Sherritt spending $5m. to modify coin plant
A $5-million modification program is under way at Sherritt Gordon Mines’ coin blank plating and processing facility at Fort Saskatchewan, Alta., in readiness to fulfil its recently signed contract wit…
News
Toronto Stock Exchange Slow but steady advance as market inches
Wednesday close, August 27 Trading was slow and quiet on the TSE today with the composite 300 index inching up by 1.77 pts to 3,038.12. Metals and minerals were up 2 pts to 2048.50. Big news was made …
Fleck Res. options Great Lakes Nickel Pardee properties
After being on standby for more than 10 years, Great Lakes Nickel’s Pardee Twp. properties will once again see some action. Vancouver-based Fleck Resources, known for its platinum group metals bet nea…
Orofina drilling at Jackson-Manion bet
Drilling has resumed on the Uchi Lake properties held by Orofino Resources. Located in northwestern Ontario, the two properties are being tested by a 5,000-ft drilling program. On the Jackson-Manion p…
Correction Abermin Corp.
A story on Abermin Corp. in the Aug 18 issue neglected to mention the width of the high grade discovery in the coronation zone. A channel sample taken across 11.5 ft grades 0.717 oz gold per ton, 14.9…
New Cominco smelter gets government aid $260-million total
The government of British Columbia has agreed to purchase $55 milli on in Cominco preferred shares which will enable the company to replace its obsolete lead smelter at Trail, B.C. Cominco already has…
Dissident group fighting for control of Macdonald Mines
A dissident group of shareholders has served notice of a meeting in order to elect new directors to the board of Macdonald Mines, the company says. The dissident group represents 10% of the shareholde…
Queries Terramar still active at Reid mine project
Like many people, I purchased the shares of Terramar Resources after the terrific gold find in California. Your paper reported the very high assays and I would like to know the present standing of thi…
High grade gold, silver at Omni Skukum property
Initial results from a 25,000-ft first-phase drill program at Omni Resources’ Skukum Creek property south of Whitehorse have been impressive with both high grade gold and silver values reported. The p…
Western Goldfields
Shares of Western Goldfields Inc., which has a 31.72% interest in a heap leach gold mine near Reno, Nev., are now listed on the Toronto Stock Exchange. The first gold pour at the Nevada mine, called t…
Two more properties for Glen Auden Resources
Several properties have been acquired by Glen Auden Resources. In the Swayze area, southwest of Timmins, Ont., the company has acquired a 100% interest in 77 claims. Located in Swayze and Denyes twps….
Alberta Stock Exchange Alberta issues active Beardmore issues
Wednesday close, August 27 Total volume of shares traded in Calgary this week was 5,547,800. Ontex Resources of Toronto, which this week saw courtroom opponent Metalore Resources file its counter-suit…