News

Bear Lake Resources has signed an option agreement for the purchase of the C.O.D. Crown Grant claim in the Jewel Lake area of British Columbia’s Greenwood mining division. Bear Lake will pay J. A. San…

Several strong drill intersections have been completed by partners T & H Resources (40%), Jonpol Explorations (40%) and Coastoro Resources (20%) on their joint ventured property in Garrison Twp., Ont….

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…

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…

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 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…

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…

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…

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…

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…

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…

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…