Drilling confirms Lightning zone
The latest batch of drill results from the Lightning zone of the Holloway project owned 60/40 by Noranda (TSE) and Freewest Resources (TSE) confirm a major gold deposit with significant widths is taki…
News
Montreal Exchange Normetal drilling
A major drilling program is just getting under way on the Normetal property north of La Sarre, Que. Cominco has earmarked $1.4 million to explore for deep massive sulphides on the 26,000-acre property…
Aurora drill program
A 4-hole drill program is under way on Aurora Gold’s (ASE) Best Chance copper property in the Yukon Territory. The company hopes to increase minable tonnage on the property by testing a possible south…
LETTERS TO THE EDITOR Exploration needs more investor incentives
My letters to federal Mines Minister Jake Epp, pointing out theseverity of the downturn in mineral exploration in Canada, have not gone unheeded. I recently received a reply from Mr. Epp, indicating t…
Filing claim staking by `fax’ marks end of an era; but few turn
What was earmarked “the last staking rush of its kind” barely caused a stir last week as a mere handful of individuals competed for ground on the western tip of the Shebandowan greenstone belt. As min…
Johnson Matthey closing B.C. plant
Citing financial losses, Johnson Matthey plans to close its plant in Trail, B.C., by year-end. The plant employs 95 persons and produces a variety of high purity metals and other materials that are pr…
Newhawk’s Sulphurets not economic at current metal prices
A recently completed feasibility study has determined that the Sulphurets project is not economically feasible at current metal prices. The project is in the rugged Golden Triangle area north of Stewa…
Royal Oak arranges financing to purchase Pamour Companies
Despite a hostile equity financing market, Royal Oak Resources (TSE) has finally completed a $33-million purchase of the Pamour (TSE) group of companies. The purchase has transformed Royal Oak from a …
Corrections (November 12, 1990)
Drilling on the Nevada Chance East project, a joint venture between Norgold Resources (VSE) and LAC Minerals (TSE), intersected a 170-ft. interval grading 0.031 oz. gold per ton. An incorrect grade wa…
VSM/Serem build reserves on new Grevet zinc zone
A recently completed deep drill hole on zone 97 of the Grevet zinc property in northern Quebec reveals the deposit is getting wider at depth (T.N.M., Nov. 5/90). Hole 121, which tested the eastern ext…
Financiers prefer multinational giants
Independent miners, pitted against multinational giants, will have difficulty raising money from financiers, said Bob Parsons, chairman of Toronto-based Price Waterhouse’s mining industry services gro…
Dingman tables plans for Soviet operation
Although lacking one essential ingredient — financing — Dingman Industries (ASE) is proceeding with plans to treat arsenic-rich gold concentrates produced in the Soviet Republic of Kazakhstan. Based…