Red Lake moves step closer to development
A new set of assay results from the Red Lake mine in northern Ontario has upgraded the quality of the reserve estimates for the mine’s High Grade zone and confirmed mineralization in three other areas…
Red Lake Mines
EXPLORATION – Juniors to drill Headway project
Companies exploring in Ontario’s Red Lake region have their eyes trained for high-grade gold deposits similar to those being mined and developed at the Red Lake and Campbell mines. Among the hopefuls …
MINING MARKETS & INVESTMENT NEWS — INVESTMENT COMMENTARY — Producers focus on cost-cutting in absence of gold rally
A year ago, mining companies talked mostly about their expanding reserves and resources. At the recent Mining Investment Forum in Denver, gold producers were grilled by mining analysts and fund manage…
Goldcorp feasibility shows drop in costs — Mine could produce from new zones at US$88 per oz.
Results of a feasibility study commissioned by Goldcorp (G-T) show that the new high-grade zones at the Red Lake mine in Balmertown, Ont., could be mined at cash costs of below US$100 per oz.The high-…
NEWS ROUNDUP — Goldcorp boosts Red Lake reserves
Ongoing definition drilling has enabled Goldcorp (G-T) to report a 47% increase in high-grade reserves at its Red Lake gold mine in northwestern Ontario.High-grade, probable reserves are calculated at…
GOLD AND PRECIOUS METALS — Rubicon tests extension of Red Lake gold trend
A recent drill program in the Red Lake area of northwestern Ontario suggests the structure that plays host to the camp’s two biggest mines has potential to hold more mineralization along strike.Rubico…
MINING IN CANADA — Goldcorp finds new gold zone at Red Lake mine
Underground drilling at the Red Lake mine in northwestern Ontario has expanded one gold zone and led to the discovery of another, Goldcorp (G-T) reports.The company recently completed 135 diamond dril…
Goldcorp acquires Wilanour
Shareholders of Wilanour Resources (WLR-T) have approved a proposed takeover by its major shareholder, Goldcorp (G-T).Goldcorp recently agreed to purchase 91% of the Wilanour shares it did not already…
Rubicon adds base metal and gold projects to portfolio
Vancouver-based Rubicon Minerals (RMX-V) has added a base-metal prospect in Alaska and a gold property in Ontario to its North American land package.In southwestern Alaska, the company has negotiated …
Goldcorp defines new shoots at Red Lake mine property
Exploration at the Red Lake mine of Goldcorp (G-T has defined several pipe-shaped structures in known high-grade zones and may have identified new mineralization near the mine’s western boundary.Thirt…
FACTS ‘N’ FIGURES — Canadian mines led in ’96
In 1996, the number of mine openings in Canada continued to exceed closures. During the year, there were 20 openings (14 new mines and six reopenings) and 17 closures (10 suspensions and seven permane…
NEWS ROUNDUP — Goldcorp tries again for Wharf
Ten months after withdrawing a merger proposal, Goldcorp (G.A-T) has made another offer to acquire the rest of Wharf Resources (WFR-T), operator of the Wharf and Golden Reward heap-leach gold mines in…