Editorial International perspective
It’s an indication of just how international this business has become that a geologist, born and trained in Chile, who has worked most of his professional career in the U.S., is appointed to the top e…
News
Thunderwood to be operator at Falconbridge gold bet
An amended agreement between partners Thunderwood Resources (TSE) and Falconbridge Ltd. has paved the way for renewed exploration at the Pelletier Lake gold project near Rouyn-Noranda, Que. After a ye…
Horsham shares trade on New York exchange
Common shares of Toronto- based Horsham (TSE), the company that controls American Barrick Resources (TSE), were listed for trading recently on the New York Stock Exchange. In addition to a 22% stake i…
Granges sets budget for 1990 exploration
A budget of $7 million has been set by Granges (TSE) for exploration in Canada this year. In addition, the company’s 59% owned subsidiary, Hycroft Resources & Development (TSE), plans to spend a furth…
Toronto Stock Exchange Soaring bullion prices whipsaw gold index
Gold came back with a vengeance today, Jan. 24., as investors unloaded bonds and equities and sought the refuge of bullion. The trading added more than $8 to the price of an oz. of gold which was set …
Cameco exercises Golden Rule option
Saskatoon-based Cameco has given notice to Golden Rule Resources (TSE) that it will exercise its option to purchase the latter company’s 30% interest in the Fork Lake and Transom Lake gold projects, n…
Equity Silver to deep drill “Lupin-style” Argus project
Argus Resources (ASE) says it is becoming increasingly certain that sedimentary rocks at its Esker Lake project in the Northwest Territories are similar to those at Echo Bay’s (TSE) Lupin gold mine. A…
Evaluating dynamics of crown pillars
Mining is the pillar of the economy for many small communities in Canada. But as some towns have recently discovered, the surface crown pillars of abandoned mines may not be structurally sound. In fac…
Orex has two-phase plan for Goldboro development
In the midst of an underground 99-hole drilling program, Exploration Orex (ME) is confident the results will allow it to continue its 2-phase program to bring its Goldboro gold project in Nova Scotia …
Obituary Alexander Pope
Alexander Pope, a long-time resident of the old silver mining camp of Gowganda and a well- known prospector, died Dec. 31 in Englehart, Ont. He was 100 years old. He led an active life in the field we…
PDAC
Members of the New Brunswick Prospectors and Developers Association (NBPDA) will raffle a dore bar at the 58th annual convention of the Prospectors and Developers Association of Canada (PDAC) in Toron…
Sparton, Freewest
Sparton Resources (TSE) and Freewest Resources (ME) are starting a drill program on their jointly optioned claims near Helena Lake, 35 miles north of Fort Frances, Ont. The drill program will test a g…