Campbell Res. expands Cedar Bay gold mine
Gold production is to be expanded at the Cedar Bay mine in Chibougamau, Que. The 29-year-old gold-copper producer is to be deepened 1,000 ft to a working depth of 3,200 ft. Consequently, an additional…
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Citadel discovers new zone
A new ore zone has been discovered by Citadel Gold Mines at its property near Wawa, Ont. The zone occurs to the south of the existing Jubilee orebody, according to R. Campbell Todd, chairman. Estimati…
INVESTNEBT COMMENT Coxheath overlooked, report says
For investors looking around for a junior gold play with plenty of growth potential, Kleinwort Grieveson Securities Ltd. of London, England is recommending Coxheath Gold Holdings as a buy. While Seabr…
Nuinsco’s Cameron Lake ready for phase 2 ramp
We may be headed towards the cold months, but Toronto-based Nuinsco Resources is still in hot pursuit of hidden gold reserves. Just one week after announcing drill results from its Aldermac property i…
Dejour busy with several projects
Dejour Mines is involved with three diamond drilling projects. At Poirer, Que., Battle Mountain Gold is spending $500,000 of a $2-million program designed to test several gold targets on the property….
Newmont pushed to wall by gold-hungry Pickens
Analysts predicting that Newmont Mining Corp. would be pushed to the wall in its effort to stop Texas oilman T. Boone Pickens from taking control of the New York company, were proved correct this week…
Gold production on line for Mascot
Gold production during August at Mascot Gold Mines’ Hedley operation was 8,920 oz and September output is projected to be 10,000 oz, says the company. The mill is operating at design capacity of 2,700…
Westmin, Colony boost reserves at Blue Moon bet
Reserves at Westmin Resources’ Blue Moon project in California have increased by about one-third following a drill program. They now stand at 4.1 million tons (probable and inferred) grading 0.06 oz g…
Laurasia Resources
Laurasia Resources is making a rights offering to shareholders, under which each shareholder will receive one right for every share held. Each right will entitle the shareholder to subscribe for one u…
D. K. Platinum Corp.
D. K. Platinum Corp. is establishing a wholly-owned subsidiary based in the Channel Islands to facilitate and supervise the company’s international business operations, reports President Brian Gorval….
Honcho exploring gold play at Timmins
Vancouver-listed Honcho Gold Mines is taking on an interesting gold bet in the bustling Timmins area. It’s a 22-claim block in Bristol Twp. acquired from well-known local prospector R. E. Allerston, P…
Better times return for base metals
The outlook for base metals indicates sustained higher prices and company profit levels not seen since the early 1980s, Nesbitt Thomson Deacon states in a report titled The Revival of Base Metals. “Th…