Britsh Columbia bans exploration in all parks
In an effort to reduce escalating confrontations over land use in British Columbia, Parks Minister Terry Huberts and Mines Minister Jack Davis formally announced in late December that mineral explorat…
News
Canamax reduces debt load to Amax Gold and Nat West
Denver-based Amax Gold has emerged with a larger stake in affiliate Canamax Resources (TSE). Following Canamax’s decision to repay $5 million of an outstanding loan to the Denver company, Amax has inc…
Wollastonite discovery
NYCO, a division of Processed Minerals Inc., has made a signi- ficant discovery of wollastonite near Lewis, N.Y. Exploration near the company’s operating wollastonite mine was initiated in 1986. Drill…
HudBay tackles challenges at Namew Lake nickel mine
The country’s newest nickel mine will produce 12.5 million lb of nickel this year compared with the 15 million lb originally planned. The reason is a delay in reaching full capacity, now set for some …
Vancouver Stock Exchange (January 09, 1988)
When trading finished on the last business day of 1988, the VSE Index closed at 792.72 points, off 31.1% for the year. Unlike the Toronto or Montreal Exchanges, which managed to regain at least some o…
Metals trader Deak tries to win producer status
New York-based metals trader Deak International Inc. is gearing up for a two-pronged attempt to become a producing mining company. After amalgamating wholly- owned subsidiary Deak Ariadne, with Canadi…
Rea Gold drilling Flap claims
Six holes totalling 4,337 ft were drilled by Rea Gold Corp. (TSE) on its 29,500-acre Flap property located 20 miles west of Kelowna in south-central British Columbia. The company said the initial diam…
Montreal Exchange (January 09, 1988)
Investors must have been pre- occupied with other activities during the year-end holiday festivities; daily trading volumes during the shortened week ranged from a lowly 2.2 million on up to 3.5 milli…
Chelsea, Beardmore in joint venture
A letter of intent has been agreed to by Chelsea Resources (VSE) and Beardmore Resources (VSE) to enter into a joint venture for the exploration and development of the former’s Gold Hill property in M…
Blackdome encouraged by recent drill results
Exploration drilling designed to outline new ore reserves on Blackdome Mining Corp.’s (TSE) high grade gold property in British Columbia has returned encouraging results, the company reports. A major …
Oscar plans work
Oscar Giroux Resources, a private company, hopes to conduct a $365,000 exploration program on a group of silver prospects in Lorrain Twp., Ont. The claims include six shafts extending to a depth of 20…
Vista exploration
A drill program is scheduled to begin in mid-February on the Uskik Lake property held by Vista Mines (TSE). The work will test several geophysical targets defined by the company last year. The propert…