Reserves Calculated for Willa Project
A $1-million exploration program was recently completed on the Willa property in southwestern British Columbia by operator, Northair Mines (TSE). The company now has a 77% interest in the gold project…
News
Metal Prices PRODUCER PRICES (November 14, 1988)
ALUMINUM: MW U.S. Market $1.07-$1.09 per lb. (Oct 27, 1988). ANTIMONY: New York dealer $1.05-$1.10 per lb. (Aug 25, 1988). BISMUTH: New York dealer $5.90-$6.00 per lb. (Oct 20, 1988). CADMIUM: New Yo…
Investment Comment Three junior golds with overlooked potential
Toronto-based Bitech Energy Resources (ASE) has substantially increased its mineral exploration activities since last year, and recently, the company made a significant gold discovery in Newfoundland….
MRI revenues up from 1987 level
As indicated by its recent financial results Mineral Resources International (TSE) is continuing to benefit from zinc prices which jumped recently to $1,350(US) per tonne from $820 a year ago. MRI’s n…
Tenajon seeks to buy Esso’s interest in SB
Surface diamond drilling on the SB property near Stewart, B.C. intersected a new zone parallel to the Main zone where operator Tenajon Resources (VSE) has been encountering impressive values in both p…
Inco earmarks $100 million to open 2 Thompson mines
Still under fire for a recapitalization plan designed to fend off a hostile takeover, Inco Ltd. (TSE) is setting aside $100 million to sustain production in its Manitoba division. Over the next seve…
Change of guard at Breakwater
A change of guard at Breakwater Resources (TSE) suggests the company could eventually fall under the control of Corona Corp. (TSE). Ned Goodman, the chairman of Corona, was recently appointed to Break…
New Discovery In Toodoggone
A high grade gold and silver discovery was made by Energex Minerals (TSE) on its JD property (eight miles east of the Al project), part of the company’s wholly-owned Toodoggone project in north-centra…
New reserves for Cathedral
A new reserve estimate has been prepared for the AT zone at Cathedral Gold Corp.’s (TSE) Porcher Island property 35 miles south of Prince Rupert, B.C. The latest estimate is based on 78 holes represen…
Questions raised over changes to Crown land-use legislation
Initial concerns raised by the Prospectors and Developers Association of Canada (PDAC) over amendments to Ontario’s Public Lands Act (Bill 137) have abated somewhat, the association’s managing directo…
Newhawk drill hole really high grade
A spectacular drill hole has been reported from the UTC zone at Newhawk Gold Mines (TSE) Sulphurets property north of Stewart, B.C. The zone was discovered earlier this year during a deep test in the …
Doron plans more drilling for Caribou Creek project
A winter diamond drill program is being organized by Doron Explorations (VSE) to continue testing a high grade gold-bearing quartz vein discovered in a recent exploration program on its Caribou Creek …