Cliff’s Green Hill mine in production
Toronto-based Cliff Resources (TSE) is putting one of North America’s biggest placer gold mining operations through its paces as it attempts to locate additional reserves along the Olinghouse mining d…
News
Michele Gold seeking funds for three drilling programs
VSE-listed Michele Gold Mines is attempting to raise funds for exploration on three properties, all in Ontario. The company has an option to earn a 49% interest from TSE-listed Cathedral Gold Corp. in…
Gordex to test mine potential
A 30,000-ft program is planned to test the underground mining potential of a wide gold zone, discovered earlier this year (N.M., Feb 29/88), about 1 km north of the open pit gold mine at Cape Spencer,…
Parquet drilling
Hole PC-93 of a winter drilling program returned 10 ft of 0.22 oz gold per ton and 32 ft of 0.31 oz, Parquet Resources (TSE) reports from its wholly-owned Courville Twp. property at Val d’Or, Que. The…
News in Brief (May 23, 1988)
Argo Development has changed its transfer agent to Guaranty Trust Co.
NIM’s prospectus will test CEIP
News that the federal government plans to introduce, at the start of 1989, an exploration incentive, or grant, scheme to help junior resource firms raise funds for exploration programs seems to have h…
Cove bid pays off for Echo Bay
There is obviously an element of luck in whether or not a deposit turns out to be large. But only if a company is out there rolling the dice does it stand a chance of winning big. At the McCoy/Cove go…
Bagdad permits still elude Mark V
Development work continues at the Bagdad gold mine in Granite Cty., Mont., where Mark V Petroleums and Mines (VSE) is planning to start a small 200-ton-per-day operation, June 30. While the Vancouver …
Alberta Stock Exchange Jen-Tek issue halted
Due to the higly unusual trading activity of the Jen-Tek Enterprises and Explorations issue, the Alberta Stock Exchange issued a halt trading order this week on the company’s shares. A press release b…
Belmoral Mines looks ahead to improved gold output
Although Belmoral Mines (TSE) had record earnings in 1987, both income and production were lower than expected. The company continues to look ahead, and is projecting gold output of 97,000 oz in 1990….
Stratmin testing
A recovery rate of 98.6% of crystalline flake graphite has been achieved from tests on graphitic material taken from a wholly- owned property located near Mont Laurier, Que., Stratmin Inc. (ME) report…
Investment comment TVX offers exposure to S. America
While car manufacturers and high tech specialists look to Japan and the Far East for innovation and higher productivity, precious metal mining companies, regard South America as the new land of opport…