Editorial Recognition is well deserved
The mining industry is not one that receives a great deal of attention from the general public. It receives even less applause. We in the industry are well aware of the contribution mining makes to so…
News
NAR agreement
North American Rare Metals reports it has an agreement with IMEX (1987) Exploration and Company Limited Partnership providing for a private placement of $1,500,000 on a flow-through basis, at a price …
Hycroft poised to increase output with second Nevada gold producer
Junior gold producer Hycroft Resources & Development is poised to join the big leagues when its second Nevada mine comes on-stream in early 1988. Annual gold output will jump 50,000 oz to 75,000 oz go…
Three machines drilling on NovaGold’s property
Toronto-listed NovaGold Resources Inc. has put a third drill on its 32-claim Fifteen Mile Stream gold property located 60 miles northeast of Halifax, N.S. “Our geophysical surveys indicate the Plenty …
Pacific options Telesis property
Pacific Trans-Ocean Resources has purchased a 56.5% interest in the Gordon Lake property owned 43.5% by Telesis Corp. Located in the N.W.T., the property is two miles from Echo Bay’s Lupin gold mine. …
Noranda sues Agnico-Eagle, claims information on Dumagami withheld
A legal fight has broken out over the sale last year by Noranda Inc. of about 1.5 million shares of Dumagami Mines to Agnico-Eagle Mines. At the centre of the dispute is a gold property consisting of …
Uranium market changes foreseen
Market trends in uranium are creating new situations in which it is becoming more difficult for utilities and producers to accommodate the requirements of each other, Nuexco’s George White, Jr says. A…
GAC meeting
The joint national meeting of the Geological Association of Canada, the Mineralogical Association of Canada and the Canadian Society of Petroleum Geologists will be held May 22-25, 1988, in St. John’s…
Minerals play avital role in society
Neither mining executives nor media personnel are entirely happy with their relationship. Mining men feel that much of the coverage of their industry is unfair or inaccurate or both. They believe the …
Norwood exploring property anomaly
A program of stripping, detailed mapping, channeling and sampling was performed in September on anomaly “A” on property in Currie Twp. located in northern Quebec between Val d’Or and Chibougamau, Norw…
Metal snips (November 16, 1987)
The Soviet Institute of Metallurgy says it has a substitute alloy that could replace gold in its jewelry and industrial applications, Metal Bulletin reports. Named inpal and made from a combination of…
Battle Mountain defers offering
A public offering of 5.25 million common shares of Battle Mountain Gold has been postponed by the company. Chairman Douglas Bourne said the company made the decision because of the current volatility …