Eastmaque boosts production from American Girl
A record monthly rate of gold production was reported by Eastmaque Gold Mines (TSE) from its American Girl mining joint venture in Imperial Cty., Calif. During the month of January, production reached…
News
Gold acts as a type of `security blanket’ for mankind
Among all the minerals — and there are literally hundreds of them — gold has long played a unique role. Man’s fascination with gold goes back to the beginnings of recorded history. Although gold is …
Noranda buys 21.6% interest in Louvem
Noranda Minerals, a unit of Noranda (TSE), has increased its stake in the Louvicourt Twp. massive sulphide discovery by purchasing an additional 20,000 shares of Societe Miniere Louvem (TSE). Louvem i…
Alberta Stock Exchange Gallery Gold doubles
The share price of Gallery Gold doubled to 50 cents, up from a low of 24 cents during the week ended March 6. Nearly one million shares changed hands before trading was halted today, March 7, pending …
Pezim convinced of VSE’s place as a much-needed high risk capital
Despite a nasty head cold that seemed to make his normally gruff voice even more gravelly, Murray Pezim, chairman of Prime Resources (VSE), offered The Northern Miner his insights into the future of t…
CoCa gives o.k. to mine Grouse
Less than a year after Denver- based CoCa Mines (TSE) purchased Geodome Resources and its Idaho mining assets, CoCa says it is going ahead with development of the Grouse Creek gold project. Located on…
ATLANTIC REPORT Technology highlighted at Halifax session
A Wall Street bankruptcy could slow financing for a Nova Scotia coal project. Drexel Burnham Lambert was in the process of floating a junk bond issue for Curragh Resources of Toronto when it filed for…
Gibraltar earnings at 10-year high
Gibraltar Mines (TSE) reported its highest earnings since 1979 for the year ended Dec. 31. Net earnings for the year were $24.3 million on revenues of $104.7 million, compared with earnings of $8.3 mi…
Manitoba suffers slowdown in drilling activity, spending
Since the mid-1980s, Manitoba’s mineral exploration industry has been showing strong growth in activity and spending. As a consequence of increased exploration since 1986, four new mines were put into…
Stillwater plans Montana smelter
Construction of a smelter to treat palladium and platinum concentrates is planned by Stillwater Mining for western Montana near its mining operation. Estimated cost of the facility is US$6.6 million. …
American Consolidated hits mineralization
A mineralized vein continuing through three drill holes has been encountered on American Consolidated Mining’s gold-silver-copper prospect in Clifton Cty., Utah. Channel samples cut across the vein st…
Trevco bulk sample
Calgary-based Trevco Oil & Gas (ASE) has commissioned Minroc Management of Toronto, and J.S. Redpath Mining Consultants of North Bay, Ont., to provide an estimate of total costs to remove, ship and pr…