Teeshin mine production anticipated by June ’88
Production from the Dome Mountain property near Smithers, B.C., is expected to begin by next summer, Teeshin Resources says. Teeshin holds a 37.5% fully diluted interest in the project. The remaining …
News
Moneta Porcupine raises over $2m.
Moneta Porcupine Mines reports it has completed financings yielding more than $2.3 million, to be used in exploration and property acquisition. The company says private placements in May of $270,000 f…
Geraldton-Beardmore booms
The entire Geraldton-Beardmore greenstone belt, which in its heyday boasted a dozen producers that turned out over four million ounces of gold, is once again bustling under a full-scale exploration bo…
Robex planning barite project
A subsidiary has been formed by Robex Resources of Quebec City for the purpose of bringing into production a barite deposit located in Upton Twp. in Quebec’s Eastern twps. The company hopes to have th…
Vancouver Stock Exchange Promising results from Congress
Trading continues to be active but with gold hovering at $460- $465(US) and supposedly poised to make a run at $500, investors seem to be taking a moment for reflection. The vse index on the week clos…
Queenston to confirm chairman’s confidence
While Queenston Gold Mines Chairman Hugh Harbinson stops just short of saying that his company is about to become another Canamax Resources, he confesses to being extremely optimistic about the compan…
Ex-Terra earning property option
A joint venture to explore the Crawford gold property located midway between Red Lake and Pickle Lake in northwestern Ontario has been entered into by Gabbs Resources and Ex-Terra Resources. Ex-Terra …
Alberta Stock Exchange Gold volumes down
While market indexes in Montreal and Toronto reached levels which have alarmed experienced market watchers, there was little to fear from a comparatively modest session on the Alberta exchange. After …
Hemlo area prospect being explored by Consolidated Reactor
Consolidated Reactor Uranium Mines, (which plans to change its name to Canaustra Gold Exploration), says it has started a phase-1 exploration program on its gold prospect in Ontario’s Hemlo area. The …
Pegasus, California in joint venture
A joint venture is being arranged between California Gold Mines and Pegasus Gold for the purpose of placing the Stewart Outcrop zone into production on California Gold’s 100%-owned Zaca property locat…
Atlantic Report Atlantic Goldfields in the swim
Gold exploration at mid-summer has been marked by new companies emerging on the Atlantic Canada mining scene and an established company expanding its operations into another industry. Atlantic Goldfie…
Barrick denies play for Placer
A street rumor which has American Barrick Resources making a play for an interest in Placer Development has been denied by a senior American Barrick official. Placer is part of a proposed amalgamation…