Even though Sonora Gold Corp. (TSE) recently announced a $50.6- million write-down in the carrying value of its Jamestown gold mine in California, the company remains optimistic about the future of th…
The cost of mining in Ontario is about to go up a notch, and some of the province’s small gold mines will likely suffer most. Unwilling to follow the example set by their base metal brothers by inve…
Nobody knows with certainty, but everybody is interested in the possibility. If war comes, what then? In the first instance, it would be recognized that such a war would not break on an unprepared wor…
Contrary to what was was reported recently (N.M., March 20/89), Calgary-based Baloil Resources (ASE) intersected 8.8 ft of grade 0.13 oz gold per ton in drill hole DDH-1 during a 2,400-ft program at i…
Toronto-based American Barrick Resources (TSE) has successfully closed its 1,050,000-oz gold loan agreement which is designed to finance a $365(US) million development program at the Goldstrike mine i…
Trading was quiet on COATS this week, but one issue that stood out was Hanson Mineral Exploration with a volume of more than 350,000 of its shares traded at a high of 70 cents . Following an amalgamat…
A $10-million offer for its Mt. Hundere zinc-lead-silver project in the Yukon was too good to be refused by Toronto-based Canamax Resources (TSE). After outlining 5.2 million tonnes of grade 18.5% com…
Stumbling metal prices in February contributed to a decline of almost 1% in Scotiabank’s all- commodity price index for that month. “Industrial metal prices moved down in February and March from high …
Further results have been released from the Ronnoco Gold Mines (COATS) property near Timmins, Ont., where Trader Resources (TSE) is spending $400,000 to drill a mineralized porphyry structure. Toronto…
With three mills in the immediate vicinity and a winter drilling program now complete, Stratabound Minerals’ (ASE) CNE massive sulphide property near Bathurst, N.B., is beginning to look promising. St…
Calgary-based Octan Resources (ASE) is attempting to arrange the necessary financing for a 3-year program at its Great Bear Lake silver claims 250 miles northwest of Yellowknife, N.W.T. Last fall, Oct…
Toronto-based Aur Resources (TSE) is expanding its holdings in the Val d’Or, Que., area by entering into option agreements with four junior exploration companies controlled by prospector Jack Kentish….
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