Aunor Res. reports low grade gold
Aunore Resources has announced the first results of exploration programs on its Puiseaux properties in the Casa Berardi area and its Hebecourt property northwest of Rouyn- Noranda. In a small drill pr…
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Canamax plans exploration program
A $500,000 exploration program is slated for the Kremzar gold proper ty, operated by Canamax Resources. Joint venture partner Kremzar Gold Mines says it will participate on a 50/50 basis. The property…
Shannon Energy/Preussag explore Watson Lake bet
Calgary-based Shannon Energy has entered into a $1.5-million explora tion agreement with Preussag Canada on two groups of mining claims located at Watson Lake in the Matagami mining camp of Quebec. Pr…
High grade hole by Manson Creek
Another high-grading drill section has been pulled by partners Manso n Creek Resources and Golden Rule Resources from their Mets gold property in the Toodoggone area of British Columbia. The hole cut …
Flanagan cuts gold values on Chibougamau property
Drilling on Flanagan McAdam Resources’ Gwillim Lake property in the Chibougamau area of northwestern Quebec has intersected significant gold values, the company says. The latest hole, No 86-4, returne…
Gold production up by 30% at Agnico’s mid-year mark
With one record year under its belt, Agnico-Eagle Mines appears well on its way to achieving another. For the six months ended June 30, the company’s gold division produced at an all-time peak in tons…
Underground drilling set soon for Goldpost
Goldpost Resources says it has completed the portal for a decline on its Hislop Twp. property, about 45 miles east of Timmins, and has let a contract for the first phase of the decline, for 1,200 ft. …
BARRICK’S NEW ISSUE FEATURES GOLD WARRANTS, INSTALMENT PLAN
American Barrick Resources has filed a preliminary prospectus with t he Ontario Securities Commission for a new issue of two million units at a price of $21.50 per unit, each unit to comprise one comm…
Editorial Strikes threaten B.C. economy
British Columbia has a history of labor unrest which, to a large extent, disappeared during the recent recession. Mass layoffs in forestry and mining because of low commodity prices appeared to hit ho…
Teck set to reopen Newfoundland Zinc
With zinc prices firming at the 40 cents (US) per pound range, Teck Corp is said to be planning to reopen the Newfoundland Zinc zinc mine at Daniel’s Harbor, Nfld. Production at the mine, 63% owned by…
Gunner gets option on Sweany claims
An option agreement has been signed between Sweany Gold Corp. and Gu nner Gold which gives the latter company the right to earn a 75% interest in Sweany’s Beardmore, Ont., area gold prospects. Gunner …
Obituary Carl Bischoff
Well-known mining consultant Carl Bischoff has died in North Bay, On t., at the age of 75. Born in Rome, N.Y. in 1911, Mr Bischoff was for several years employed as the chief engineer for Noranda Mine…