1988

Franco-Nevada to explore Redstone copper deposit

Franco Nevada Mining (TSE) which holds a royalty interest in the huge Goldstrike gold mine in Nevada, has agreed to acquire a major slice of a large Northwest Territories copper deposit. In a bid to b…


Record quarter for Coeur D’Alene Mines

Lower production costs and increased gold output at the Rochester mine were factors which contributed to a record third quarter for Coeur D’Alene Mines. The company reported third- quarter income of $…


Ateba sampling old Magnet mine workings

Underground mapping and sampling are currently under way on Ateba Mines’ (TSE) Magnet mine property, located 10 km west of Geraldton, Ont. A dewatering program, completed last month, has enabled acces…


Biron Bay options NovaGold gold bet

A definitive agreement is expected within 3-4 weeks which will see a 78% interest in the Summit gold property in New Mexico go to Biron Bay Resources (TSE) and Steeple Rock Mining in exchange for expl…




Rebound in metal prices helps commodity index

An increase in metal and forest product prices offset declines in crude oil and agricultural prices during October and helped Scotiabank’s all-commodity price index advance by 0.9% from the previous m…


Book Review Oil prospecting

Walter Guppy has probably seen more of Vancouver Island than any other prospector alive today and he’s recounted his experiences in a paperback called WetCoast Ventures: mine finding on Vancouver Isla…


Palladium maintains steady support

Not as volatile in the marketplace or as expensive as its sister- metal platinum, palladium nevertheless has achieved a following which is keeping its supply more or less in balance with demand. Tendi…


Noranda to continue exploration on Hislop claims

Further exploration entailing a substantial second phase diamond drill program and an orientation IP survey is planned for the Hislop property east of Timmins, Ont. During 1988, the property was the s…


Tarzan to acquire Glen Auden claims

Toronto-based Glen Auden Resources (TSE) has agreed to sell 152 claims at Keith Twp., Ont., to Tarzan Gold (ASE) in return for the $94,000 which the company has already spent on previous work and acqu…



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