Northair control war is nearing its climax
The winner in the battle for control of Northair Mines will be decided at the annual meeting July 9. But in the meantime, Northair and its suitor, Nor- Quest Resources, are engaged in an information c…
News
Vancouver Island bet
Drilling has resumed at the Debbie property on Vancouver Island, a joint venture between Westmin Resources (the operator), Nexus Resource Corp. and Angle Resources. The initial joint venture budget fo…
Brohm to heap leach Gilt Edge project
Brohm Resources of Vancouver has decided to begin construction immediately on a Phase 1 heap leach production facility at its Gilt Edge mine in Deadwood, South Dakota. After the heap leaching producti…
Metal Prices FUTURES PRICES (July 06, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) June 68.95 68.95 68.90 — 1.90 July 69.20 68.15…
Granges drilling Windflower project
Diamond drilling is under way at Windflower Mining’s Goldfinch property southeast of Revelstoke, B.C. Project operator Granges Exploration confirms that 10,000 ft of diamond drilling will be completed…
Editorial Turning back the clock for risk takers
NOW YOU SEE IT — NOW YOU DON’T] Just what gives with that flip-flop on capital gains taxation as now proposed by Finance Minister Michael Wilson in his recent White Paper on tax reform? Wasn’t he on…
Real turnaround for Canreos under Belmoral Mines’ wing
There has been quite a turnaround in the affairs of Canreos Minerals. Under strong new management that has moved this company from the brink of insolvency into a healthy financial position, it is now…
Junior mining policy released for comment
The Ontario Securities Commission has released its new junior mine financing policy for public comment until July 30. It is expected that the policy will become official by September. The policy is ba…
Terra high on gold project
With more than $5.6 million in working capital, debt-free Terra Mines of Edmonton is hoping its Las Minitas gold project in northwestern Mexico will get the company back on the right track. Terra, whi…
Amselco and Galactic to develop Ridgeway
Approval has been given to develop the Ridgeway gold project in South Carolina which will be a joint venture between Amselco Minerals and Vancouver-based Galactic Resources. Ridgeway Mining, a wholly-…
Perlite producer searches for sulphur
Already a major producer of perlite (a light- weight aggregate with a variety of industrial uses), Vancouver-based Aurun Mines is diversifying into sulphur. The company has joined forces with Equinox …
Newfield, T & H reach agreement on nine claims
An agreement granting T & H Resources an option to buy nine claims owned by Newfield Mines in Garrison Twp., east of Matheson, Ont., for $150,000 has been signed by the two companies. The option gives…