Conwest, Falconbridge team up on Sudbury bet
An 18,000-ft drill program is the first plan of action by Falconbridge Ltd. (TSE) and Conwest Exploration (TSE) in their joint effort to chase high grade nickel near Sudbury, Ont. The drilling is part…
News
Ontex completes financing, continues suit against Metalore
Ontex Resources (ASE) has completed a $603,000 private placement financing representing the issuance of 900,000 common shares at 67 cents per share. The proceeds from the financing will be used for ge…
Bridger plans gold production in Chile
By June of 1989, Bridger Resources (VSE) and its new joint venture partner expect to have completed construction of a 110-ton-per-day mill on the La Pepa gold property in Chile, to be followed by the …
Quartz denies decision
Despite several reports to the contrary published in Oregon newspapers, partners Galactic Resources Ltd. (TSE) and Quartz Mountain Gold Corp. (TSE) say a production decision has not been made for the …
Alberta Stock Exchange Durga bucks trend
If 1988 was a nightmare year for Canadian brokers, they could hardly have gleaned much comfort from what they saw on the Alberta Exchange this week. In keeping with the general lack of interest in spe…
Montreal Exchange Positive trading days
Continuing its winning ways this past week, the stock market recorded healthy gains in both its market portfolio and mining and minerals indices, on daily trading volumes ranging between 4.9 million a…
Drilling extends zone at graphite deposit of Stewart Lake
Drilling on the Kirkham graphite deposit in eastern Ontario of Stewart Lake Resources (TSE) has extended the strike length of zone 2 x 700 ft to the south. President Richard Scratch said two drills ar…
Murray E. Watts, 1909-1982
Murray Edmund Watts is credited with the discovery of the huge Raglan nickel deposits on the Cape Smith belt in the northern Ungava region of Quebec; with the location of the Asbestos Hill asbestos de…
Jules R. Timmins, 1889-1971
Jules Timmins’ finest hour, and his claim to mining fame, occurred when he brought into being the iron ore fields of northern Quebec and Labrador, in one of the greatest projects in Canadian mining hi…
La Fosse takeover
La Fosse Platinum (TSE) has made an offer to purchase up to a 60% interest in Louvicourt Gold Mines (COATS). La Fosse is offering one of its shares for every four common shares of Louvicourt. The offe…
Canadian Mining Hall of Fame names twelve inaugural inductees
Pierre Beauchemin was a towering figure on the mining horizons of the province of Quebec. He was the founder of one of this country’s leading mining organizations, the Sullivan Group of companies. Of …
Photo…..Mining Hall of Fame
Photo by George Onuska Bill James, right, president of Falconbridge Ltd. and the keynote speaker at the recent inaugural dinner for the Canadian Mining Hall of Fame, points out to fellow head-table gu…