Drilling planned at Exall’s Gold Eagle
Toronto-based Exall Resources’ (TSE) wholly-owned Gold Eagle property in near Red Lake, Ont. has been earmarked for a 20,000-ft drill program, the Denison Mines (TSE) affiliate said recently. The form…
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Research UNDERWATER PERIL?
Mine tailings that are dumped Minto lakes and other bodies Mof water are sometimes viewed with suspicion. Many people worry that the tailings contaminate drinking water. But studies done by Prof Thoma…
Gold Standard signs Uruguayan venture
Utah-based Gold Standard has signed a joint venture agreement to explore its San Juan Hills gold property in Uruguay. Gold Standard is embarking on the joint venture with Compania Mineral San Jose S.A…
Mishibishu area mines are all active
Although modern exploration interest in the Mishibishu area came about as a sort of `overflow’ from the Hemlo gold rush in the early 1980s, it was only until recent discoveries that major companies ha…
Something Old, Something New
For JoAnne Nelson, project geologist working withing the Canada- British Columbia Mineral Development Agreement, the past has come alive in an unusual way. In June, 1987, The University of British Col…
`Internal rate of return’ one guideline for investment
Then comes the interesting part * * * an estimate will be made of what the annual revenue from a mine will be during production to pay for preproduction capital costs. This requires a forecast of what…
COOKIE JAR MINING
Gordon Strasser, a 59-year-old mining engineer, calls it “cookie jar mining.” The term describes a new method of mining those isolated pockets of rich gold mineralization which are too small to justi…
Cambior, Audrey sell gold forward
Two mining companies in northern Quebec, Cambior Inc. (TSE) and Audrey Resources (TSE), recently revealed details of forward sales of production. Cambior will deliver, during the last four months of 1…
`Due diligence’ a serious but behind the scene activity
In recent years there has been a great deal of money invested in gold mines — new project financing, mergers, acquisitions and the like. Normally, newspaper reports refer only to the size and financi…
Catear Reports Impressive Assays at Goldwedge
Some impressive assay results were reported by Catear Resources (VSE) from underground stope sampling at its Goldwedge property north of Stewart, B.C. The company is now processing low grade material …
Cathedral reduces production estimates
The Stirling Mine in Nevada produced some 5,906 oz of gold druing the first six months of 1988, but 52%-owner Cathedral Gold Corp. (TSE) says it has reduced the 1988 production estimates downward from…
Golden Pond project success of Casa Berardi area
A discovery by Inco Ltd. (TSE) geologists in 1981 of a gold deposit lying about 60 miles north of La Sarre, Que., recently became a producing mine (Golden Pond East), a positive sign for the Casa Bera…