$10-million agreement keeps Colomac on track
In the nick of time, Neptune Resources of Toronto has lined up the $10 million it needs to bring equipment and supplies over an ice road to its isolated Colomac property at Indin Lake north of Yellowk…
News
New report and map on deep sea deposits
A report and map providing comprehensive coverage of the nature and distribution of recently formed metallic mineral deposits on the deep seabed have been released by the Geological Survey of Canada. …
Cominco Resources profits from Buckhorn
For the first nine months of Cominco Resources International’s 76.4% ownership of the Buckhorn gold mine in Nevada, its share of income from the heap leaching operation was $5.3 million. The company’s…
Erratic grades at Ego
Drilling by Ego Resources on the West Main property near Wawa, Ont., has encountered erratic gold values. Grades ranged from 1.2 oz gold per ton across one ft to 0.12 oz in a 19-ft section. Assaying o…
Rex Silver taken to task by the Vancouver Exchange
The Vancouver Stock Exchange has taken exception to statements made by Rex Silver Mines about its Scoria property in northern Arizona. The vse has refused to accept filings or disclosures from any lis…
Overseas Platinum gets Ecuador gold property
Joint venture partners Overseas Platinum and Wright Engineers have acquired the Las Playas gold-platinum placer prospect in Ecuador. The property was purchased for 100,000 shares and a commitment to s…
Pegasus retreats from Nevada bet
Pegasus Gold, which pioneered many aspects of heap leaching in the United States, has decided not to participate in the Zaca gold property of Cali fornia Gold Mines. The pullout appears to be a major …
Valentine in Arizona
Valentine Gold Corp. has acquired a gold prospect in Gila Cty., Ariz. The terms of the acquisition include a payment of $20,000 and explora tion expenditures of $125,000 over an 18-month period. Gold …
Pacific Minesearch discovers new zone
A new mineralized zone has been discovered in latest drilling by Pacific Minesearch on its Howie gold project near Charlotte, N.C. The 16,000-ft drill program has concentrated on delineating reserves …
Cove falls short as Echo turns in results
A 50% increase in ounces poured over the last 12-month period and a 20% hike in the price of the yellow metal reflects well on the bottom-line results of Echo Bay Mines, released this week. But result…
Nickel Plate to push Lacana over 100,000 oz gold in ’88
The future for Lacana Mining can only get better. The Toronto-based mining company, which in fiscal 1987 produced 39,000 oz gold (and about 781,000 oz silver) from its share of several North American …
Golden Range encouraged at Hudvam
Toronto-based Golden Range Resources has reported a significant drill intersection from the Hudvam polymetallic property which it acquired recently as part of a backdoor agreement with Mingold Resourc…