Latest Northair drilling at Willa extends zones
Assays from a recent 16,320-ft underground drill program completed at Northair Mines’ (VSE) Willa property in southeastern British Columbia show two extensions to the West zone. Consistently good resu…
News
Orex listed on ME
Incorporated in 1987, the junior- mining firm Orex Exploration of Rouyn-Noranda, Que., was recently listed for trading on the Montreal Exchange (symbol OX). The company has interests in a number of pr…
Strong assays cut by Gemlo, Central
Strong gold assays have been received by Hemlo Gold Mines from the company’s Eagle River property held under option from Central Crude Ltd. Located in the Mishibishu Lake area west of Wawa, Ont., the …
Amalgamation spurs Placer growth
Three new mines now under development will increase Placer Dome’s (TSE) gold production 40% to more than one million oz a year, President John Walton notes in the annual report. Much has been achieved…
Tremblay honored
An engineer at Quebec’s Centre de Recherches Minerales, Remi Tremblay, was recently honored at the 117th conference of the American Institute of Metallurgical and Petroleum Engineers for his work on c…
Half-dollar on way out
The 50-cent piece, not the most visible of Canadian coins and no longer the silver beauty it originally was, may soon disappear, according to the Royal Canadian Mint. Composed of 92.5% silver and 7.5%…
Saskatchewan says yes to Mahogany/Royex venture
The Saskatchewan government has given final approval to the Jolu gold project paving the way for the property to start producing gold before the end of 1988. The project, a joint of Mahogany Minerals …
Metal Prices FUTURES PRICES (April 18, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Apr 102.00 97.00 97.00 — 10.00 May 101.80…
Silverside boosts Garrison reserves
Drill-indicated reserves on zones 5 and 6 at the Garrison property (106 claims) in the Matheson area of northern Ontario have been increased to 400,000 tons grading 0.17 oz gold per ton, Silverside Re…
Nevada Goldfields shows net profit
For the quarter ending March 5, Nevada Goldfields (TSE) reports net profits of $329,897 on sales of $3,869,873. The company sold 8,441 oz gold and 17,581 oz silver from its Aurora and Kingston mines i…
Tusk gets option at Anglo-Rouyn bet
An option has been acquired by Tusk Minerals (ASE) to earn a 50% interest in the former producing Anglo-Rouyn mine, located 35 km northeast of La Ronge, Sask. From 1966-1972 the mine produced 72,000 o…
Queenston/Barrick get good results at Pandora bet
Partners American Barrick Resources (TSE) and Queenston Gold Mines (TSE) have received more encouraging drill results at the Pandora mine property at Cadillac Twp., Barrick said recently. Barrick says…