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…
News
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…
Alberta Stock Exchange Trading picks up
Trading was back to about normal this week in Calgary, with 5,549,500 shares traded, almost double the previous week’s slow market. The most active issue was Sweany Gold Corp., trading close to 760,00…
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…
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…
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 …
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, …
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 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…
Excellent progress at Lac’s Bousquet
With eight surface drills working on the eastern section of Lac Minerals’ Bousquet gold mine near Noranda Que., the activity level is not only high but it is also generating good results. A total of 1…
Correction (September 15, 1986)
A story last week on Grandview Resources incorrectly stated that of the company’s reserves of 16 million tons averaging 0.046 oz gold, “about one-third of that is quite low grade and when eliminated w…
Comstate still busy on Timmins area bets
Comstate Resources says it expects results this month from overburden drilling by Noranda Exploration on Comstate’s Mountjoy south property, and diamond drilling by Falconbridge Ltd., on its Thorneloe…