New gold occurrences discovered in Red Lake
In addition to examining former gold producers and developed prospects, much effort has been directed towards new and unexplored gold occurences. For example, St. Joe Canada and Nexus Resources have o…
News
Inco Gold buys Esso’s interest in Red Lake claims
A purchase agreement with Esso Resources Canada has been completed by Inco Gold for all of Esso’s interest in the Red Lake claims in northwestern Ontario held by the Wilanour partnership (Wilanour Res…
Sparton deals Estrades interest to Lacana
Toronto-based Sparton Resources has agreed to option its 50% interest in a property in Estrades Twp., in northwestern Quebec, to Lacana Mining Corp. Golden Zone Development holds the remaining 50%. To…
Michele to start work on Addington
Drilling should begin this week on a gold bet 120 miles east of metro Toronto. Known as the Addington property, it has geological reserves of 785,000 tons grading 0.13 oz gold per ton, according to Ca…
Identifying the upcoming issues
The Canadian mineral industry has spent a great deal of time in the past decade reacting after the fact to changes in the economic, political and social environment that have seriously affected its pr…
Labor productivity doubles since 1981
The Mining Association of Canada (mac) has released results of a study which show that labor productivity in the country’s metal mining industry has doubled since 1981. George Miller, president of mac…
Nickel prices on LME really take off
The research department of a Toronto securities firm calls nickel the “star of 1987” among base metals. Judging by recent events, nickel could be in for another stellar performance this year. The meta…
Golden Range set to raise $1.6 million
Toronto-based Golden Range Resources says it will offer shareholders the right to acquire shares and warrants of its capital stock in a bid to raise more than $1.6 million. Golden Range says Canarim I…
Editorial Vancouver can rise to the challenge
The Vancouver Stock Exchange for years has lived with the reputation of being a cross between a casino and a floating crap game. It’s been a mixed blessing — a gambler’s paradise, an entrepreneur’s e…
Gold symposium will include Cape Spencer trip
A 4-day symposium on gold, featuring field trips to Gordex Minerals, the province’s primary gold producer, and to areas of other prominent gold occurrences, will be held in June in Saint John, N.B. …
City Resources President resigns
Ron Longstaffe has resigned as president and chief executive officer of City Resources (Canada) effective March 31. The company says “Mr Longstaffe has objectively assessed the priorities of the compa…
Western Mining names CEO to run Canadian Subsidiary
Australia-based Western Mining Corp. has named a new chief executive officer to run its Canadian subsidiary. Jim Lalor, Western’s general manager of investment projects, is scheduled to take up his ne…