News


Emerald Isle busy on Kenty gold bet

Exploration is under way on the Kenty gold prospect wholly-owned by Emerald Isle Resources. Located about 75 miles southwest of Timmins, Ont., the property consists of a contiguous block of 16 patente…


Newmont high grade results on Golden Shield property

Several high grade gold showings have been discovered by Newmont Exploration of Canada during field work on ground optioned from Golden Shield Resources. Located in Hoblitzell Twp., Ont., the property…


Raleigh Energy buys interest in Powder Metals

Copper powder is a fast-growing specialty market which has attracted Vancouver- based Raleigh Energy. The company recently acquired approximately 40% of Powder Metals Australia which has a number of g…


Inco to open its Crean Hill mine

An additional capital expenditure of $40 million will be made by Inco Ltd. at its Sudbury, Ont., nickel mining operations. Over a 2-year period, the world’s largest nickel miner plans to spend $25 mil…


Lakeshore Minerals acquires properties

Lakeshore Minerals has acquired four mineral prospects. These include 22 claims in Notman Twp., and 8 claims in Chelsey Twp., Ont. The purchase price was $4,200 and 400,000 of the company’s common sha…


Teck takes option on Fleck’s platinum bet

In a move that could bring its Marathon, Ont., platinum group metals (PGM) deposit to a production decision as early as late next year, Fleck Resources has signed a letter of intent with Teck Corp. in…


Klondex starts development on Nevada property

Klondex Mines has completed an arrangement for an immediate drilling and development program on its Fire Creek heap leach gold project in Nevada, a joint venture with Alma American Mining Corp. Two pr…


TSE 24-hr trading?

The Toronto Stock Exchange will be initiating a pilot program of a 24-hour trading system in the near future, John Kolosky, director of market operations tells The Northern Miner. He says the TSE has …



Somicom revives Massval Resources

Long-quiet Massval Resources is being revived by Somicom Management, t the Montreal-based mining team that put together Cogesco Resources and First Canacord Mineral Exploration Partnership. Somicom ha…


Madeleine cuts platinum values (September 29, 1986)

Additional drill results have been released by Madeleine Mines from the company’s optioned Lac des Iles platinum group metals (PGM) property. Located north of Thunder Bay, Ont., the property is being …


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