polymetallic deposit in New South Wales, Australia. The junior has…
Kidd Creek extension sought
Junior McChip Resources (TSE) intends to explore 37 unpatented claims in northeastern Ontario’s Reid Twp. An independent report states the property is in an area which could potentially host an extens…
Nunaoil discovers Greenland gold
Danish-based Nunaoil A.S. has struck gold on the island of Storo, in the Nuuk region of Greenland. Sampling delineated a gold-mineralized structure in Archean supracrustal rocks. The mineralized zone …
AJ Perron Gold custom milling
Having completed test milling, AJ Perron Gold (TSE) is milling ore for contracted customers at its new gravity flotation circuit at the Kerr mill in Virginiatown, Ont. The new circuit is fully license…
Silver Standard explores El Gato
El Gato, a silver property in central Mexico, is now controlled by Silver Standard Resources (VSE). The company is acquiring the property in return for spending US$1 million by January, 1999, and meet…
ODDS’N’SODS — The McDonoughs of Haileybury
My father-in-law, Hec McQuarrie, was a shaft-sinking contractor and, starting in Cobalt, Ont., he put down exploration shafts in several of the early gold finds in Ontario and Quebec. Hec’s mining sto…
STOCK MARKETS — Inflation fears limit TSE gains
Renewed inflation fears spooked investors and put a damper on the Toronto Stock Exchange over the 5-day report period ended Nov. 1. The composite 300 index edged up 21.68 points to end the week at 4,2…