New gold zone at McWatters bet
A new gold zone, known as the J zone, has been discovered 1,200 ft northwest of the old shaft on the McWatters gold project near Rouyn, Que., John McAdam, president of McAdam Resources, reports. Visib…
News
United Minerals options ground adjoining La Fosse
Canadian United Minerals has optioned 75 sq km of ground adjoining the La Fosse Platinum concessions in the Labrador Trough of Quebec. The trough is a 160-mile-long belt of favorable ultramafic rocks …
Higher prices for metals brighten Cominco quarter
Selling shares in a subsidiary boosted Cominco Ltd.’s consolidated earnings for the six months ended June 30 to $19.5 million. An extraordinary gain of $17 million was realized from the sale of shares…
Letters to the Editor Setting the record straight
I would like to respond to comments contained in a letter from Henrik Thalenhorst of the Prospectors and Developers Association which you published July 6. As Energy, Mines and Resources Canada takes …
Gold stocks in for period of volatility, analyst says
Troubled times do funny things to precious metals prices and major currencies. The price of gold, hovering in the $440-$450(US) range only a few weeks ago, crept up to the $470-$480 level this week be…
Lac offering
Lac Minerals has filed a final short form prospectus with the Ontario Securities Commission and regulatory authorities across Canada, in respect of an offering to the public of common shares. The offe…
News in Brief (August 10, 1987)
Island Canyon Mines has changed its name to Access Technology Inc. (AEI:VSE) on a share-for-share basis.
Year end start at Puffy
The town of Sherridon, Man., will get a major boost this year when Pioneer Metals Corp’s Puffy Lake mine, 20 km south of the town goes into production in December. Construction of the mine is well und…
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…
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…