Controlling the price of a metal
The dream of great wealth to be obtained from control of the international price of a metal or other commodity has ensnared many an adventurer. It is heady wine and is often carried with an obsession …
News
Why a free tradee agreement is good for Quebec’s mining industry
For Quebec’s mining industry, the free trade agreement with the United States is a way to deflect rising U.S. protectionism. Indeed, free trade already exists in the mining industry: tariffs are low o…
Ojibway drilling on 3 properties
Drilling rigs are currently in operation on three properties (Desboues, Soissons and Rochebeaucourt), with the budget for the 1987 exploration program more than one-third committed, Ojibway Resources …
Minefinders financing
Minefinders Corp. has completed an $800,000 financing which will fund exploration on three properties near Val d’Or, Que. Of the amount raised, $440,000 was on a flow-through basis.
Follow-up drilling
Sillimanite mineralization at both Clarendon and Otter Creek in Ontario has been mapped at 1:2500; a co-operative follow-up drilling program with the Tweed office of Ontario’s ministry of northern dev…
Editorial Uranium improving the quality of life
Ontario Hydro is proud of its nuclear reactors, and rightfully so. More than one-third of the province’s power is generated by nuclear fuel at a cost that is probably the cheapest in the world. Nuclea…
Metalore loses appeal of Ontex Res. decision
There may be a long way to go, but Ontex Resources has won the first round in a court battle to regain the Brookbank gold property near Beardmore, Ont. from Metalore Resources. Ontex says Justice D.H…
Pacific buys Telesis’ share of Gordon Lake gold project
Alberta-listed Pacific Trans- Ocean Resources has agreed to buy the remaining interest held by Telesis Corporation in the Gordon Lake project, the company announced recently. Upon completion, Pacific …
New process recovers gold from tailings
A new process for recovering gold from its ores is being developed by scientists from the bp Research Centre at Sunbury, near London, England. An experimental pilot plant, capable of processing up to …
Sundust, Mill City listed in Montreal
Two junior mining companies, Sundust Resources (symbol suw) of Sherbrooke, Que., and Mill City Gold (symbol mld) of Calgary, were recently listed on the Montreal Exchange. Incorporated in June, 1987, …
Skyline heads for production at Johnny Mountain gold mine
The Johnny Mountain gold mine of Skyline Resources is heading for production starting in the second quarter of 1988. The mine is located on a portion of Skyline’s Reg claims which cover approximately …
Troymin gets funding for winter projects
Alberta-listed Troymin Resources has received $425,000 to finance its 1987/88 Canadian exploration program, the company said recently. According to Troymin, a $250,000 placement with MTC Oil and Gas F…