News

Hemlo Gold Mines (TSE) says its operator Noranda Exploration has completed a reserve calculation for the Eagle River gold property held in joint venture with Central Crude (VSE). The property is locat…

Asquith Resources was steady at 60 cents this week. The company recently released results, which include visible gold showings, from a zone on its Buckingham Mine property in southern Asquith Twp, Ont…

N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Feb146.50 146.50 144.40 Mar145.30 140.00 142.90 — 5.15 May134.80 131.00 132.50 — 4….

ALUMINUM: MW U.S. Market $1.06-$1.09 per lb. (Jan 19, 1989). ANTIMONY: New York dealer $1.00 cents -$1.03 per lb. (Jan 19, 1989). BISMUTH: New York dealer $6.65-$6.75 per lb. (Jan 5, 1989). CADMIUM: N…

With a substantial increase in reserves brought about by its 1988 work program, Esperanza Explorations (VSE) is contemplating a $3.3-million pre- feasibility program this year for its Tillicum Mountai…

An additional 13,850 acres has been added to Tundra Gold Mines’ (VSE) McKenzie Break property in Courville and Fiedmont twps., 20 miles north of Val d’Or, Que. The company recently optioned another 34…

Jake Epp, the new Minister of Energy, Mines and Resources, will be the guest of honor at the banquet held by the Prospector’s and Developers Association at their annual convention. The PDA convention …

Ennex International of Dublin, Ireland reports a net loss for the 9-month period ended Sept 30 of $460,000(US) or 55 cents per share on revenue of $3.74 million. For the same period a year earlier th…

Alberta-based junior Stratabound Minerals (ASE) reports initial drill results from its CNE base metals property near Bathurst, N.B. Last fall, the company reported the discovery of high grade lead- zi…

Trading activity here remained upbeat and at a relatively even keel despite gold’s dip below $400 and some further profit-taking. Even the latest insider trading scandal failed to have any impact, wit…

A drill program has been started on the Davidson Tisdale gold property near Timmins, Ont., by Midas Minerals (TSE). The 2,500-m program will test for mineralization between the 200-m and 400-m levels …

America’s first gold rush began almost 200 years ago in the Piedmont area of the Carolinas; and after a half-century hiatus (production ceased during World War Two), gold mining has made a significant…