Milling of ore at a rate of 6,000 tons per day from the Harvard open pit is scheduled to begin this week at Sonora Gold Corp’s Jamestown gold mine in California. For the management of Sonora, the anno…
Additional surface diamond drilling is being performed by Aunore Resources and partner Nova Beaucage Mines on their joint ventured Elder mine property near Rouyn, Que. The work is designed to test f…
The first underground drill hole, completed from the 1,800-ft level of the shutdown Lamaque gold mine near Val d’Or, Que., has intersected encouraging gold mineralization, partners Teck Corp. and Tund…
Some 200 open pit mine engineers and operators met in Calgary, Nov 6 and 7, to exchange information and ideas with geotechnical consultants and university professors on the economic and safe design of…
Above-average grades are being cited as the main reason behind the improved gold production at the Bachelor Lake Gold Mines property near Demaraisville, Que. For the third quarter ended Sept 30, the m…
A mineralized section more than 55 ft wide was intersected in hole 86-2 on Rambo Explorations’ Turgeon property in northwestern Quebec’s Massicotte Twp. The company says the hole confirms the extensio…
The Montana Tunnels project will be the first conventional mining operation for Pegasus Gold which has built a solid reputation for processing low grade gold ores by heap leach methods. Located about …
Precocious American Barrick Resources, already a darling of North American gold stock investors and not yet three years old, has boldly grabbed a substantial stake in Consolidated Gold Fields. Barri…
Taywin Resources has stripped and trenched a bonanza gold and silver discovery on Vancouver Island. Further exploration is planned including percussion and diamond drilling, says J. Donald Graham, pre…
Gold’s role as the currency of last resort is being enhanced by a growing trend among financial institutions to finance mine development through gold loans. Gold loans work this way. A bank lends a co…
Bill C23, tabled in the House of Commons on Nov 7, contains measures to implement the alternative minimum tax (AMT) announced in December, 1985. When this bill is passed, the AMT measures will become …
Control of Consolidated Marcus Gold Mines will pass to a private investor, Wilanour Resources says. Wilanour, which has a 65.5% interest in Marcus, agreed to sell the interest for $40,000. Before sell…
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