REPORT FROM CALGARY Echo Bay may have a new mine
Good gold camps do not die — they just keep on living through the discovery of new mines. Such is the case of the Republic gold camp in northern Washington State, immediately south of Grand Forks, B….
News
Bear Lake purchases Greenwood crown grant
Bear Lake Resources has signed an option agreement for the purchase of the C.O.D. Crown Grant claim in the Jewel Lake area of British Columbia’s Greenwood mining division. Bear Lake will pay J. A. San…
Fired Inco Ltd. miners are back on the job
Inco Ltd. has reinstated seven miners who were fired from the company’s Frood Mine in Sudbury last October for dangerous mining practices, the company said recently. Inco says the miners, found taking…
Chelsea debenture
The placement of a $500,000 convertible debenture has been completed by Chelsea Resources. The debenture was placed with Lufer Corp. and is convertible at $2.35 per share over a one-year period. Chels…
Gold search leads in Ontario
The search for gold remains pre- eminent among Ontario’s prospectors and developers. More than $153 million or 44% of the provincial expenditures on exploration and development was spent on the search…
Metall Mining close to deal on Australia metals acquisition
It has yet to announce the major acquisitions which were promised during a June, 1987, launching, but executives from Toronto-based Metall Mining were far from subdued during a recent press conference…
McChip/Noranda venture showed good results
Under the terms of the joint venture agreement between McChip Resources and Noranda Exploration, a successful exploration program costing approximately $400,000 was carried out during the latter part …
Kootenay King starts work at Erie Creek
Preliminary exploration work has started at Kootenay King Resources’ Erie Creek gold prospect near Salmo, B.C. The company completed part of a $37,000 Stage 1 program, consisting of line cutting and g…
Normetal Mining options 72 claims
An option to acquire a 100% interest in 72 claims in Perron, Clermont and Desmeloizes twps. in northwestern Quebec has been acquired by Normetal Mining Exploration. The option, acquired from C. Salmis…
Aberfoyle’s reputation much larger than its size
With only 265 employees thinly spread over 4,000 km from Tasmania to Western Australia, base metal and gold miner Aberfoyle Ltd. (47%-owned by Cominco) has a reputation far larger than its size. “They…
Pezim ties up Grew Creek ground in the Yukon
Virtually all the ground on trend with the Grew Creek discovery of Noranda Exploration and Golden Nevada Resources has been tied up by Pezim Group companies including his fledgling merchant bank, Prim…
Gunnar gold joins Maritimes gold hunt
Gunnar Gold has announced that it will join the hunt for gold in the Maritimes with a $2-million diamond drilling program on the Fifteen Mile Stream property in Nova Scotia. The 4-drill, 30,000-ft exp…