Villeneuve in Mishibishu
An exploration program is in progress on ground held by Villeneuve Resources in the Mishibishu Lake area. Located west of Wawa, Ont., the property is believed to host geology similar to that occurring…
News
Investment Comment Falconbridge among lasting values
As the world’s stock markets continue to suffer the aftershocks of the infamous Black Monday, a number of major brokerage houses have published glossy booklets advising investors to keep on buying. “D…
Inco to spend $26.9 million on mine project
A major mining development project has been announced by Inco Ltd. for its underground nickel-mining operations at Thompson, Man. The project, valued at $26.9 million, involves development of the 1-C …
Golden Rule gets interest in La Ronge gold prospect
Golden Rule Resources has a 30% interest in a major new gold discovery located on two contiguous joint venture properties in the La Ronge area of Saskatchewan. During the last month, an initial 5,000-…
Lack of infrastructure slows growth in northwest B.C.
Northwest British Columbia is a vast area with significant mineral potential. Having examined this region on a variety of occasions over the past 10-15 years, the provincial government has noted that …
B.C. mining generates loss for fifth consecutive year
Although the situation has improved this year, British Columbia recorded its fifth consecutive year of losses in 1986, a Price Waterhouse report concludes. The survey of 30 separate mining companies, …
Gulf Intl. results
A drill program by Gulf International Minerals on the company’s McLymont claim group has cut 13 ft grading 0.82 oz gold per ton. Another hole assayed 7.7 oz of gold across 6.6 ft. The claim is located…
La Fosse has spent $5 million to date on PGM exploration
La Fosse Platinum Group, a company set up specifically to look for platinum group metals in the Labrador trough area near Schefferville, Que., in its first quarterly report says it has completed $5 mi…
United Reef samples Montana property
United Reef Petroleums is encouraged by underground sampling results from the company’s Alder Gulch gold property in Montana. Sampling of the Atlas vein returned an assay of 0.27 oz gold per ton acros…
Coxheath shooting for Feb decision at Tangier gold bet in Feb ’88
A mine production decision on the Tangier gold property, 100 km northeast of Halifax, N.S., could be made by Coxheath Gold Holdings as early as February, 1988. Underground exploration work is well adv…
Newmont has income drop in 1987 third quarter
While rebounding from the beating it took during the recent takover bid by corporate raider T. Boone Pickens, Newmont Mining Corp. has reported a drop in net income for the 1987 third quarter. Newmont…
Royex paper shuffle
Royex Gold Mining Corp. has signed a deal which will see affiliate company Mascot Gold Mines purchase 1.4 million shares of Golden North Resources from Royex. Mascot will issue Royex 450,000 of its co…