News

The end of the gold boom (a boom which caused annual world production rates to nearly double in the past nine years) is not yet in sight. World gold production in 1938, according to preliminary estima…

Harry Oakes, staker and original president of Lake Shore Mines, Limited, and pioneer engineer-prospector of the Kirkland Lake district, added another distinction to his already long list when he was c…

Geologists from Laurentian University and the University of Toronto will use a $160,000 provincial grant to study the structural geology of the Sudbury Irruptive, a body of intrusive rocks related to …

The mineral deposits division of the Geological Association of Canada presented its two top awards during the association’s annual meeting held here during May. Gilles Allard, professor of geology at …

A private placement worth $735,000, involving 3,675,000 shares at 20 cents each, has been finalized, Abitibi Metal Mines (ME) reports. The funds will go towards exploration work carried out on the Jol…

Beauchamps Exploration (VSE) has acquired five claims in the Stikine area of northwestern British Columbia. The company purchased the ground for $5,000 and 100,000 shares from treasury. The property i…

Following the completion of a deal to acquire a 20% interest in Asturiana de Zinc, a major zinc smelting company in Spain, privately-owned Curragh Resources plans to embark on a diversification progra…

A $4-million exploration program is set to begin this month on Dolphin Explorations’ (TSE) Cape Ray gold property in southwestern Newfoundland. About half of the program’s budget will be spent on surf…

Geologists are studying oil shale deposits in New Brunswick to see if they are worth developing, New Brunswick’s Minister of Natural Resources and Energy said recently. “New Brunswick oil shales are t…

The Geological Association of Canada presented two medals at its annual meeting in Montreal recently. From left are Paul Wojdak of the GAC’s mineral deposits division executive, W. H. Gross medal winn…

The chairman of Belmoral Mines (TSE) is the first to admit 1988 was not a memorable year for his company. Kenneth Dalton, addressing shareholders at the annual meeting, said, “most of our projects hav…

Chelsea Resources (VSE) has completed negotiations for a private placement of 2.5 million common shares priced at 50 cents per share. Lufer Corp., a company controlled by a Chelsea director, will pur…