The volatility of the market seems to have worked in favor of Falconbridge Ltd., which recently completed a share issue worth $142.5 million prior to a drop in the nickel price. Nickel recovered in 19…
Wilco Mining of Toronto and Minnova Inc. say they plan to pool properties held by both companies under option agreements with prospectors David Petrunka and Wayne McChristie. Under a joint venture agr…
Assay results have been received from the recent drill program on the Mon property of the Coronado Resources-Troymin Resources joint venture in the Northwest Territories. Of the 12 holes put down by C…
First General Mine Management & Gold Corp. of Toronto has entered a contract for a minimum of 5,000 ft of diamond drilling on its Renabie, Ont., area property optioned from Conquest Yellowknife Resour…
The Prospectors and Developers Association of Canada (pdac) is gearing up for its 56th annual convention March 6-9 at Toronto’s Royal York Hotel. Theme of this year’s meeting is Financing — The Key t…
Sun Valley Gold Mines has concluded an agreement to acquire a 100% interest (subject to a 10% net profits) in 10 mining claims near Wickenburg, Ariz. The claims include the former Rincon Mining proper…
The boom in nickel prices will probably have little effect on development plans for the nickel deposits controlled by New Quebec Raglan Mines, President T. F. Pugsley tells The Northern Miner. Located…
An exploration program at Cathedral Gold Corp.’s Porcher Island property 35 miles southwest of Prince Rupert, B.C., has yielded some encouraging results. Pierre B. Lebel, president, says the recent dr…
New shareholder communication rules, designed to improve communication between companies and their shareholders, have been approved by the Canadian Securities Administrators. The new rules, which will…
An option to acquire a 100% interest in a 2-claim unit, 3,000-acre gold prospect in northwestern Manitoba has been obtained by Goldbrae Developments of Richmond, B.C. The company has agreed to spend $…
Placer Dome Inc. has fully exercised its option to earn a 60% working interest in Melrose Resources’ Blackstock Twp., property 30 miles southeast of Timmins, Ont., Melrose announced recently. So far, …
A steering committee has been established to consider the viability of creating a Mining Hall of Fame. Represented on the committee will be the Mining Association of Canada, the Prospectors and Develo…
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