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 …
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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…
Caretech drills Thunder Lake W.
CDN-listed Continental Caretech has received results from nine holes which it drilled at the Thunder Lake West project near Dryden, Ont. The first three holes, drilled between 1,640 and 2,590 ft. east…
Joutel exploring in Cuba
Work is continuing on three of Joutel Resources’ (TSE) gold properties in Cuba. Programs are under way on La Zona Barita, in the Sierra Maestra concession near Santiago de Cuba; El Jaguey, in the Vido…
Buchan to address CIM luncheon
The chief executive officer of Kinross Gold will address the Nov. 17 luncheon of the Toronto branch of the Canadian Institute of Mining, Metallurgy and Petroleum. Robert Buchan, who also serves as cha…
Pangea boosts stake in Musselwhite play
Toronto-listed Pangea Goldfields has opted to convert its option to earn an 80% interest in the Karl Zeemel gold property near Pickle Lake, Ont., into a full 100% interest. The property consists of 15…