Timmins Report Moneta to restart drilling
Diamond drilling will resume in June on the Michaud Twp. property of Moneta Porcupine Mines (TSE) in the Harker-Holloway area east of Timmins, says Vice-president Francis Yungwirth. A diamond drilling…
News
Orleans acquiring east coast interests
An agreement has been reached between Orleans Resources (ME) of Val d’Or, Que., and Hathor Resources, a non-trading public company, whereby Orleans may acquire a 50% interest in the latter’s Nova Scot…
Toronto Stock Exchange Low volumes, sluggish trading keep lid on
Trading on the markets was characterized by another week of sluggishness as both volumes and prices remained weak. On Toronto, the composite index gave up 3.86 pts to close at 3,179.62 pts. Volume was…
FUTURES PRICES N.Y. Commodity Exchange (May 30, 1988)
Week’s High Low Close Change COPPER (in US cents per lb.) May 100.00 97.80 98.00 — 5.00 Jul 91.95 89.50 89.75 + 6.15 Sep 88.50 85.80 86.15 — 4.55 SILVER …
Women in mining organized in U.S.
Women in Mining, a national U.S. organization dedicated to educating its members and the public about the importance of mineral and energy resources, elected a new slate of officers at a recent meetin…
Wide, low-grade hit by Messeguey
Two wide zones, with mineralization averaging 0.129 oz gold per ton, have been intersected in the same hole put down on the Launay- Privat property 30 miles northeast of Rouyn-Noranda, Que. The two in…
Louvicourt, Ronrico nearing new gold zone
Louvicourt Gold Mines says drifting to access a newly-discovered gold zone is set to begin on its Louvicourt property near Val d’Or, Que. The workings of the former producer have been dewatered to the…
Mazarin, Cogema conclude deal
An agreement has been finalized between Mazarin Inc. (TSE) and Cogema Canada whereby the latter may earn a 50% interest in the Mazarin property located north of Amos in northwestern Quebec. To earn it…
Royex group raises exploration funding
The Royex group of companies has arranged private placements of flow-through shares worth up to a total of $17.25 million for five associated companies which are all listed on the TSE: Royex Gold Mini…
Future federalfunds for research in doubt
The federal government is still undecided on whether to begin discussions to renew the popular Mineral Development Agreements (MDAs) with eight mineral-producing provinces. The agreements were the mai…
Editorial Revising Ontario’s Mining Act
The Ontario Mining Act has been a remarkably resilient piece of legislation. Dating back to 1896, it has governed how the mineral riches of the province are staked, claimed and eventually exploited by…
Sonora first quarter best output to date
The first quarter of 1988 resulted in the best production to date from Sonora Gold Corp.s (TSE) 78%- owned Jamestown mine. In total some 526,000 tons of gold ore were processed to yield a net quarterl…