Financing for Glen Auden
Glen Auden Resources has reached agreement for a $250,000 flow- through financing which will enable the company to carry out an expanded drilling program on its Detour, La Peltrie properties in Ontari…
News
News in Brief (November 16, 1987)
Cal-Denver Resources has changed its name to Carson Gold Corp. on a basis of one new for two old shares.
Letters to the Editor Westmin decries error in Nexus story
In reference to your article on the Nexus Group (N.M., Oct 26/87), you have made a critical error. You refer to the “… Nexus/Angle Debbie property… ” and in the next paragraph state that Westmin…
Red Dog under way
Construction of the 87-km road from Cominco’s Red Dog mine site in Alaska to the mine’s port site on the Chukchi Sea has started. The road is expected to be open in February. Once open, equipment can …
Brunswick scratches profit from extraordinary gain
Earnings from operations at Brunswick Mining and Smelting Corp.’s large zinc-lead operation near Bathurst, N.B., failed to materialize during the third quarter ended Sept. 30. For the period, the mine…
Copper breaks $1-mark, best since 1980
Copper, which along with most other base metals has been enjoying an excellent year, has topped the $1(US)-per-lb-mark. Copper futures have also been “flying high” on Comex in New York. The “dollar” b…
Report from Calgary Getty/Noranda still No 1
As Canada’s northern lakes freeze over, Otter and Beaver aircraft are making the conversion from floats to skis in preparation for transportation support of winter drill programs in western Shield loc…
SOQUEM selling Seleine salt mine
SOQUEM, the Quebec Crown corporation involved in mining and mineral exploration, is selling its rock salt mining business. The salt mining operation, located on the Magdalen Islands in the Gulf of St….
Cominco, Platinova outlining wollastonite
Work by Cominco Ltd. on a wollastonite property near Tweed, Ont., has identified a zone striking for 1,000 m. Partner Platinova Resources says that the zone could host several million tons of the indu…
Open cut blast planned by Wye
A stripping program has been completed on the Saganaga Lake property owned by Wye Resources. Located 140 km west of Thunder Bay, Ont., the property covers several gold showings associated with quartz-…
Villeneuve in Mishibishu
An exploration program is in progress on ground held by Villeneuve Resources in the Mishibishu Lake area. Located west of Wawa, Ont., the property is believed to host geology similar to that occurring…
Inco to spend $26.9 million on mine project
A major mining development project has been announced by Inco Ltd. for its underground nickel-mining operations at Thompson, Man. The project, valued at $26.9 million, involves development of the 1-C …