Red Lake strike hurts Goldcorp
The suspension of operations at the Red Lake gold mine in northwestern Ontario was responsible for a jump in cash production costs, Goldcorp (G-T) reports.The mine ‘s production for the second quarter…
1996
STOCK MARKETS — Western markets stay the course
The Vancouver Stock Exchange composite index remained relatively unchanged over the report period ended Aug. 13, closing at 1,134.06 for a 1.14-point gain. The resource index rose 11.01 points to 2,15…
NEWS IN BRIEF (August 19, 1996)
Golden Gram Resources (GRA-M) has been listed for trading on the Montreal Exchange. The company holds an option on the Desjardins gold property in northwestern Quebec.
Mispec drills new gold-mineralized zone at Jampang property
Mispec Resources (MPE-M) has outlined a zone of gold mineralization on its 7,700-ha Jampang property in West Java, Indonesia.Acquired earlier this year, the property hosts gold workings and untested a…
ODDS’N’SODS — A close shave
In the winter of 1934-35, bush pilot Ted Stull, flying a Fairchild 7l aircraft, made regular runs to the Gods Lake and Island Lake gold mines, which were situated in north-eastern Manitoba.One day, in…
COMMENTARY — Voisey’s Bay II:Expect the unexpected
Nearly 40 years ago, prospector Stan Hilditch climbed to the top of a desolate, humpbacked mountain in the Pilbara of Western Australia to make anastonishing discovery.Hilditch was looking for mangane…
DIAMOND NEWS ROUNDUP — De Beers reports record sales
Diamond mining giant De Beers Consolidated Mines reports that a “positive mood in the market” during the first half of 1996 resulted in record sales of US$2.75 billion and an 18% increase in earnings….
Patrician defines targets in Ghana
With only sparse outcrop exposure on its Goaso licence in southwestern Ghana, Patrician Gold Mines (PXX-A) has had to rely on select exploration tools to guide its search for gold mineralization.The c…
Drilling under way at Willoughby gold property
The first five holes of underground drilling at the Willoughby gold project near Stewart, B.C., have traced the North zone 230 ft. downdip from surface.Situated in the Red Mountain area, the project i…
GREATEST VALUE TRADED, August 7-August 13
ExchgValue($000s)HighLowCloseChangeArequipa ResT1…
Toronto Stock Exchange Indices (August 19, 1996)
1996Aug 13Aug 12Aug 9Aug 8Aug 7HighLowComposite”3…
Epworth results in hand
Results were released by Rhonda Mining (RDM-A) for two targets drilled earlier this year by a unit of Noranda (NOR-T) at their 50-50 joint-venture Epworth project, 90 miles south of Coppermine, N.W.T….