Selbaie zinc-copper
A 35% interest in the Selbaie zinc-copper mine in Quebec has been purchased by Billiton Metals Canada for an undisclosed sum. The interest was sold by Esso Re sources Canada as part of an effort to …
News
Mining Corp. closing doors
Citing a lack of opportunities in the mining construction business, Mining Corp. of Canada says it will wind up its business activities by the end of 1989. The wholly-owned subsidiary of Noranda Mine…
Boston Bay has 90% control of Lac des sles
In a recent story on Madeleine Mines, it was stated that Belleterre Quebec owns 90% of The Platinum Group. As that property was owned by Boston Ba y, was tha t company taken over by Belleterre? Please…
Moss gets approval for Power purchase
Toronto-based Moss Resources (ASE) says it has entered into a $500,000 flow-through private placement with Goldnev Resources In other news, Moss says the transfer ot its interests in 21 mineral proper…
Reed seeks funding
An equity financing is being sought by Reed Lake Exploration (ASE). If completed, the cash raised would fund a follow-up exploration program o n Reed’s Holdswo rth gold property near Hawk Junction, On…
Rayrock, partners place Marigold into production
A new heap leach gold operation in northern Nevada, the Marigold mine, has enered commercial production. Operated by Rayrock Yellowknife Resources (TSE), the mine will produce a projected 60,000 oz pe…
No Ghost Town From Atlas Copco Comments, a publication of Atlas
One of the facts of life in the mining industry is that every ton of ore taken from a deposit reduces the productive life of that deposit by one ton. If the process continues, eventually no more tons…
Nalcap seeks liquidation of Equity Preservation
If Nalcap Holdings’ (VSE) President Michael Smith has his way, the main item of business at the next meeting of Equity Preservation Co rp. will be a proposal to liquidate the company. Nalcap, which c…
Hemlo grades decline at depth
One assumption about the Hemlo orebodies has been that the gold grade consistently rises and the deposit widens with depth. That’s only half true. In both the Golden Giant mine, operated by Hemlo Gol…
Verdstone, Sirius to sample placer claims
Bulk sampling of a placer gold deposit, situated 100 miles northeast of Watson Lake, N.W.T., is scheduled to get under way this month by partners Sirius Resources (VSE) and Verdstone Gold (VSE). The…
FINANCING ONTARIO
Timmins Nickel — final rec iss offer min 1,700,000 & max 3,800,000 @ $1.75 perish to net min $2,737,000 & max $6,118,000. VANCOUVER Lynnfield Res — 525,000 offereed @ 45 cents per sh. Oropex Miner…
Corona earns stake in Iskut claims
Gold producer Corona Corp. (TSE) is emerging as a major player, both directly and indirectly, in northwestern British Columbia’s gold c amps. The company already has varying interests in a number of c…