Lenora focuses on Sask. project
The Beaverlodge gold area of northern Saskatchewan is the current focus of exploration attention of Lenora Explorations (TSE), President Robert Kasner said at the annual meeting. A feasibility study i…
News
Surf Inlet seeks partner to explore Matachewan bet
A new company may be joining the exploration team in the search for gold at the Princess Royal Island claims in British Columbia’s Skeena division, shareholders of Matachewan Consolidated Mines (TSE) …
Mazarin search includes graphite
For the third consecutive year, Mazarin Inc. (TSE) and Fonds d’Exploration Miniere du Nouveau- Quebec are exploring in the area of Fermont in northern Quebec, where showings of kyanite, graphite and s…
Fleck option deal
An agreement has been completed between Fleck Resources (VSE) and Consolidated Silver Standard Mines (VSE) which gives Fleck the option to earn a 65% interest in Silver Standard’s Smith property. Loca…
Most mines cost $200(US) to operate
According to a study by Andre Lemieux of the federal department ofEd Resources, cash operating costs of the 45 mines inCose sole or most valuable product was gold averaged$ut $200(US). Those mines acc…
Skyline commissioning mill at Johnny Mountain project
Mill commissioning is under way at Skyline Explorations’ (TSE) Johnny Mountain property north of Stewart, B.C., according to R. E. Davis, president. He says that commercial production is expected to “…
Cambior gold loan provides Nova-Cogesco with Silidor funding
An $8-million gold loan is being arranged by Nova-Cogesco Resources (TSE) with Cambior Inc. (TSE). Proceeds of the loan, at the agreement-in-principle stage, will be used to finance Nova-Cogesco’s sha…
Heenan drilling for platinum
While the focus of Heenan Senlac Resources (TSE) is currently on oil and gas developments in Saskatchewan because of the rapid cash payback, it is still very much involved in mineral exploration and i…
Stronger dollar has gold reeling
The price of gold fell to $434.90(US) per oz at presstime, with analysts blaming a stronger U.S. dollar and falling grain prices for the decline. “The U.S. dollar is strong, that’s the key,” said Toro…
Montreal Exchange Cambior exits Red Lake
A falling gold price at week’s end seemed only to spur investors on the Montreal Exchange, where both the market portfolio and mining and minerals index recorded gains during the holiday-shortened tra…
Alberta Stock Exchange Big traders lose out
A number of Alberta gold issues suffered as the price of gold dipped from $441 to $434(US) per oz in response to a reduced outlook for inflation. One of the biggest casualties was the International Ba…
Mine rescue awards reflect safety record of mining in B.C.
A mine rescue team from Cominco’s Sullivan mine at Kimberley, B.C., won top spot in the underground mining category in a recent province-wide mine rescue competition. A total of nine B.C. mines took p…