News

A couple of takeover bids, one confirmed and the other a rumor, highlight activity this week on the Montreal Exchange, where the mining and minerals index has been in decline and trading in general ha…

The decision by Cassiar Mining to either develop its McDame asbestos deposit or terminate operations completely by mid-1991 will have to be made this year. James C. O’Rourke, president, also told the …

Cash flow is expected this summer from New Privateer Mines’ Zeballos gold property on Vancouver Island. In the annual report Harvey H. Cohen, president, says that initial mill feed will be taken from …

Although the tse composite index advanced sharply by 21.99 pts today to 3,719.11 pts, golds continued to decline losing more than 114 pts to 7,935.12. Good news however, is that gold bullion prices ar…

Three raises being driven from the 200-ft level in the West zone at the Magino joint venture gold project in northern Ontario are returning some high gold values, project manager Muscocho Explorations…

Vancouver-based Fleck Resources recently agreed to participate in a number of Ireland and Canada-based joint ventures which could add to its reserves of gold and platinum. In the first of three agreem…

Another gold exploration company in Nova Scotia appears to be headed for an underground exploration program. Soon-to-be-listed (on the tse) NovaGold Resources Inc. says a $6.6-million program is recom…

Negotiations between representatives of Toronto-based Dickenson Mines’ and striking employees at the company’s Red Lake, Ont., gold mine have resumed. After rejecting a revised company offer of a thre…

No real performers stood out on the coats system this week. Edda Resources, which is getting into platinum exploration via a private affiliate, was steady at 75 cents . The private company has acquire…

Some of Saskatchewan’s top mining representatives were out in force recently to celebrate the official opening of the province’s first gold mine in nearly 50 years. Saskatchewan hasn’t had a producer …

At long last polymetallics are getting some respect — even if the primary metal credit is silver. Indeed, the massive sulphide discovery by Minnova Inc. (N.M.June 8, 1987) on the Adams Lake property …

Toronto based Goldteck Mines Ltd. has filed a preliminary prospectus for an offering of flow- through and common shares to raise approximately $5.4 million for exploration on three properties, includi…