A deep drilling program is planned on Sutton Resources’ (VSE) Creede, Colo., silver prospect following an option agreement with Denison Mines (TSE). Denison has an option to earn a 55% interest in the…
It’s not likely that conflicts over land-use policy will ever be resolved. The debate about how strict regulations should be governing extraction of natural resources on public land will always be in …
For the third week in succession, investors placed their bets on International Baslen Enterprises’ 3,000- acre gold property in the heart of Val d’Or Que. With established reserves in place and explor…
Despite a work interruption at the Little Bald Mountain mine in Nevada, higher gold prices enabled Ireland-based Ennex International to report a slight increase over 1986 revenues. Ennex holds a 22% i…
Bachelor Lake Gold — Quebec Sturgeon bought 25,000 to hold 3,866,666. Brenda — Noranda bought (private) 29,478 to hold 2,340,020. Canadex — J. Riddell bought 60,000 to hold 152,000. Carolin — J. B…
Three related companies in the energy and mineral resources industries reported healthy profits for 1987. Conwest Exploration (TSE) recorded net income of $33.9 million ($3.01 per share) compared with…
Early results from a 33,500-ton bulk sample at the Francoeur gold property near Rouyn-Noranda, Que., have partners Rouyn Mining Resources and Lac Minerals excited. The bulk sample should be finished b…
Ongoing underground exploration is boosting reserves at Gunsteel Resources’ (VSE) Nugget property near Salmo, B.C. Latest calculations show a total of 223,700 tons of ore grading 0.331 oz gold per ton…
While it has yet to come up with a viable gold deposit, Bow Valley Industries (TSE) spent $1.7 million last year on a number of exploration projects. In a bid to add a gold production wing to its oil …
Gold production is expected to total 90,000 oz at Sonora Gold Corp.’s Jamestown operation in California this year. The mine, which is operating at 6,000 tons per day, is producing 7,500 oz of gold per…
Eleven years ago a significant gold discovery was made near Quesnel, B.C., which later became known as the QR deposit. Dome Exploration, which has since been absorbed into Placer Dome (TSE), evaluated…
Toronto-based Orofino Resources (TSE) is making signficant progress on a couple of gold properties in north and northwestern Ontario, the company said recently. An 18-hole drill program at Orofino’s J…
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