U.S.A. gold excursion planned by CIM
A field trip to a number of operating gold mines in Utah and Nevada is being planned by the Toronto branch of the cim May 22-29. It will include the Mercur operation in Utah, Goldstrike in the Carolin…
News
Noranda, Central release results from 2 areas of Eagle River bet
Encouraging drilling results have been obtained by Noranda Exploration and Central Crude from two areas of the 290-claim Eagle River gold prospect located 30 miles from Wawa, Ont., in the Mishibishu L…
Falconbridge issue benefits from higher nickel prices
The volatility of the market seems to have worked in favor of Falconbridge Ltd., which recently completed a share issue worth $142.5 million prior to a drop in the nickel price. Nickel recovered in 19…
Wilco and Minnova Inc pool Shebandowan claims
Wilco Mining of Toronto and Minnova Inc. say they plan to pool properties held by both companies under option agreements with prospectors David Petrunka and Wayne McChristie. Under a joint venture agr…
Coronado drill results
Assay results have been received from the recent drill program on the Mon property of the Coronado Resources-Troymin Resources joint venture in the Northwest Territories. Of the 12 holes put down by C…
FGM to test gold showings at Conquest’s Renabie bet
First General Mine Management & Gold Corp. of Toronto has entered a contract for a minimum of 5,000 ft of diamond drilling on its Renabie, Ont., area property optioned from Conquest Yellowknife Resour…
Belmoral taking over Yorbeau
Two Quebec-based companies that have had trouble living up to expectations during the past two years may have found a combination to benefit them both. Belmoral Mines, a profitable gold mining company…
Steep Rock agreement
An agreement has been concluded between Steep Rock Resources and the Ontario Ministry of Natural Resources which will see Steep Rock surrender all its former mining properties at Atikokan, Ont., to th…
Alberta Stock Exchange Pelham, big trader
Another junior exploration company has fallen victim to the Oct 19 market downturn. Monte Carlo Gold Mines, which has had trouble getting the financing to explore its Aruba Island gold prospect, has f…
Zinc market facing an oversupply; lead benefiting from tight
A better year is forecast by Shearson Lehman Brothers for lead than for zinc. In its Annual Review of the World Lead & Zinc Industries 1987, Shearson says the zinc market is fundamentally oversupplied…
Noront, Central merger
Noront Resources and Central Crude Ltd. have agreed to merge the two companies on the basis of one Central Crude share for each five shares of Noront held. Central Crude is active in mineral explorati…
Remote high-grade nickel deposit gets second look
The boom in nickel prices will probably have little effect on development plans for the nickel deposits controlled by New Quebec Raglan Mines, President T. F. Pugsley tells The Northern Miner. Located…