Modest gold producer seen by Kerr Addison,Abo
With all the hydrothermal activity taking place deep beneath this popular tourist area a short jaunt from Vancouver, it’s not surprising that somebody has discovered a gold deposit nearby. The propert…
News
Kingston mine improving Nevada Goldfields says
Mine operations at the Kingston mine, operated by Nevada Goldfields Corp., continue to improve, the company says. Located in Nevada, the Kingston mine is operating at a rate of 770 tons per day. Mill …
Obituaries Earl Joseph Devine
Earl Joseph Devine, who died in Oakville, Ont., Aug 29 after a lengthy illness, worked until a year ago as field superintendent with the Harrison Group. He was 74. He had been with the Harrison Group …
Brissenden offers to sell interest in White mine
A wholly-owned subsidiary of Sullivan Mines, Sullivan Resources, has received notice from one of its partners in the Arthur W. White gold mine in northwestern Ontario concerning a right of first refus…
News in Brief (October 05, 1987)
Duration Mines has completed a private placement with isa Pacific Gold Fund which netted the company $190,000. Duration issued 100,000 shares at $1.90 per share.
D’Or Val, bank reach agreement for bond issue
Agreement has been reached by D’Or Val Mines with Banque Indosuez, Geneva, Switzerland, for the placing of a convertible bond issue in the amount of 35 million Swiss francs (about $30.5 millionC) with…
Cons NRD to continue drilling cmapaign
Eight drill holes totalling approximately 5,125 ft have been completed on Consolidated NRD Resources’ Pinto South property near Val d’Or Que. The company says the gold-bearing intersections are simil…
Skylark gets hot play in Nevada’s Carlin trend
Skylark Resources has entered into an agreement with a U.S. company to earn a 60% interest in a claim block located within the Carlin trend in Nevada. The property is surrounded on two sides by Ameri…
Toronto Stock Exchange Volatile market records a small decline
With the composite 300 index off 7.3 pts at today’s close to 3,902.37 pts., the market continues to exhibit its volatile nature, which might best be illustrated by a gold and silver index that set a r…
Producers strive to keep costs low
Averaging costs in 1986 at 147 primary gold mines, Mine Development Bimonthly calculates that 50% of the gold cost less that $200(US) per oz to produce, with 75% of the gold produced at or under $230….
X-Cal discovers third gold zone
A third mineralized zone has been discoverd by X-Cal Resources on the company’s Tyax property in B.C. The claims are located in the Bralorne-Bridge River area. The new zone returned an average grade o…
News in briefs (October 05, 1987)
MFC Mining Finance says it will purchase VenturesTrident’s 25% joint-venture interest in Cactus Gold Mines’ operating heap-leach gold mine in California, 50 miles northeast of Los Angeles, in return f…