Esperanza raising funds for Tillicum
By way of a proposed flow-through private placement, Esperanza Explorations (VSE) is looking to raise between $300,000 to $500,000 for ongoing exploration of its mineral properties. The company plans …
News
Despite 1988 loss, Agnico announces big exploration plan
Despite disappointing operating results last year which led to the company’s first loss since 1977, Agnico-Eagle Mines (TSE) is embarking on its biggest and broadest exploration programs ever, Preside…
Drilling hits high grade gold in Rossland camp
Project operator Antelope Resources (VSE) has intersected an impressive 7.1 oz gold per ton over an estimated true width of 8.4 ft at a depth of 150 ft in an untested area on the Iron Colt claim near …
Historic Welsh base metal mine to re-open
Parys Mountain on the Isle of Anglesey off the north coast of Wales has been mined for more than 2,000 years. Both the Druids and the Romans mined for copper on Parys Mountain and it later provided th…
Auto sector factor in projected growth in demand for zinc, lead
Consumption growth in both zinc and lead is predicted by an international securities firm, in part because of an expected increase in car production this year. In its Annual Review of the World Lead a…
Underground work at Tulsequah Chief
Since mobilizing a crew to the Tulsequah Chief project in northern British Columbia in early June, Cominco Ltd. (TSE) has rehabilitated 2,700 ft of track in the 5400-level prior to starting drifting. …
Inco in France
Inco Ltd. (TSE) has signed an agreement which will lead to gold exploration in France. The deal is with Pierre Nicolini, a professor, and Michel Quint, who have formed a company named Cevenor S.A. Inc…
Brenda illustrates problem of dwindling reserves ..Second in a
Because of the limited remaining life of Brenda’s big, low grade, open pit copper- molybdenum operation in British Columbia’s Okanagan Valley, Mine Manager Emile Brokx is probably more conscious of th…
Partners pull good holes on Equinox properties
Drilling by Cominco Resources International (TSE) and LAC Minerals (TSE) intersected gold mineralization on two separate Nevada properties where Equinox Resources (TSE) is owner or joint venture partn…
Goldpost nears production, despite shareholder doubts
Even though Goldpost Resources (TSE) is planning to produce 8,000 oz gold this year from its wholly- owned Hislop West zone near Timmins, Ont., at least one shareholder is unhappy with the company’s p…
Uruguay bet yields strong gold values
High grade gold values have been reported from grab samples on a property in southern Uruguay owned by Big Pony Gold (OTC) of Salt Lake City, Utah. Reconnaissance rock samples from the North Palacio a…
Agreements signed in Barrack, City deal
An agreement that will result in City Resources Canada (TSE) being acquired 54.1% by a subsidiary of Barrack Mines of Australia has been signed by all parties. Through its subsidiary, Barrack will pur…