Most gold deposits in Nevada’s Carlin trend are associated with north-south-trending normal faults in both upper and lower plate rocks adjacent to the Roberts Mountain thrust fault. In recent years, h…
The level of exploration activity in British Columbia was up sharply last year, according to the B.C. & Yukon Chamber of Mines. Charles A. Aird, president, told the chamber’s annual meeting that 1987 …
With major programs completed on several of the company’s properties, 1987 was a busy year for Consolidated Silver Standard Mines, shareholders learned at the annual meeting. Approximately $1 million …
Joint venture partners Amir Mines, Normine Mines and Glamis Gold have agreed to form a new operating company, Idaho Gold Corp., to develop two Idaho heap leach properties. The new company will be own…
A basal till sampling program has identified 28 geochemical gold anomalies in the Eastmain River area of Quebec, Eastmain Resources says. Of the 28 anomalies, 21 will be followed up with more sampling…
A private placement with a company director has been reduced to 100,000 common shares at $1.10 per share because of current market conditions, Kewagama Gold Mines (Quebec) reports. Also, subject to re…
A joint venture agreement between Pacific Sentinel and Homestake Mineral Development gives the latter the right to earn a 60% interest in the Churchill gold project located 38 miles west of Churchill,…
OK Tedi Mining Limited has been dogged by misadventure. No one foresaw the hazards of building a mine so inaccessible, cursed by such a wretched climate, with an annual rainfall of eight to nine metre…
Over-all it was a very good year for Pioneer Metals which reported net income for 1987 of approximately $4.1 million or 31 cents per share. This compares to earnings of $2.2 million or 27c a year ear…
The Tillicum Mountain gold property of Esperanza Explorations should see production early in 1989. The property is near Burton in southeastern British Columbia. The project, to cost an estimated $5 mi…
Galactic Resources reports net income of $1.8 million(US) or 7 cents per share for 1987 compared to a $25.6-million or $1.30-per-share loss a year earlier. The company’s fourth quarter net was $1.4 m…
The significance of gold in the reserves held by central banks is often overlooked. This may be because these gold bullion holdings are often included in official statistics at artificially low valuat…
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