News

Huldra outlines high grade silver deposit near Hope

A high grade silver deposit is being delineated by Huldra Silver (VSE) at its Treasure Mountain property 55 miles north of Hope, B.C. Exploration to date indicates 118,000 tonnes of 32.03 oz silver, 8…


Free gold mixed blessing on Rand Malartic project

It’s not going to be easy to establish enough ore reserves at the Rand Malartic property about 15 km west of here to warrant a production decision, but should that decision be made, indications are th…


Silver surplus not likely to diminish

Higher prices for silver in 1987 may prove to be the precious metal’s undoing this year, with more of the metal making its way to the market. “Although silver consumption has been growing at around 2….


Skyline samples very high grade

Stope development at Skyline Explorations’ Johnny Mountain property in the Iskut River area north of Stewart, B.C., has encountered some very high grade gold values in the Discovery vein. Chip sampli…


Active staking in northern New Brunswick

Mining claim staking in northern New Brunswick has been active recently, says the New Brunswick Prospectors and Developers Association (NBPDA). Approximately 1,100 claims have been recorded along a fa…


Danra to start drilling program

A drill contract has been let by newly-listed Danra Resources (VSE) for a 6-hole program on a promising silver property in the Yukon. The 600-m program, scheduled to start early next month, will test …


Taiwan buying gold in bulk

In an effort to try to reduce its trade surplus, Taiwan is considering purchasing up to one-quarter of the world’s annual gold production, the news agency Reuter reports. Taiwan, which has foreign exc…


Centre fosters research

The Geomechanics Research Centre at Laurentian University in Sudbury is intended as a cornerstone of a centre of excellence in mining in Ontario, says Dr Peter Kaiser in a report made to the universit…


Uranium counts on new markets

The future for Canadian uranium lies in the continued growth of nuclear-powered capacity and continued access to the U.S. market, according to the president of Rio Algom (TSE) of Toronto. R. W. Ballme…



Potash Corp. reduces loss

It was a better year for Potash Corp. of Saskatchewan in 1987 but the Crown corporation still reported a loss of $20.7 million. In what might be considered a turnaround year, the company’s loss repres…


Montreal Exchange Northgate-Audrey deal

In a week of mixed trading highlighted by a flareup of fighting in the Persian Gulf involving Iran and the U.S. and a small rise in the gold price, the Montreal Exchange’s general market portfolio ind…


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