News

Flanagan McAdam now underground at Mishibishu Lake

Underground work has started at Flanagan McAdam Resources’ Magnacon gold property in the Mishibishu Lake area of northern Ontario. Flanagan holds a 50% interest in the property while associated compan…


Joint venture in B.C.

Goldcap Inc. has entered into a joint venture agreement with Noranda Exploration which will see Noranda perform exploration work on the Tommy Jack property near Prince George, B.C. Goldcap, which has …


CHESBAR STARTS UNDERGROUND ON MURGOLD’S SWAYZE BET

Chesbar Resources has dropped an option on proven oil reserves in the Beaufort Sea and has put Murgold Resources’ gold property in Ontario’s Swayze area at the top of its property list. The oil ventur…


HudBay and Outokumpu dealing on Namew Lake

A letter of intent has been signed between Hudson Bay Mining and Outokumpu Mines, which if concluded, will establish a joint venture partnership commited to exploring and developing Hudson Bay’s Namew…


Faraday/Marcon amalgamation

The amalgamation of Faraday Resources and Marcon Canadian Holdings Inc., a private company, was approved by Faraday shareholders at a meeting held Aug. 21 with the amalgamated company continuing under…


Cobalt price leaps

The price of cobalt, which has been tumbling since the beginning of the year when it was about $11(US) a pound, climbed to their its highest price since June when it topped $7 this week. Production in…


Matt Berry to raise exploration funds

A $562,000 exploration program has been recommended for Matt Berry Mines’ Moss Lake property, 70 miles west of Thunder Bay, Ont., the company says. The property, which comprises three claim groups tot…


New gold zone at B.Y.G. bet

A new gold zone has been discovered on B.Y.G. Natural Resources’ Mt. Nansen property 37 miles west of Carmacks, Yukon. The property is 100% owned by the company and is under option to Chevron Minerals…


Editorial Ontario’s mines safer

It costs mining companies a bundle funnelling money into Ontario’s Workers Compensation Board, but it’s a social cost that, like motherhood, has its own imperative of need and necessity. The board, …


Editorial Gold mining boom is a godsend

Gold mining is now the brightest, most profitable and fastest growin g segment of the North American mining industry. And the price of the metal, which has been unusually strong in recent weeks, still…


Echo Bay acquiring three more gold mines

Consolidated gold production for Echo Bay Mines will reach a record 480,000 oz per year by 1987 following the acquistion by the company of three producing mines owned by Tenneco Inc. Located in Nevada…


News in Brief (September 15, 1986)

Abermin Corp. says it has an agreement for the private placement of 1,092,076 shares, at $1.27 per share, subject to regulatory approval.