Hope Brook find
A new gold discovery has been made by Hope Brook Gold near the company’s gold mine in southern Newfoundland. Drilling 1,000 m west of the mine has encountered a mineralized zone at a depth of 400 m. S…
News
Uranium located at SMDC bet
Uranium mineralization was discovered during drilling at the Key Lake district in northern Saskatchewan where the Saskatchewan Mining Development Corp. is involved with five joint venture partners, an…
Wrightbar financing
An $800,000 financing agreement has been arranged between Wrightbar Mines and CMP 1988 Resource Partnership and Co., Ltd. at 95 cents per share. The money will be used on exploration work at the compa…
USMX gets OK for Nevada mine
USMX Inc., a Denver-based company, says it has been given the green light by the U.S. Bureau of Land Management to proceed with construction on its Green Springs gold project in Nevada. Ground breakin…
St. Genevieve, Augmitto finish second drilling
A second drilling program of 23 holes representing 16,850 ft was recently completed by St. Genevieve Resources and Augmitto Explorations on the Parbec property, located about two miles west of Malarti…
Gold Ridge tests unique gold recovery method
Using technology developed in the oil fields, Gold Ridge Resources is testing a new way of recovering gold at its Wingdam deep channel placer gold deposits located near Cottonwood in north-central Bri…
HBM&S turns profit in ’87
Net income of $39.3 million on revenues of $342.6 million was reported by Hudson Bay Mining and Smelting in 1987, compared to a net loss of $20.2 million on revenues of $291.2 million in 1986. Preside…
Card Lake results
Encouraging results have been received by Card Lake Resources from the company’s gold property in German Twp., Ont. Located north of the operating Aquarius gold mine, the Card Lake claims were tested …
SMDC confirms Fork Lake zone
Infill drilling completed by Saskatchewan Mining Development Corp. on the Fork Lake gold property in Saskatchewan, has confirmed the continuity and high grade nature of the zone, the company says. Par…
Prime Group firm bids for Delaware Resources
One of Murray Pezim’s Prime Group companies has moved to take control of Delaware Resources Corp., whose principal asset is the snip gold project near Stewart, B.C. Colossus Resource Equities has made…
News in Brief (March 28, 1988)
Charlim Explorations has changed its transfer agent to Guaranty Trust Co.
Highland Valley mine in full swing
At the current mining rate, it would take less than a year for the Highland Valley Copper partnership to deplete an orebody the size of Hemlo. About a quarter of a million tons of ore and waste are mi…