Supreme Court defers decision on Lac-Corona
A decision on whether to grant Lac Minerals the right to appeal earlier court rulings awarding ownership of the Williams gold mine in the Hemlo area of northern Ontario to International Corona Resourc…
News
Royex, Galveston deal
Another paper shuffle within the Royex Gold Mining group has resulted in a 13.36% interest in Royex Gold being sold to Galveston Resources. Consideration for the deal is Galveston’s 1.13 million PezCo…
Vassan encouraged by drill results
Exciting preliminary drilling results have been reported by Vassan Inc. from 14 holes at the company’s Vassan gold property located near Val d’Or, Que., north of the old Siscoe mine. Among the better …
Golden Sitka takes over Alaska gold project
Funds raised in a public offering will be used by Golden Sitka Resources for a $2 million(US) exploration and development program on its Chichagof and Hirst mine properties located 50 miles west of Si…
Chelsea’s Spotted Horse profitable in past month
The high grade gold mining operation of Chelsea Resources near Lewistown, Mont., has started to turn a profit, according to Fernando Nuflo-Moya, chairman. He confirms that “since the second week of No…
Montreal Exchange Audrey boosts output
Starting and finishing the week in positive fashion, the Montreal Exchange is beginning to show more (though still relatively moderate) trading activity compared with recent weeks. The larger “senior”…
Second joint venture for San Paulo- Teck (Head – 18 bold)
San Paulo Explorations, which recently entered into a joint venture agreement with Teck Corp. to finance a sizeable exploration program to earn a 50% interest in the latter’s Leitch mine property at B…
Could one hole in Cranbrook, B.C. kill Red Dog?
To an untrained eye it’s an ordinary zigzag on a piece of paper filled with zigzagging lines. But to Paul Cartwright, a geophysicist whose company, Pacific Geophysical, conducted the Controlled Source…
Mid-North gold acquisition
A former producing gold property has been acquired by Mid- North Resources. Located near Snow Lake, Man., the property produced 52,849 oz gold between 1936-1940. Known as the Laguna mine, the operati…
News-in-brief (December 07, 1987)
Tse- and vse-listed U.S. Precious Metals Inc. has arranged a private placement of 900,000 shares for $629,000. The placement includes warrants good for an additonal 900,000 shares at 85 cents within …
Cove-McCoy mine augers well in Echo Bay expansion plans
Edmonton-based Echo Bay Mines, which four years ago produced just 118,000 oz of the yellow metal, plans to pour 550,000 oz next year and is shooting for 700,000 oz in 1989. This incredible growth rate…
More scholarships to meet industry need for engineers
The Canadian Mineral Industry Education Foundation is widening its horizons. For more than 20 largely-unheralded years, the industry-supported, non-profit foundation has been quietly but effectively w…