News

Glen Auden Res. reaches agreement on Hurtubise Twp.

Glen Auden Resources and the Turgeon Staking Syndicate have entered into agreements with New Kelore Mines and Conscot Resources regarding two properties in Hurtubise Twp., Ont. Under the terms of the …



Bulk leach tests at Amir/Glamis Idaho bets

Bulk leach tests are scheduled for the Buffalo Gulch and Friday properties, both located in Idaho Cty., Idaho, says Amir Mines vice- president Clive T. Johnson. Amir’s joint venture partner Glamis Gol…


New GSC forecast

The geophysics division of the Geological Survey of Canada advises it is issuing a new 27-day multi-zone forecast of geomagnetic activity and a review of the preceding geomagnetic activity, expressed …


Record output in September for Galactic

Galactic Resources reports record monthly gold production in September of more than 10,000 oz, from the Summitville gold mine in Colorado. It brings total production since the June initiation of comme…


OSC meeting

The Ontario Securities Commission will hold a public meeting at its Toronto offices on Oct 21, (beginning at 9.30 a.m.) to hear submissions from the public concerning the Thompson Committee report on …



Broker-dealer firm turns to mutual funds

From the marketing of highly speculative grass roots mine issues to mutual funds represents quite a switch. But that’s the direction now being taken by the broker-dealer firm of Gordon-Daly Grenadier …



Senior management also hit in new Falconbridge moves

Chairman William James of Falconbridge Ltd. will himself be among tho se to feel the direct effect of recently-announced production cutbacks and layoffs at Sudbury, and other cost-cutting moves by the…


Borrowings, price slump major Eldorado setbacks

Eldorado Nuclear reports a loss of $13.4 million on revenues of $42.7 million in the second quarter this year, compared with a loss of $2.3 million on revenues of $67.5 million in the similar period l…


Editorial: Geologists are too tough

A totally unsubstantiated report, just now surfacing, has it that several years ago in the jungles of Java, two geologists lowered into an old mine to check it out were eaten by a 40-ft python lurking…


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