Golden Terrace releases pre-Christmas results
Toronto-listed Golden Terrace Resources continues to produce some good results from drilling at its Richardson Lake project 70 miles east of Red Lake, Ont. With results from pre-Christmas drilling jus…
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Seadrift drilling
Encouraging partial assays have been released by Seadrift International Exploration of Vancouver from hole DDH 88-2, which was drilled to 1,600 ft on the 100%- owned Aldermac-Noranda massive suplphide…
Free classes on gold, platinum, diamonds
Want to know from experts, and without paying a cent, the latest developments in exploration and mining of gold, platinum, diamonds and industrial minerals? Some of Canada’s leading exploration and mi…
Eldorado, SMDC deal possible brokers’ boon
The privatization of Canada’s as yet unamed uranium mining giant, is expected to spark a scramble by deal-hungry corporate finance departments vying to get a piece of the action. Following the October…
Nexus, Angle and Reward amalgamate
Subject to shareholder and regulatory body approval, Nexus Resources, Angle Resources and Reward Resources will amalgamate to form one company to be known as Nexus Resource Corp. Shareholders of Nexus…
Queries O’Brien still under OSC investigation
Can you tell me what happened to O’Brien Energy. The company was listed on the Toronto Stock Exchange, but it disappeared about a year ago. Its chief interest was a geothermal deposit in Nevada which …
Bentley plans production at California gold mine
Breathing new life into the former producing Bagdad Chase gold mine, Bentley Resources is working towards starting up a 350-ton-per-day operation in October this year. The mine, located in the Mojave …
Hope Brook earnings
Net income of $591,000 (2 cents per share) was recorded by Toronto- based Hope Brook Gold for the five- month period ending Dec 31, 1987. Cash provided by operating activities totalled $674,000. Hope …
Agnico-Eagle denies claims of withholding information
Claims by Noranda Inc. that exploration information about a gold property in northwestern Quebec was withheld prior to the sale of shares in one of the companies involved have been denied by Agnico-Ea…
Falconbridge, Minnova sued by Opawica over mine royalty
A lawsuit launched against Falconbridge Ltd. and Minnova Inc. dominated discussion at the annual meeting of Toronto-based Opawica Explorations. Opawica, former owner of the Lac Shortt gold mine proper…
Correction (February 29, 1988)
Equinox Resources has an option to earn a 60% interest in the Maude Lake gold deposit in Ontario. The deposit contains reserves of more than one million tons grading 0.2 oz gold per ton, not 0.1 oz as…
Employees end strike at Lac mine
Hourly employees at Lac Minerals’ Bousquet mine near Malartic, Que., have voted 80% in favour of accepting a new three-year collective agreement, the company said recently. The 262 employees represent…