Pezim hails Hemlo trial with swarm of releases
Shortly after it was announced that International Corona Resources had won control of the Page- Williams gold mine at Hemlo, Ont. (see separate story, page 1), a swarm of news releases flew out of 155…
News
Goldteck offering raises $6,105,000
Gross proceeds from a recently completed public offering of 1.35 million class A units and 2 million class B units were $6,105,000, Goldteck Mines reports. Each class A unit consists of one 1987 depos…
Pamour group heating up gold excitement in Timmins
Miners have been pulling gold ore out of the ground here for more than 75 years. But the excitement of finding new gold orebodies has never been stronger than it is today — thanks largely to the Pamo…
Mining industry backs spirit of free trade deal
While the terms of the new Canada, U.S. Free Trade agreement are still shrouded in generalities, a number of top mining officials were expressing guarded optimism regarding its effect on the industry….
First gold is poured at Black Swan mine
Gold has been poured at Black Swan Gold Mines’ Gabanintha project in Western Australia. The $12-million(A) development is expected to produce about 40,000 oz gold per year, 25% of which will go to Bla…
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%…
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. …
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 …