Freewest, Noranda in a joint venture
Freewest Resources and Noranda Exploration have entered into a joint-venture agreement whereby Freewest has the right to earn a 30% interest in the Cline Lake property at Wawa, Ont., by providing $777…
News
Richardson Lake drilling encourages Golden Terrace
Additional drill results have been released by Golden Terrace Resources from the company’s gold project at Richardson Lake. Located 70 miles east of Red Lake, Ont., the property consists of 144 claims…
Malartic completes test, going to feasibility stage
Having successfully completed a bulk sample test on its wholly- owned Orion gold project near Val d’Or, Que., Malartic Hygrade Gold Mines (Canada) says it is now proceeding to a final feasibility stag…
Deep shaft on Lindsley Falco near-term option
Shaft sinking and underground exploration could begin within a year on Falconbridge Ltd.’s Lindsley property, chief project geologist David Comba tells The Northern Miner. Timing of the program “depen…
Goldstake plans tailings project
A tailings project to recover gold by heap leaching is being pursued by Goldstake Explorations in South Dakota. Goldstake’s U.S. subsidiary has entered into a proposed joint venture with Strawberry Hi…
Drilling commences at Beaufield project
Drilling started recently on Beaufield Resources’ joint venture property in the Lac Barry-Macho River area of Quebec. Joint venture partner Falconbridge Ltd. reports that two drills are currently work…
States picks up PGM bet in Que
Toronto-based States Exploration has acquired two platinum group element (pgm) properties near Baie Comeau, Que. The ground covers a major structure at the contact between the southern extension of th…
Norex amalgamation (August 10, 1987)
Consolidated Norex Resources plans to amalgamate with its 100%-owned affiliate Triweb Resources. The former name will remain. The proposed effective date of amalgamation is Aug 31. The deal remains su…
First platinum and palladium available next week, Stillwater
The first platinum and palladium sponge produced from the Stillwater Mining mine’s sulphide concentrates will be available to sell on the open market in about a week. It was produced by the Metallurgi…
Platinum results for Prophet Res.
Platinum values have been assayed by Prophet Resources from the company’s Brady property near Sudbury, Ont. Located in Parkin Twp., the property has been the site of surface stripping and channel samp…
Newfields reserves for Teck-Hughes
A geological reserve of 100,000 tons grading 0.25 oz gold per ton has been calculated for Newfields Minerals’ Teck-Hughes property. Located near Kirkland Lake, Ont., the Teck-Hughes property is believ…
Metal Snips (August 10, 1987)
The Australian Nugget gold bullion coin achieved worldwide sales of 246,038 oz comprising 570,416 coins less than three months after it went on sale this year. The sales were almost double the origina…