Stockgold halts work on Stock Twp. prospect
On the advice of a consultant, Toronto-based Stockgold Resources has elected not to pursue an option on the Stock Twp. gold property near Timmins, Ont. Under a previous agreement, Stockgold was attemp…
News
Obituary Arvid Thunaes
A Norwegian immigrant, who played a major role in uranium research and development in Canada, died recently at age 86. Arvid Thunaes, a metallurgical engineering graduate of the Norwegian Institute of…
Assay results could seal major Hecla/Acadia deal
It seems very unlikely that Hecla Mining, of Coeur d’Alene, Idaho, will refuse to take Acadia Mineral Ventures up on its offer to allow Hecla’s Canadian subsidiary to earn a 60% interest in the Moosel…
Dee syndicate drilling deep
Rayrock Resources, one of the early birds in what has since developed into a major gold play in Nevada — and certainly one of the pioneers in the heap leaching that is changing the whole economics of…
Two-day course in March on platinum exploration
A 2-day course on exploration for platinum group elements will be held in Toronto March 2-3, sponsored by the Toronto Geological Discussion Group and featuring as a course speaker one of the world’s l…
Goldstake raises funds for Homestake tailings
At current gold prices tailings deposits near the Homestake mine in South Dakota are beginning to look very attractive to Goldstake Explorations, a coats listing in Toronto. Apparently a lot of intern…
Belmoral and Roddy agree on former’s takeover bid
Agreement has been reached between Belmoral Mines of Toronto and Roddy Resources of Vancouver whereby Belmoral may acquire up to a 51% interest in Roddy, which operates a heap leach gold mine in Arizo…
Editorial Use it or lose it
There’s a fellow in the U.S. who has staked mining claims on Mars. Putting aside the question of under what jurisdiction those claims would be filed, in Canada a basic tenet of gaining mineral rights …
Montreal Exchange Seniors active, lower
It was a big week for senior issues on the Montreal Exchange, but probably not one they would like to remember. Most suffered price declines ranging from marginal to major. Placer Dome was the most ac…
$10-million agreement keeps Colomac on track
In the nick of time, Neptune Resources of Toronto has lined up the $10 million it needs to bring equipment and supplies over an ice road to its isolated Colomac property at Indin Lake north of Yellowk…
New report and map on deep sea deposits
A report and map providing comprehensive coverage of the nature and distribution of recently formed metallic mineral deposits on the deep seabed have been released by the Geological Survey of Canada. …
Cominco Resources profits from Buckhorn
For the first nine months of Cominco Resources International’s 76.4% ownership of the Buckhorn gold mine in Nevada, its share of income from the heap leaching operation was $5.3 million. The company’s…