News

Esso results encouraging at Shasta gold prospect

Joint venture partners Esso Minerals Canada and International Shasta Resources report encouraging results from Esso’s l987 exploration work at the Toodoggone gold-silver prospect in northern British C…


Teck and San Paulo to jointventure at Leitch mine

Alberta-listed San Paulo Explorations has announced a $1 million financing through a private placement of 550,000 common shares at approximately $1.82 per share. “These funds will be used for general …



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…




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…


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