Glen Auden options three projects
The market crash doesn’t appear to have slowed down the deals being made by Glen Auden Resources. The junior explorer, which identifies project areas and then brings in partners to carry the company f…
News
Teck earnings up from last quarter
Teck Corp. has net earnings for the quarter ended Dec 31, of $17.2 million compared to $6.5 million a year earlier. After deducting preferred share dividends, net earnings were 42 cents per share, up…
Placement with Hemlo Gold helps Viceroy in California
A $10-million private placement with Hemlo Gold Mines will enable Viceroy Resource Corp. to purchase crushing, conveyor and stacking facilities for its Castle Mountain project in San Bernardino Cty., …
Uranium symposium (February 15, 1988)
The 13th annual symposium of the Uranium Institute is scheduled for Sept 7-9 in London, England. Uranium supply and demand is expected to be among the topics of discussion, along with political pressu…
Rea completes adit at Adams Lake bet
A $2-million program is nearing completion at Rea Gold’s Discovery zone property 60 miles northeast of Kamloops, B.C. The company completed a 1,033- ft adit to access reserves in the L98 lens, calcula…
Western Quebec purchases stake in mining projects
Western Quebec Mines has signed an agreement with one of its major shareholders, Valmag Inc., to purchase Valmag’s interest in two mineral properties known as the Shawkey and Shawkey South. The Shawke…
TIMMINS REPORT Kidd Creek completes new silo
Work is nearing completion on a new cement silo at the Kidd Creek Mines minesite 15 miles north of Timmins city centre. Eric Belford, vice-president mining for the Falconbridge Ltd.-owned company, say…
Husky and SMDC to go underground
Equal partners Saskatchewan Mining Development Corp. and Husky Oil are planning an underground exploration program on their Laurel Lake gold property at Amisk Lake, Sask. Pending the results of the un…
Lacana, Exador find new gold zone at Acad’or bet
A significant zone of gold mineralization has been located on the Acad’or gold-silver property in northern New Brunswick, near Bathurst, joint venture partners Lacana Mining and Exador Resources repor…
Vauquelin increases West block reserves
Probable reserves of 140,000 tons grading 0.18 oz gold per ton and possible reserves of 260,000 tons grading 0.19 oz have been reported by Vauquelin Mines from the West block of the company’s prope…
Timing dampens enthusiasm for OSC’s new junior financing policy
Cautious enthusiasm is coming from the mining and investment community concerning the new junior natural resource policy drafted by the Ontario Securities Commission (OSC). If anything, the lack of an…
Sphinx funding
Agreements with two partnerships has netted Sphinx Exploration of Val d’Or, Que., $600,000 in exploration funding, the company reports. Financing of $300,000 was obtained from each of cmp Limited Reso…