N ovaGold, Northumberland to merge
Two junior Nova Scotia gold explorers are planning a big Maritime wedding.Presidents Gerald McConnell, a Halifax lawyer, and geologist Dr William Young of Toronto, have agreed to amalgamate their tw…
News
Montreal Exchange: Freewest options bet
Montreal junior Freewest Resources has struck a deal with an Australian mining firm. A subsidiary of “down under” company Ashton Mining has acquired an option from Freewest to earn a 65% interest in t…
Letters to the Editor Cominco’s smelter means U.S. jobs
Recent press reports have wrongly portrayed Cominco’s large zinc-lead-fertilizer complex at Trail as a threat to employment in Montana and Idaho (N.M., Feb 1/88). The reverse is true. Cominco’s smelte…
Westar seeks debt relief, along with higher prices
Calling himself an “eternal optimist,” Westar Mining President Peter Dolezal is confident the coal company’s problems will be turned around. The problems, he says, are threefold. Coal prices are too l…
Metal Snips (February 29, 1988)
World crude steel output rose to 734.7 million tonnes in 1987, 2.7% above the tonnage produced in 1986, according to preliminary figures issued by the International Iron and Steel Institute.
Minefinders pleased by drill results
Drilling in 1987 returned encouraging results from a section of a shear zone which appears to extend entirely across the East Group gold property in Dubuisson Twp. near Val d’Or, Que., Minefinders Cor…
Silverside reports new Garrison zone
A new zone of gold mineralization has been discovered 260 ft north of Zone 5, which trends east- west, on the Garrison property in the Matheson area of northern Ontario, Silverside Resources reports. …
CSA soliciting proxies in fight against Equity board
A proposed plan to merge two closed-end flow-through investment funds into an operating mining finance house, is being opposed by CSA Management Ltd. Officers of Equity Preservation Corp. and Equity R…
St Andrew’s mill work awaits debt financing
St Andrew Goldfields is ready to start driving piles to support mill buildings and a surface crusher at its Stock Twp., gold property east of here. All that remains now is a favorable end to current d…
Radcliffe gets assays from North Lake drill
Encouraging assays are reported from the first hole of a 10-hole program on Radcliffe Resources’ North Lake prospect in the La Ronge district of Saskatchewan. The hole had four 6-ft intersections grad…
Editorial Never mind the subs, let’s get mines
Assuming the current high rates of growth in this country continue, the federal government will be “within shooting distance” of a balanced budget by the mid-1990s, Finance Minister Michael Wilson tol…
In the black, Royex plans more exploration activity
Solid financially after recording a profitable year in fiscal 1987, Royex Gold Mining is planning to beef up its exploration side and that of its associated companies. Addressing the topic of explorat…