London analyst has high praise for Galactic
The London bureau of Yorkton Securities has issued a glowing report on Galactic Resources (TSE) and its new gold mine. Claiming the “skeptics have been proven wrong about the Ridgeway gold mine,” York…
News
Greater Lenora
Donald T. Rankin, secretary of Greater Lenora (TSE) announces the company has requested that the Vancouver Stock Exchange delist their common shares. The common shares will continue to be listed and p…
Diana Res. begins drill program
Diana Resources (VSE) says a 7,000-ft drill program will begin shortly on its 82 claim Obatogamau gold property in the Chibougamau area of Quebec. Two surface gold showings will be tested, together wi…
Thunderwood’s Gold Hawk yields high grade gold
While still in the early stages of underground exploration at its Gold Hawk property near Val d’Or Que., International Thunderwood Explorations (TSE) says it is already getting some encouraging result…
MacLellan production up
The MacLellan gold mine near Lynn Lake, Man., produced 55,188 oz of gold in 1988 — up almost 40% from the 39,624 oz produced in the previous year. Credit for the turnaround goes to LynnGold Resources…
Newmont exploring Miramar’s Nevada gold properties
Exploration and development work under the direction of Newmont Exploration is continuing through the winter season on the Paymaster properties in Nevada, a bulk tonnage disseminated gold project. Ear…
Momentum builds in Bathurst for base metals exploration
Momentum in New Brunswick’s base metals exploration and mining industries is building. So much so that Robert Stairs, president of the only assay office in the city of Bathurst, is drafting plans to d…
Vancouver Stock Exchange Base metals rekindle interest
Strong zinc and copper prices together with gold’s recent improved performance served to rekindle interest and trading activity in diversified metal producers and exploration companies over the past w…
People (March 13, 1989)
SEVERIDE RESOURCES – Timothy Hoars appointed a director succeeding Murray Sinclair.
Editorial On the level for 75 years
The First World War was fuelling a boom for Canada’s mining industry in early 1915 when Ben Hughes, a mining columnist for a Cobalt newspaper, and Ernie Hand, a printer, put out the first issue of The…
Cominco Resources underground on Mexican Copper project
An underground program has started at the Maria copper project in Mexico, and assuming satisfactory mining conditions are encountered, partners Cominco Resources International (TSE) and Empresas Frisc…
Corona takes write-down on Nickel Plate project
Consolidated earnings of $26.5 million (16 cents per share), before unusual and extraordinary items, on operating revenues of $187.5 million were reported by Corona Corp. (TSE) for the 15-month period…