Newmont claims richest hole ever
A 1,040-ft drill intersection from Newmont Gold’s Post deposit near Elko, Nev., may be a candidate for the Guinness Book of World Records. Weighing in at 0.495 oz per ton, including 470 ft at 0.93 oz …
News
Editorial Mining leads the way
Many see mining as part of Canada’s past, an anachronism that has no place among the high-tech and service industries of Canada in the twentieth century. The truth is, however, that mining is a lead…
Thierry equipment sale
The final equipment from the shutdown Thierry copper mine near Pickle Lake, Ont., is being sold by owner Umex Inc. Since shutting down in 1982 as a result of weak copper prices, the Thierry mine was k…
Goldcap attempts to finance B.C. joint venture projects
After filing a private placement to fund exploration on one of its British Columbia gold properties, Alberta-listed Goldcap Inc. is attempting to attract a financier for work on another. In a bid to r…
Odessa plans drilling Arizona heap leach bet
Several drill targets have been outlined and a $120,000 program is planned on Odessa Explorations’ Warsaw Canyon heap leach prospect in Santa Cruz Cty., Ariz. Six anomalous zones have been discovered …
Noranda/Int’l. Impala drilling Paquet bet
Three holes have been completed in the diamond drilling program by Noranda Exploration and International Impala on their Bradley Option property on Newfoundland’s Baie Verte Peninsula. The drilling co…
Vancouver Stock Exchange Sluggish economy keeps gold down
Lower gold prices are having a very negative impact on the Vancouver market which has still not recovered from the Oct 19 crash. Analysts conclude that forward sales have probably capped gold prices f…
Letters to the Editor Negative column?
Enclosed are copies of a couple of mvp Capital Corp.’s weekly market bulletins by Ian McAvity. Their tables reflect significant market facts for gold investors. These I never would have suspected had …
People (February 08, 1988)
Bralorne Resources — W. F. Limin appointed president and chief executive officer succeeding F. W. Fitzpatrick who is retiring after 17 years with the company.
Armeno on ME
Vancouver-based Armeno Re sources, active in the exploration of mineral claims in Canada and Ecuador and with oil and gas interests in western Canada, was recently listed on the Montreal Exchange. In …
Montreal Exchange: Prices in decline (February 08, 1988)
A falling gold price meant nothing but bad news for resource companies this week, with the mining and minerals index experiencing four consecutive days of decline, including an almost 46-pt drop one d…
Northgate buys 20% interest in Chelsea Res
While the ink is still drying on an agreement to sell its mining arm to a subsidiary of Australia based Western Mining Corp., Northgate Exploration of Toronto has gone shopping. Not content to sit aro…