Investors have greeted budget day with a quiet “so what?” as the composite inched forward a scant 0.14 pt today to close the week at 3,560.03. This is in stark contrast to what was happening earlier t…
A 22-hole diamond drill program totalling 6,750 ft has been completed on the Golden Grove flake graphite deposit located northeast of Saint John, N.B., by Vancouver- listed Glenvet Resources. The dril…
With revenues totalling some $63.7 million, Equity Silver Mines managed to post a modest profit of $22,000 last year, compared to $230,000 in 1985. Fourth-quarter earnings of $605,000 offset losses in…
Surface diamond drilling is scheduled to begin immediately on the old Lovitt mine property at Wenatchee, Wash. Vancouver-based Grange Gold Corp. holds a 50% interest in the Lovitt Mining Company which…
I am endeavoring to locate the daughter of the late mining pioneer, Horace G. Young, (1881- 1966). I believe she is Mrs Wilhelmina Charlton, last known living in Calgary, Alta. I represent the Red Lak…
Though he’s only been with the Prospectors and Developers Association a matter of weeks, the Association’s new executive director, Alan Bossin, is quickly learning the ropes. He’s had to. He came in f…
Breakwater Resources has agreed to sell 1.2 million of its shares to Loewen Ondaatje McCutcheon and Company of Vancouver to raise $7.92 million. These funds will be used to pay Cannon mine capital cos…
With assay results in for 35 holes and an additional 45 holes still to be drilled and/or assayed on its Cape Spencer gold mine northeast of Saint John, N.B., Gordex Minerals, Canada’s first heap leach…
A $1-million exploration program is under way at the old Silver Queen Mine near Houston, B.C. The property falls under a joint venture agreement between Houston Metals and New Nadina Explorations. Reh…
The first phase of exploration at the Reid Mine project near Redding, Calif., has been completed by Terramar Resource Corp. The underground workings at this former producing gold mine have been dewate…
Vancouver-listed Proteus Resources has concluded an option agreement with Kerr Addison Gold Mines to purchase Kerr’s 50% interest in an 88-claim gold property in Garrison and Thackeray twps., Ont. for…
Exploration drifting underground at the Magnacon joint venture in the Mishibishu Lake area of northern Ontario is continuing to turn up gold values on the 300-ft level. In the joint venture, Muscocho …
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