Golden Reward fight could be ended soon
An agreement in principle has been reached between the various parties involved in an ownership dispute over the Golden Reward gold project in South Dakota. Coin Lake Gold Mines says that all the part…
News
New gold zone for Snow Lake
A new gold zone discovery was recently announced by Snow Lake Mines on its Birch zone property located two miles from Snow Lake, Man. The new zone is approximately 4,000 ft north-northwest of the comp…
Malartic boosts income slightly
A net income of $l,896,478 (54 cents per share) was reported by Malartic Hygrade for 1986 compared with $1,892,747 (54 cents per share) for a year earlier. Cash flow from operations in 1986 was highe…
Goldenbell to raise about $25 million for Pine Tree project
Goldenbell Resources Inc. says under a private placement arrangement Sonora Gold Corp. will purchase 9,259,000 shares of Goldenbell at $2.70(US) per share. Goldenbell says the deal is contingent on co…
Purity is key
High purity separated rare earths are the key to growth in the rare earths industry, Roskill News reports in a recent bulletin. “With prices up to one thousand times those of mixed rare earth compound…
Underground program in the cards for alevon
Some high grade gold values have been encountered in an underground drifting program at Levon Resources’ Congress property near Goldbridge, B. C. Assays from a 36-ft section in the Howard vein structu…
Blackberry outlines gold-platinum gravels
Blackberry Gold Resources says that drilling and test pitting have indicated 820,000 cu m of gold-platinum- bearing gravels on its property near Princeton, B.C. Values range from $1.27 to $7.22 per m …
Lawsuit still hovers Lac’s drilling delivers at Doyon
The results are in on the second hole of the deep drilling program at the Doyon mine and they carry important tonnage implications for this northwestern Quebec gold mine. Joint venture partners Lac M…
17 Canadian gold properties ready to go into production
Seventeen Canadian gold mining projects have been given the green light to go into production which, combined, will add almost a million ounces of gold to the country’s annual output. All but five of …
$1.1 million targetted on Mets in Toodoggone
An exploration budget in excess of $1.4 million is being evaluated by Golden Rule Resources and Manson Creek Resources for the Toodoggone area of north-central B.C., says Manson Creek President Glen H…
Black Swan Gold confirms tonnage at Australian bets
Recent drilling has confirmed the tonnage and grade of three gold deposits at Black Swan Gold Mines’ Gabanintha project in Western Australia. In addition, the drill program delineated approximately 16…
Drilling due to start on Thompson- Lundmark NWT gold project
A 14-hole diamond drilling program will be carried out this year on the formerly-producing gold property of Consolidated Thompson-Lundmark Gold Mines at Thompson Lake, N.W.T. The work will be done by …