Glen Auden active on Noranda claims
The latest phase of a diamond drill program consisting of seven holes (5,216 ft.) has been completed on the Joburke Mine project, west of Timmins, Ont. Glen Auden Resources (TSE) says targets previous…
News
FINANCING (April 02, 1990)
Dunvegan Expl — 370,000 non-flow-through and 280,000 flow-through offered @ 81 cents per unit. Excellon Res — gross proceeds rec $227,500.
News in Brief (April 02, 1990)
Candela Resources (CDD:VSE) has changed its transfer agent to Central Guaranty Trust Co.
Spot prices at a glance (April 02, 1990)
Week’s Price (US) Change Gold* $373.30 — $16.6 Silver* $5.00 — $0.05 Platinum* $474.20 — $12.55 Nickel** $4.27 + $0.39 Lead** $0.42 — $0.07 Copper- $1.15 + 0.05 Zinc $0.75 + $0.05 Courtesy of Scot…
Sphinx project
A small heap leach project near Amos, Que., is set to resume operation in early May after a winter break, Sphinx Mining (ME) reports. Last autumn the company extracted a 40,000-ton bulk sample from on…
Panel mine wins McCrea trophy
Rio Algom’s Panel Mine defeated 19 teams to win this year’s McCrea first aid competition, organized by the Mines Accident Prevention Association of Ontario (MAPAO). Trailing behind was the Stanleigh m…
Zahavy caps shaft
A mine site reclamation program is under way on Zahavy Mines’ (ASE) Favourable Lake property, 110 miles north of Red Lake in northwestern Ontario. The 6,000-acre property hosts a past-producing gold-s…
Vancouver conference focuses on the environment
Environmental issues relevant to the mining industry were discussed here by 24 speakers in a special session on metals and minerals at Globe ’90, a conference aimed at promoting the implementation of …
Royal Oak officials angry as MacLellan offer spurned
An attempt by Vancouver-based Royal Oak Resources (TSE) to buy up the assets of bankrupt LynnGold Resources (TSE) was rejected recently by LynnGold’s trustee. Thinking that it could turn LynnGold’s Ma…
Placer budgets for Dream
Exploration of the Dream property owned by International Curator Resources (VSE) will continue this summer with Placer U.S., a unit of Placer Dome (TSE), planning a $500,000 program. Placer is earning…
Flow-through shares should be treated like other capital
If you attended the Prospectors and Developers Association of Canada’s annual convention in Toronto recently, no doubt you will have noticed that many of the 3,000 or so delegates were wearing a badge…
FALCO’s MYSTERY MINE
Falconbridge is building a mine in Sudbury, but not much is known about it. And those who do know the details aren’t talking. Although Falconbridge has made some major decisions with regard to the min…