Strike acquisition
Strike Minerals (COATS) has acquired 103 claims in Baden Twp., Ont. The claims are adjacent to a 28-claim block already owned by the company. An airborne geophysical survey has been completed.
News
Alberta Stock Exchange Soocana secretive
For the second week in succession, Soocana Explorations, gained significant ground without making any announcements. Last week, Soocana advanced by 30 cents on speculation that the Toronto company ha…
Falling base metal prices may hinder Amax
Is Amax Inc. (NYSE) getting Falconbridge Ltd. (TSE) for a song or will the proposed $2.8-billion takeover handcuff Amax to a staggering debt for years to come? Much depends on the outlook for base met…
McAdam progressing at Spud Valley bet
When work on a test milling facility at McAdam Resources’ (TSE) Spud Valley gold project is completed later this month, the company says it will conduct the first test run on a surface stockpile. Rese…
Pegasus options Quartz Mountain gold project
Quartz Mountain Gold Corp. (TSE) may soon have a new joint venture partner for its Quartz Mountain gold project in Lake Cty., Oregon. The Vancouver-based company recently granted Pegasus Gold Corp. (T…
Three prospectors vend claims for $1.4 million
Anyone who has ever contemplated a prospecting venture or staked a mining claim knows the chance of striking it rich is about the same as winning a lottery. But every so often the classic story of a b…
Normetal mine nears production again
A $2.4-million private placement arranged by partners Normetal Mining Exploration (ME) and La Sarre Mining Exploration (ME) will be used to bring a silver-zinc project, near La Sarre, Que., into produ…
Stewart Lake raises funds for Kirkham graphite project
Flow-through financing worth up to $510,000 has been arranged by Stewart Lake Resources (TSE) with Equion 89-3 Resource Ltd. Partnership. Stewart Lake reports the funds will be used for continued expl…
Sample results encourage Hidden Lake Gold Mines
Several occurrences of gold bearing iron-formation have been discovered by Hidden Lake Gold Mines on a large grassroots property near Wheeler Lake in the Northwest Territories. The 22,000-acre propert…
Obituary A.G. Roach
A. G. “Gerry” Roach, a prominent metallurgist and member of the Canadian Institute of Mining and Metallurgy, died recently after a battle with cancer. Roach was born in 1904 and graduated from Queen’s…
Toronto Stock Exchange Metals issues help composite above 4,000-pt
After continuing to rally to new highs this week, the composite, metals and gold indices retreated to close at 4003.67 pts, 3717.92 pts and 6361.9 pts respectively. Daily volumes remained firm above t…
Teck leases Centurion gold-silver claims
Teck Resources Inc., a wholly- owned subsidiary of Teck Corp. (TSE), has leased a 5,000-acre mining claim owned by Centurion Mines Corp. (NASDAQ) of Salt Lake City, Utah. The property is in the West T…