News

Following a decision by Noranda Exploration not to exercise an option on the L.H. gold property near Silverton, B.C., Andaurex Resources of Toronto says it will retain a 100% interest in the property….

After reporting a bottom line rebound in 1986 and some sterling acquisitions in 1987, Toronto-based Lacana Mining is preparing to cross an important threshold in 1988. With subsidiary Mascot Gold’s Ni…

A $5-million exploration program at Westmin Resources’ Debbie/Yellow project near Port Alberni, B.C. will include a 1.2-mile underground adit into the Mineral Creek and Linda gold zones. Nexus Resourc…

London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Feb. 2 Feb. 1 Jan. 29 Jan. 28 Jan. 27 Copper 1240-1245 1225-1230 1346-1348 1285-1287 1310-1315 Lea…

Turkey is reported to have opened its first silver mine. Forecast by the Turkish government is the processing of 1.1 million tons of ore per year and an annual production of 122 tons silver. Most of t…

Finally, we can talk about Prince Edward’s little island. Being the nation’s mining newspaper and P.E.I. being our only virgin province, untouched by mining, we’ve had precious few opportunities to in…

One of the few mines in North America to actually lose money mining gold in 1987 has been purchased by Hayes Resources. For $17 million cash and 2.4 million common shares from treasury, Hayes is getti…

Total Resources (Canada) has completed its purchase of Getty Resources, acquiring an 87.6% interest on a fully-diluted basis. Following the closure of the deal, Total elected three new directors to th…

After filing a private placement to fund exploration on one of its British Columbia gold properties, Alberta-listed Goldcap Inc. is attempting to attract a financier for work on another. In a bid to r…

Several drill targets have been outlined and a $120,000 program is planned on Odessa Explorations’ Warsaw Canyon heap leach prospect in Santa Cruz Cty., Ariz. Six anomalous zones have been discovered …

Vancouver-based Armeno Re sources, active in the exploration of mineral claims in Canada and Ecuador and with oil and gas interests in western Canada, was recently listed on the Montreal Exchange. In …

While the ink is still drying on an agreement to sell its mining arm to a subsidiary of Australia based Western Mining Corp., Northgate Exploration of Toronto has gone shopping. Not content to sit aro…