Editorial Uranium improving the quality of life
Ontario Hydro is proud of its nuclear reactors, and rightfully so. More than one-third of the province’s power is generated by nuclear fuel at a cost that is probably the cheapest in the world. Nuclea…
News
Metalore loses appeal of Ontex Res. decision
There may be a long way to go, but Ontex Resources has won the first round in a court battle to regain the Brookbank gold property near Beardmore, Ont. from Metalore Resources. Ontex says Justice D.H…
New process recovers gold from tailings
A new process for recovering gold from its ores is being developed by scientists from the bp Research Centre at Sunbury, near London, England. An experimental pilot plant, capable of processing up to …
Sundust, Mill City listed in Montreal
Two junior mining companies, Sundust Resources (symbol suw) of Sherbrooke, Que., and Mill City Gold (symbol mld) of Calgary, were recently listed on the Montreal Exchange. Incorporated in June, 1987, …
Manridge gets financing
Manridge Explorations has completed a financing with Brault, Guy, O’Brien Inc., an investment house, which raised $1.85 million. Of this amount, $1.45 million was raised on a flow-through share basis….
Discovery West ponders Colomac Lake decision
A spokesperson for Johnsby Mines says the company has not decided yet whether it will put up 40% of the financing required to bring the Johnsby Colomac Lake gold property to production. A joint ventur…
Westmin to drill with Eastmain and MSV
A 12,500-ft drilling contract has been let by Westmin Resources which will test several targets on the Westmain project shared with partner Eastmain Resources in Quebec. MSV Resources, which can earn …
Rio bids to buy mine it forfeited 14 months ago
A letter of intent to purchase the East Kemptville tin mine in Nova Scotia from the banking group which provided the original financing for the project has been signed by Rio Algom of Toronto. The tin…
Soquem seeks interest in titanium property
Soquem, the Quebec Crown corporation, has entered into a joint venture agreement with FinNeth Exploration, a wholly-owned subsidiary of Outokumpu Mines and Billiton Metals, on a titanium property in Q…
New York gold show aimed at the investor (January 11, 1988)
With the pall of Black Monday still hanging over world stock markets, more professional and private investors are taking a close look at gold as an investment which has remained stable, yet still offe…
Queries Rayrock drills Rembrandt’s Bellevista
My mother had 1,000 shares of Rembrandt Gold Mines (formerly 5,000 New Taku Mines) certificates dated Nov 10, 1981. While Rembrandt was apparently delisted and written off as having no value, the is…
Galactic releases new Ivanhoe results
Vancouver-based Galactic Resources and partner Cornucopia Resources have released some new drill results from the Ivanhoe joint venture gold property at Carlin, Nev. Galactic Chairman Robert Friedland…