Northfield bets heavily on Kirkland West claims
Northfield Capital Corp. of Toronto and a private company called Canadian Ore Mining are about to take a $50-million gamble which they assume is a safe bet. In signing a letter of intent to earn a 50%…
News
New financing for Wrightbar
A new flow-through financing worth $4 million has been arranged by Wrightbar Mines, with Imex 1987 Ltd. Partnership, for exploration work on the company’s Bourlamaque property in northwestern Quebec. …
People (October 05, 1987)
Moneta Porcupine Mines — Dennis MacLeod has been appointed to the board of directors.
Obituaries James G. (Jock) MacGregor
One of the top geologists in the world-renowned Thayer Lindsley mine-finding team, Jock MacGregor, has died at the Toronto Western Hospital at the age of 86. A graduate from Harriot Watt University o…
Santa Maria discovery at Opapimiskan Lake
What it describes as a significant discovery is reported by Santa Maria Resources, on its Zeemel Lake property in the Opapimiskan Lake area of northwestern Ontario. President Gordon Plaskett says in a…
Montreal Exchange Louvem makes deal
What got off to a promising start ended on a down note, with both the market portfolio and the mining and minerals index of the Montreal Exchange showing negative numbers during the latter part of the…
Alberta Stock Exchange Zahavy moves up (October 05, 1987)
A high grade gold discovery at Zahavy Mines’ wholly-owned Trout Lake property in northwestern Ontario made it the outstanding issue in an otherwise uneventful session. Trading on a volume of 66,700, i…
Report from Calgary Golden Rule et al discovery
What is the Saskatchewan formula to find a gold deposit? Find yourself a dog called Jasper and a talented prospector-partner named Richard Kuzmirski and put them in the La Ronge gold belt. The newest …
Renzy Mines Renzy/Agra seek financing for vanadium plant
Everything is beginning to fall into place for Renzy Mines of Toronto, Ont. Back in 1972, this little coats- listed company, devised a way to extract vanadium — a grey, ductile metal used to give add…
Treminco revises milling Contract
Production from the first level of Treminco Resources’ Ptarmigan mine project is on schedule and will be treated under a revised milling contract with Giant Yellowknife Mines. According to Treminco Pr…
X-Cal discovers third gold zone
A third mineralized zone has been discoverd by X-Cal Resources on the company’s Tyax property in B.C. The claims are located in the Bralorne-Bridge River area. The new zone returned an average grade o…
NSR set to begin ramping at Rand Malartic project
De-watering of the existing underground workings at the Rand Malartic gold project at Val d’Or, Que., is almost complete, NSR Resources reports. Ramping is set to begin as soon as the dewatering is fi…