1987

Eastmaque begins tailings operation

The first tailings have been pumped by Eastmaque Gold Mines to the mill at Kirkland Lake, Ont., the company reports. Although ice cover over Kirkland Lake was having a detrimental affect on dredging o…


Christmas Cheer absent amongst market traders

There was little seasonal cheer for the majority of the resource issues on The Toronto Stock Exchange this week. Sloppy, directionless trading and continuing nervousness following the Oct 19th de…


Montreal listing for Spirit Lake

A Toronto-based junior mining company, Spirit Lake Explorations, inactive for many years prior to being revived in 1986, was recently listed for trading (symbol sel) on the Montreal Exchange. The comp…


Northumberland comes back with program of its own

The breakup last week of a lengthy 2-year courtship between Toronto-listed junior Northumberland Mines and nickel giant, cum- gold explorer Inco Ltd. may prove to be the best thing that could happen t…


Some light in dark days

What with the fall of insider-trader Ivan Boesky, the market crash on Black Monday, and the recent release of a film, “Wall Street”, which excoriates the whole industry, it hasn’t been exactly a happy…


Misima to give Place Dome 210,000 oz a year

VANCOUVER — Determined to maintain its position as North America’s largest gold producer, Placer Dome has announced yet another mine development — this time at its Misima gold property in Papua New …


Houston expects production decision by late spring

VANCOUVER — A production decision is expected by late spring on the Silver Queen polymetallic property near Houston, B.C., owned 60% by Houston Metals Corp. and 40% by New Nadina Exploration. A feasi…


Work starting soon on White-Guyat bet

Work on the first stage of a phase- two exploration program is expected to start shortly on the property of White-Guyat Mining in Munro Twp., north of Kirkland Lake, Ont. President John White says the…


Lively intersection by San Paulo at Leitch mine

A discovery that could well prove important has been made by San Paulo Explorations in an exploratory drill hole in a program it has recently started on the Leitch mine property at Beardmore in northw…


Ottawa changes 1947 Act affecting Hudson Bay M/S

Amendments have been made to a 40-year-old federal Act governing health and safety rules affecting the operations of Hudson Bay Mining and Smelting in the Flin Flon mineral area of Manitoba and Saskat…


From camaraderie to paranoia lessons from Hemlo

Recklessly jumping from choppers still several feet in the air, eager to get some of the action of the Hemlo discovery, mining men alighting in the camp with a thud in 1981 were heard to use some pret…


Investment Comment Cortez acreage makes Coral a buy

Despite its prominent land position in the Carlin and Cortez gold trends near Elko, Nev., little has been heard lately from a Vancouver- based exploration company called Coral Gold. While American Bar…


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