News

Perhaps Quintette Coal is indulging in a bit of mid-negotiation posturing when it says it may have to close its northeastern British Columbia coal mine unless it can resolve differences with its partn…

Springlake Resources has acquired a 50% interest in a property in the Revelstoke area of B.C. The interest was sold by Albury Resources. Located in the Camborne mining camp, the area produced 17,487 o…

Peter Island Resources has entered into an option agreement with Shoilia Resources whereby Sholia may earn a 51% interest in Peter Island’s 42 claims located at the Tabor Lake area in Ontario’s Kenora…

** advised ** Changes in production and use patterns around the world are causing profound changes in the U.S. mining industry which, by consolidating its efforts, should rid itself of obsolete plants…

St. Genevieve Resources and Societe en Commandite Sofimines 1987 have entered into an agreement whereby Sofimines will contribute $326,400 towards the former’s exploration programs in exchange for 65,…

An impressive-looking zinc discovery has been made west of Watson Lake, Yukon, by Fairfield Minerals and Getty Resources. Only a portion of the structure hosting the deposit has been tested and geolog…

The recent rise in copper prices couldn’t have come at a better time for Audrey Resources, which recently started producing underground at its Mobrun polymetallic mine in northwestern Quebec. The comp…

Encouraging drill results are coming from a broad 2,460-ft long strongly altered zone on the Lac Rouleau property, partners Falconbridge Ltd. (51%) and Beaufield Resources (49%) say. The claims are pa…

Additional drilling is slated in l988 on Faraway Gold Mines’ Sam claim group near Equity Silver’s mine southeast of Houston, B.C. Preliminary results from a $500,000 program carried out this year, in…

American Barrick Resources could be the first Canadian mining company to top one million oz in annual production with its output coming solely from North America, says a report by Merrill Lynch mining…

For the first time since copper prices began to weaken in 198l, Gibraltar Mines has reported a 9-month profit. Earnings were $963,000 or 8 cents per share, compared to a loss of $3,470,000 or 30 cent…

Following a successful $1.5-million spring program of drilling and development work, Golden North Resources is spending a further $617,000 to drill the Canty East target area of its Nickel Plate Mount…