Trail smelter problem
A problem at one of Cominco Ltd.’s zinc roasters at Trail, B.C., has resulted in a mechanical breakdown. The failure will put the roaster out of service for about a week, resulting in the loss of 2,00…
News
Mark V finds high grade gold in Bagdad mine’s South vein
With underground exploration still in progress at Mark V Petroleums and Mines (VSE) Bagdad gold mine near Philipsburg, Mont., the company says it is still encountering high grade mineralization on the…
Vancouver Stock Exchange McNellen reacts to reserve news
News that drilling has quadrupled reserves at the Magino gold mine, sent McNellen Resources back to the $4 mark. Although little information has been released about the nature of the deep drill result…
Jerome, Muscocho inching towards Swayze mine goal
Jerome Gold Mines (ASE) has arranged for a private placement through First Toronto Capital Corp., to fulfill its obligations at the Jerome mine joint venture at Swayze, Ont. Under an agreement with pa…
Energex program in Toodoggone expected to cost $1.5 million
Mobilization for a $1.5-million exploration program on Energex Minerals’ (VSE) Al project in the Toodoggone area north of Smithers, B.C., is under way. The program is designed to increase reserves of …
Toronto Stock Exchange Volume wilts as summer doldrums take hold
Rising interest rates have put a lid on the summer rally — at least for the time being. Combined with summer holidays and investor concerns over inflation and the economy in general, our review week …
PDAC planning seminars on mine finding, financing
Need to know more about the finding, development and financing of mines in Canada? The Prospectors and Developers Association of Canada is aiming to fill the gaps in knowledge on these subjects, throu…
Lencourt to merge with Quill Res.
Lencourt Ltd. (TSE) has agreed to amalgamate with a Toronto- based private exploration company called Quill Resources. According to Lencourt, a letter of intent has been signed in which the company ha…
HSK agreement
Toronto-based HSK Minerals (TSE) has entered an agreement with CMP 1988 Resource Partnership and Co. Ltd. (CMP), in which CMP will subscribe for shares of HSK on a flow-through basis for a considerati…
Golden Myra latest player in Goudreau-Lochalsh camp
The latest player in the Goudreau-Lochalsh mining camp northeast of Wawa, Ont., is Golden Myra Resources (TSE). Newly-listed, the company completed a share offering which netted $756,000. The funds wi…
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Breakwater buys control of Noramco
Breakwater Resources (TSE) has completed the purchase of 3.2 million shares or 19.9% of the issued capital of Noramco Mining (TSE) for an aggregate consideration of $20.8 million. Of that amount, $6 m…