Nickel market maintaining its momentum
While no one can guess how long the bull market for nickel will last, it seems a safe bet the price of the base metal will hold up a while longer. More than a few analysts see demand for the metal, wh…
News
Greater Lenora, RJK busy in Saskatchewan
Joint venture partners Greater Lenora Resources (TSE) and RJK Mineral Corp. (ASE) say they are studying the possibility of selective mining of high grade gold zones at their Beaverlodge property in n…
Armistice drilling Sheldon, Kerr zones
A 35,000-ft underground exploration drilling program to expand the Sheldon zone and test the Kerr zone has been started by Armistice Resources (ME) at the company’s Virginiatown gold property in north…
Windarra reports La Ronge results
A winter drill program on the Preview Lake property in Saskatchewan’s LaRonge gold belt has intersected significant gold mineralization in the Bakos zone, reports joint venture partner Windarra Minera…
Whitney Bay directors to steer new course
Toronto-based Whitney Bay Resources (COATS) is moving out of mining and into the industrial sector following a reorganization of the company’s board of directors. The new directors, including Gary Han…
Profile JOUBIN’S JOURNEY
The following are excerpts from the autobiography of Franc R. Joubin, a renowned Canadian geologist who was recently inducted into the Canadian Mining Hall of Fame. The book, entitled Not For Gold Alo…
50 YEARS AGO TODAY CIMM TO MEET IN QUEBEC CITY
Next week hundreds of the first-line representatives of the Canadian mining and metallurgical industry will meet in the historic city of Quebec. The annual convention of the cimm has become the outsta…
Citadel financing
Citadel Gold Mines (TSE) has received approval from The Toronto Stock Exchange allowing the company to proceed with a private placement of first preferred shares valued at $5.5 million. The shares are…
Orenda Gold no longer exists
I recently inherited 100 shares of Orenada Gold Mines purchased in 1945, and I would like to know if these shares have any current value. If they are of value, how can I redeem them? R.M., Leamington,…
Correction (April 03, 1989)
Contrary to what was was reported recently (N.M., March 20/89), Calgary-based Baloil Resources (ASE) intersected 8.8 ft of grade 0.13 oz gold per ton in drill hole DDH-1 during a 2,400-ft program at i…
KING OF ZINC
As base metals mines go, the No. 12 mine in Bathurst, N.B., is No. 1 in more ways than one. No mine in the world can top it in terms of zinc-in-concentrate produced each year (about 238,000 tonnes). A…
McFinley extends date for rights offering
The expiry date for McFinley Red Lake Mines’ (TSE) current rights offering to shareholders has been extended to April 6 because of delays in distribution of the rights offering documents to United Kin…