Lyon Lake to earn 50% of Mosquito Creek bet
Lyon Lake Mines of Rouyn- Noranda has signed an agreement to earn a 50% interest in Mosquito Consolidated Gold Mines’ Mosquito Creek property in British Columbia. The Mosquito Creek property consists …
News
Investment Comment Lacana to join ranks of 100,000 oz gold
After reporting a bottom line rebound in 1986 and some sterling acquisitions in 1987, Toronto-based Lacana Mining is preparing to cross an important threshold in 1988. With subsidiary Mascot Gold’s Ni…
Toronto Stock Exchange Plummeting golds send market into tailspin
Continuing nervousness concerning the strength of the North American economies came to a head today as plunging bullion prices led the tse into a nosedive. Gold gave up another $27 this week as it bro…
Westmin, partners plan addit at Debbie/Yellow project
A $5-million exploration program at Westmin Resources’ Debbie/Yellow project near Port Alberni, B.C. will include a 1.2-mile underground adit into the Mineral Creek and Linda gold zones. Nexus Resourc…
Metal Prices FREE MARKET (February 08, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Feb. 2 Feb. 1 Jan. 29 Jan. 28 Jan. 27 Copper 1240-1245 1225-1230 1346-1348 1285-1287 1310-1315 Lea…
Good year for Lac, earnings nearly triple
Last year proved to be a good one for Lac Minerals of Toronto, with the company’s earnings almost tripling compared with 1986. A 9% increase in production, a higher gold price and higher interest inco…
Ottawa, Sask. negotiate merging Eldorado, SMDC
Employees at Crown-owned Eldorado Nuclear Ltd. and the Saskatchewan Mining Development Corp. are waiting anxiously for results of merger talks involving the corporations’ owners. According to recent s…
Pacific and Noranda busy at Oxford Lake
A program of ground geophysical surveys and drilling is under way at the Oxford Lake gold project located about 300 miles north of Winnipeg, Man., Noranda Explora tion and Pacific Trans-Ocean Re sourc…
Metal snips (February 08, 1988)
Turkey is reported to have opened its first silver mine. Forecast by the Turkish government is the processing of 1.1 million tons of ore per year and an annual production of 122 tons silver. Most of t…
Golden Pond ruling
Golden Pond Resources is the victor in an arbitration ruling which ruled in the company’s favor following a dispute with A-Pri-Or Mining. The latter company claims that Golden Pond had lost its rights…
Rayrock, Discovery swap oil, gas for mining assets
The boards of directors of Toronto-based Rayrock Yellowknife Resources and Discovery West Corp. have agreed to a major rationalization of the mining and oil and gas assets of both companies. Under the…
Tamavack drilling gets promising gold values
Joint venture partners Tamavack Resources and International Maple Leaf continue to report encouraging drill results at their Fountain lake property in Moss Lake Twp., northwestern Ontario. A total of …