Gordex finds high grade near Cape Spencer mine
Two drills are this week probing a new high grade gold zone discovered by Gordex Minerals on the company’s Cape Spencer property northeast of Saint John, N.B., according to President Hal Pawson. The z…
News
Despite awkward location Inco on schedule at new mine
As northwestern Quebec was blanketed this week in yet another layer of snow, Inco Gold could well have re-named its first gold producer “frozen” pond instead of Golden Pond. A severe snow storm hamper…
Walter Baker named Prospector of the Year
Walter Baker, an 83-year-old Kirkland Lake prospector who first suggested to Donald McKinnon that claims around the cpr whistle-stop of Hemlo might be worth looking into, has been named Prospector of …
Abitibi Metals confirms down-dip extension
Two additional holes drilled in the vicinity of hole 87-15 have confirmed the down-dip extension of a gold-bearing zone discovered at the Jolin property in Carpentier Twp., 55 km northeast of Val d’Or…
Correction (February 29, 1988)
Equinox Resources has an option to earn a 60% interest in the Maude Lake gold deposit in Ontario. The deposit contains reserves of more than one million tons grading 0.2 oz gold per ton, not 0.1 oz as…
Two former producers Early ’89 production hope by Golden North and
Following its acquisition of a 57.54% interest in the Bralorne property, Golden North is looking forward to placing the former producing mine back in production in early 1989. The interest was acquire…
Metal Prices FREE MARKET (February 29, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Feb. 23 Feb. 22 Feb. 19 Feb. 18 Feb. 17 Copper 1235-1238 1270-1275 1310-1315 1386-1388 1416-1420 L…
Golden Terrace releases pre-Christmas results
Toronto-listed Golden Terrace Resources continues to produce some good results from drilling at its Richardson Lake project 70 miles east of Red Lake, Ont. With results from pre-Christmas drilling jus…
Seadrift drilling
Encouraging partial assays have been released by Seadrift International Exploration of Vancouver from hole DDH 88-2, which was drilled to 1,600 ft on the 100%- owned Aldermac-Noranda massive suplphide…
Agnico-Eagle denies claims of withholding information
Claims by Noranda Inc. that exploration information about a gold property in northwestern Quebec was withheld prior to the sale of shares in one of the companies involved have been denied by Agnico-Ea…
Chibougamau deal one aspect of Greenstone style
How does this deal sound? Buy a land holding consisting of 81 claims groups for $300,000 cash and 474,920 shares valued at about $1.2 million in total. Then, within a year, farm-out a 50% interest in …
American Pacific reactivates mine
In the 1970s the Honduran government imposed an onerous tax burden on Rosario Resources (a subsidiary of Amax Inc.) which led to the closure of its El Mochito mine, a major lead-zinc- silver producer….