News

CDC is selling its share holding in Falconbridge

Dome Mines, (with 24%), emerges the dominant shareholder of Falconbridge Ltd. as the result of the sale by the Canada Development Corporation of the CDC’s 10.5 million common share holding in Falconb…


Editorial: Death of flow-through looks premature

While there is concern, there could be more smoke than fire in Queb ec Mines Minister Raymond Savoie’s statement (in a front page article in last week’s issue of this paper) that the federal governmen…


Letters to the Editor: Reader favors OGS relocation

This is in reply to the guest editorial by Dr E. G. Pye, former director of the Ontario Geological Survey, entitled It’s a bad move to relocate the OGS, Sept 8. Before speculating as to whether the OG…


MRI/Naniusivik/CDC reach agreement

Nanisivik Mines and Mineral Resources International and Canada Development Corp. (CDC) have reached an agreement, reports Mineral Resources President J. C. Lamacraft. A wholly-owned subsidiary of CDC …


Chances remote for an open pit at Giant Bay bet

Giant Bay Resources, which had hoped initial mining from its Gordon Lake gold property in the Northwest Territories could have been open pit, says that possibility “now seems highly unlikely.” The com…


Noranda OKs production on rich Isle Dieu orebody

What is so far a small but very rich zinc-silver-copper deposit near Matagami in northwestern Quebec is being put into production by Noranda Minerals at a cost of $35 million. Site preparation on the …


Cominco battery vies for national research award

A major percentage of auto batteries in North America may soon be produced using advanced manufacturing technology developed by a subsidiary of Cominco Ltd. The unique process was developed by Cominco…


Highwood/Hecla project could be producing in ’87

A deal between Hecla Mining Co. and Highwood Resources could lead to construction of a specialty metals mine as early as next year, Highwood President D. G. Thomas says. The deal, which was signed in …


Open pit Potential seen for Yukon gold prospect

A major exploration program financed by Chevron Minerals has outlined significant gold mineralization on a property in the Yukon held under option from Vancouver-based B.Y.G. Natural Resources. What i…


Syndicate finds platinum near Schefferville

A private company believes it could have a major platinum discovery in the Labrador trough area north of Schefferville, Que. Assays from the first half of about 2,000 samples taken by La Fosse Platinu…


Silverside cuts gold values in Garrison Twp.

Ore-grade gold mineralization has been encountered in three drill holes put down in an initial program on Silverside Resources’ Garrison Twp. property in northeastern Ontario. President Leith Hellens …



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