Bresea gold discovery
A prospecting program has discovered two gold mineralized zones in Labrador, Bresea Resources says. Reassaying of old drill core drilled by Hollinger Mines in the 1960s, returned assays of 0.19 oz gol…
News
From camaraderie to paranoia lessons from Hemlo
Recklessly jumping from choppers still several feet in the air, eager to get some of the action of the Hemlo discovery, mining men alighting in the camp with a thud in 1981 were heard to use some pret…
Montreal Exchange: Light trading week
Light volumes highlighted trading on the Montreal Exchange this week, with positive values dominating at week’s end. Both the market portfolio (general index) and the mining and minerals index had gai…
Tusk Goudreau option
Tusk Minerals has acquired an option to earn a 50% interest in 21 claims northeast of Wawa, Ont. Located in the Goudreau-Missanabie area, the claims are located seven miles east of the Magino and Krem…
COATS Trading Features (December 28, 1987)
Newly-listed Strike Minerals showed some life, trading more than 78,000 shares this week. The company, which is one of the handful of coats juniors to raise any money after the Oct 19 crash, is explor…
Villeneuve gets Sturgeon option
Villeneuve Resources has signed an optioned agreement giving the company the right to earn a 100% interest in 93 claims near Sturgeon Lake in northwestern Ontario. Located near the former producing St…
Work starting soon on White-Guyat bet
Work on the first stage of a phase- two exploration program is expected to start shortly on the property of White-Guyat Mining in Munro Twp., north of Kirkland Lake, Ont. President John White says the…
Ottawa changes 1947 Act affecting Hudson Bay M/S
Amendments have been made to a 40-year-old federal Act governing health and safety rules affecting the operations of Hudson Bay Mining and Smelting in the Flin Flon mineral area of Manitoba and Saskat…
Metal Prices FUTURES PRICES (December 28, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Dec 131.95 125.00 127.00 + 6.40 Jan 123.50 123.50 123.50 + 7.90 Mar …
Corona gold loan
A gold loan of 106,000 oz has allowed International Corona Resources to pay off its share (50%) of the financing for the producing David Bell gold mine at Hemlo in northern Ontario. Corona sold the go…
Pioneer Metals commissions mill
VANCOUVER — Following an amazingly short construction period of 35 weeks, Pioneer Metals is commissioning the mill at its Puffy Lake gold project in northwestern Manitoba. As anticipated, the first d…
Viceroy to start gold production next summer
With major permits granted and financing arranged, Viceroy Resources expects to begin production at its Castle Mountain heap leach gold property in San Bernardino Cty., Calif., by next summer. The $11…