News

Nickel

The price of nickel, which was down around $1.70(US) a lb at presstime, will probably drop to $1.50 a lb, knocking off a lot of production capacity, market analyst Ilmar Martens said in a panel discus…


Oracle Resources begins exploration in Pickle Lk.

Exploration has begun on two of Oracle Resources’ four gold properties in the Pickle Lake and Opapimiskan Lake areas of northwestern Ontario. Results of airborne EM and magnetic surveys carried out ea…



Sherritt spending $5m. to modify coin plant

A $5-million modification program is under way at Sherritt Gordon Mines’ coin blank plating and processing facility at Fort Saskatchewan, Alta., in readiness to fulfil its recently signed contract wit…




Western Goldfields

Shares of Western Goldfields Inc., which has a 31.72% interest in a heap leach gold mine near Reno, Nev., are now listed on the Toronto Stock Exchange. The first gold pour at the Nevada mine, called t…


Two more properties for Glen Auden Resources

Several properties have been acquired by Glen Auden Resources. In the Swayze area, southwest of Timmins, Ont., the company has acquired a 100% interest in 77 claims. Located in Swayze and Denyes twps….


Financing arranged by Beaufield Res.

A financing agreement has been negotiated which will raise a maximum of $800,000 for Beaufield Resources. Beaufield plans to issue 516,129 common shares at a price of $1.55 per share on a flow-through…


Sullivan and Cambior solidify their links

Sullivan Mines, and Cambior Inc. are solidifying the link between the two companies. They had previously announced (N.M., Aug. 8/86) that Sullivan- associated Courvan Mining would have an option to pu…


Ontario rescue team in national contest

For the first time in the history of the event, Ontario plans to enter a team in the 1986 national mine rescue competition, scheduled for Sept 19-20 in Nanaimo, B.C. The competition will test the skil…


Correction Coin Lake Gold

As a clarification, all dollar figures quoted in last week’s story on Coin Lake Gold Mines’ Golden Reward property were expressed in U.S. dollars, (except for the share price quoted on the Toronto Sto…


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