New Zone Discovered on U.S. Borax Star Property
Two contiguous gold properties located in southeastern British Columbia are providing an exploration focus for Reymont Gold Mines (ASE), Lectus Developments (VSE) and Ryan Exploration, a subsidiary of…
News
Huntington drilling yields gold values at Brett project
Four more holes have been reported by Huntington Resources (VSE) from its Brett property near Vernon, B.C., the subject of an option agreement with Corona Corp. (TSE). All of the holes returned encour…
Spot prices at a glance (September 26, 1988)
Price (US) Change Gold (per oz) $401.60 -$20.30 Silver (per oz) $ 6.19 -$ 0.32 Platinum (per oz) $492.00 -$32.00 Copper (per lb) $ 1.11 -$ 0.02 Lead (per lb) $ 0.27 -$ 0.01 Zinc…
Correction (September 26, 1988)
Contrary to what was reported in The Northern Miner Sept 19, American Barrick Resources’ (TSE) new 4,500-ton-per-day Goldstrike mill will initially process ore from the high grade portion of some eigh…
Base-metal discoveries needed now: ministry
The search for new mineral deposits in Canada in recent years has favored gold to the exclusion of base metals, say a couple of officials with Energy, Mines and Resources Canada who think the “period …
Galactic earnings drop
A delay in the start of the 1988 mining season and debenture issue costs totalling $1.932 million(US) led to a seasonal second quarter loss of $4.348 million for Galactic Resources (TSE), up considera…
Alberta Stock Exchange American Ore active
Although its not ore yet, mineralization in two drill holes created a flurry of trading in American Ore this week. Each hole intersected quartz and carbonate veining in multiple shear zones on a joint…
New Pacer Dome appointment signals emphasis on mining
Placer Dome Inc. (TSE) has re-affirmed its commitment to focus on gold mining by appointing Anthony Petrina as the company’s new president and chief operating officer. A former hard rock miner from Su…
Geraldton pleased with trench results
Trenching by Geraldton Longlac Gold Mines (COATS) has produced encouraging gold values. A mineralized zone was trenched along 80 ft of strike yielding assays up to 0.24 oz gold per ton across 6.5 ft. …
Ennex still needs permits at Scotland-based gold bet
Encouraging results have been reported from a number of international exploration projects held by Ennex International. A loss of $341,000 or 41 cents per share was recorded by Ennex during the six m…
Minister for mines dropped in cabinet shuffle
For the first time since 1980, Canada is without a federal minister of state for mines. The change, part of Prime Minister Brian Mulroney’s recent cabinet shuffle, has so far drawn mixed reactions fro…
Corona reports first consolidated earnings
Consolidated earnings of $18.8 million (12 cents per share) before unusual and extraordinary items, or $15.7 million (10 cents per share) after unusual and extraordinary items, were reported by Coron…