St Andrew reactivates Hislop gold project
St Andrew Goldfields (SAS-T) is one step closer to rejoining the ranks of producers, following the start of test mining at its Hislop gold project in the Matheson area of northern Ontario.Hislop is on…
Black Fox Mine
Can the smaller gold producers survive?
The following is the first of a 2-part overview of how junior and mid-tier gold mining companies are coping in today’s low-price environment.Not since the gold bubble of the early 1980s has the London…
St Andrew posts quarterly loss
Although it enjoyed exploration success in the first quarter, St Andrew Goldfields (SAS-T) was not so lucky financially.In the three months ended March 31, the Toronto-based junior lost $453,676 (or 2…
Partners brighten Glimmer mine
Partners Exall Resources (EXL-T) and Glimmer Resources (GME-V) are continuing development efforts at their producing Glimmer gold mine near Matheson, Ont.This year’s programs will include 35,000 metre…
CORRECTION (February 01, 1999)
The reserve figure quoted for the Glimmer mine in our Jan. 18 issue was incorrect. The mine, situated in northeastern Ontario, has reserves of 1.3 million tonnes grading 10.3 grams gold per tonne, plu…
New mine openings were the silver lining in cloudy ’98
The global economy took a beating in 1998, perhaps the worst year for commodity prices since 1991, and the outlook for 1999 is believed, by many, to be lacklustre at best. In many cases these hardship…
EXPLORATION — Juniors to drill Hyslop property
Partners BMA Mining (BMA-V) and Cypress Minerals (CYP-V) have launched a 5,000-ft. drill program at their Hyslop property near Timmins, Ont.The program is designed to test two induced-polarization tar…
St Andrew finds more gold at Taylor — Stepout drill results confirm project’s potential
Junior St Andrew Goldfields (SAS-T) continues to intersect mineralization at its Taylor gold property near Matheson, Ont.Six holes drilled in the Upper West Porphyry zone returned at least one gold-be…
Partners boost Glimmer reserves
Minable reserves at the Glimmer gold mine, near Matheson, Ont., have increased by one-third over previous estimates.Majority owner and operator Exall Resources (EXL-T) now pegs the mine’s reserves at …
Glimmer development yields revenue
A bulk-sampling program at their Glimmer mine, near Matheson, Ont., has produced 39,852 oz. gold for partners Exall Resources (EXL-T) and Glimmer Resources (GME-V).Proceeds from the sale of that produ…
Glimmer dispute remains unresolved
A court ruling has both sides of a mine ownership dispute claiming victory once again.The Glimmer gold mine in northeastern Ontario is held 65.35% by Exall Resources (EXL-T), with the remaining intere…
Glimmer achieves commercial production
Company officials and visitors examine core from the Glimmer mine.New Year’s Day 1998 will mark the start of official production for the Glimmer mine project in northeastern Ontario.Operator Exall Res…