CanAmerica seeking B.C. gold interest
CanAmerica Precious Metals says it has an option-joint venture agreement with Golden Rule Resources under which CanAmerica can acquire a 50% interest in Golden Rule’s Eldorado Mountain property in sou…
News
SMDC and partners to drill Jojay bet
A $450,000 exploration program will be carried out on the Jojay joint venture project located north of La Ronge, Sask. Partners, the Saskatchewan Mining Development Corp. (51%), Claude Resources (34%)…
Record gold production a Northgate tradition
In what seems to have become a tradition, Northgate Exploration has ended the year by setting yet another record for gold production. Output from the company’s two Chibougamau, Que., gold-copper mines…
Gunnar options claims from Honcho, Baden
Gunnar Gold has optioned 30 claims controlled by Honcho Gold Mines and Baden Explorations. The claims are located in Orvilliers and Montgolfier twps., in the Casa Berardi area of northwestern Quebec. …
Silverside finds high-grade veins
Twin parallel high-grade veins composed of plate and dendritic native silver have been discovered by Silverside Resources on its Cobalt property in northeastern Ontario. One of the veins is estimated …
Toronto Stock Exchange Casa Berardi remains a bright spot on the
Investors have greeted budget day with a quiet “so what?” as the composite inched forward a scant 0.14 pt today to close the week at 3,560.03. This is in stark contrast to what was happening earlier t…
Gold and graphite keep Glenvet active in New Brunswick
A 22-hole diamond drill program totalling 6,750 ft has been completed on the Golden Grove flake graphite deposit located northeast of Saint John, N.B., by Vancouver- listed Glenvet Resources. The dril…
Fourth quarter offsets losses for Equity Silver
With revenues totalling some $63.7 million, Equity Silver Mines managed to post a modest profit of $22,000 last year, compared to $230,000 in 1985. Fourth-quarter earnings of $605,000 offset losses in…
Drilling progam to start on old Lovitt mine property
Surface diamond drilling is scheduled to begin immediately on the old Lovitt mine property at Wenatchee, Wash. Vancouver-based Grange Gold Corp. holds a 50% interest in the Lovitt Mining Company which…
Letter to the editor Seeks Red Lake information
I am endeavoring to locate the daughter of the late mining pioneer, Horace G. Young, (1881- 1966). I believe she is Mrs Wilhelmina Charlton, last known living in Calgary, Alta. I represent the Red Lak…
New PDA chief tackles flow-through ,convention
Though he’s only been with the Prospectors and Developers Association a matter of weeks, the Association’s new executive director, Alan Bossin, is quickly learning the ropes. He’s had to. He came in f…
Breakwater to sell 1.2 milion shares
Breakwater Resources has agreed to sell 1.2 million of its shares to Loewen Ondaatje McCutcheon and Company of Vancouver to raise $7.92 million. These funds will be used to pay Cannon mine capital cos…