Freeport Gold considers shaft on first project
A number of diversified mining companies have spun off separate gold mining entities in the past two years and the results have tended to be secretive, slow-moving corporate entities. Freeport-McMoRan…
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Royex gold production to exceed 110,000 oz LKD
Moving closer to its objective of becoming a substantial, low-cost gold producer, Royex Gold Mining Corp.’s annual share of production should exceed 110,000 oz this year and 200,000 oz in 1988, says P…
Gold-bearing zone discovered by Parquet on Courville bet
A new northwest-southwest- striking gold-bearing zone has been outlined in the current diamond drilling program on Parquet Resources’ 2,000-acre gold property in Courville Twp., in the Val d’Or area o…
X-Cal is encouraged by Snowbird results
Encouraging intersections have been returned from drilling on the Snowbird property of X-Cal Resources in British Columbia’s Omenica mining division, the company reports. President Shawn Kennedy says …
Drilling slated on HSK’s Aloigny bet
A total of eight drill holes representing approximately 4,000 ft of drilling is planned to be completed by the end of February on HSK Minerals Aloigny Twp property in the Casa Berardi area of northeas…
Montreal Exchange NA Rare comes alive
Drilling results from Casa Berardi pushed North American Rare Metals up for the second straight week. It closed at 53 cents , up 18 cents on the week, on 876,700 shares. North American, controlled by…
Report from Calgary Bighorn bullish on gold bet
An up-to-date information release by Bighorn Development Corp. paints an encouraging picture for the development of the company’s Island Lake gold project in northern Manitoba. Further rehabilitation …
Denison realizes profit of $44.6 million in ’86
It was a tough year for Denison Mines in 1986, perhaps the toughest ever, but judging by the bottom line the company met adversity head on and came out a winner. Drastically lower oil prices and ongoi…
MSV’s recalculation ups grade, cuts tons
Some number crunching done by MSV Resources, a star performer on the Montreal Exchange in recent weeks more than doubling in value, has reduced tonnage but increased grade of reserves on the Eastmain …
Augmitto, Bay outline reserves on Quebec bet
A preliminary reserve calculation for the Fourax II property shared equally by Augmitto Explorations and Bay Resources and Services, concludes the property has possible reserves of 675,000 tons gradin…
Audrey to spend $8 m. on Mobrun
A commerical production decision is expected on Audrey Resources’s optioned Mobrun property near Rouyn, Que., once an $8 million exploration program is completed this June, reports president Guy Heber…
Galactic output off, company predicts gain
Despite some serious difficulties which caused a large production shortfall last year, Galactic Resources has managed to continue leaching through the winter months at its Summitville gold property in…