Too much emphasis on gold?
The mining industry’s heavy emphasis on gold is endangering the continuity of Canada’s base metals sector after the mid-1990s, warns the federal Department of Energy, Mines and Resources. “A projectio…
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Tailings projects highlight Pamour’s $100-million plans
The Pamour Group of companies — Giant Yellowknife Mines, operator of five mines in Timmins and one in Yellowknife; ERG Resources, operator of a tailings retreatment project in Timmins; and Pamorex In…
Cal Graphite defies critics with production decision
Lively, Ont.-based Cal Graphite has confounded the skeptics by announcing production at its Graphite Lake property near Huntsville, Ont. Located in Butt Twp. the 1,000-acre property has been the subje…
Central Crude encouraged by Eagle River results
Central Crude of Toronto has released results of preliminary work at the company’s 118-claim Eagle River project in the Mishibishu Lake area, 40 miles southeast of Hemlo, Ont. The claims were optioned…
Aber land position has PGM potential
A large land position covering a new type of geological environment for gold and platinum group metals has been picked up by Aber Resources in the Northwest Territories. Victor A. Tanaka, vice-preside…
Chelsea secures new financing
Two private placements have been completed by Chelsea Resources which will net the company $2.4 million. In addition, it has a commitment to place 400,000 units consisting of one share at $5 and a war…
COATS Trading Features (October 26, 1987)
The market collapse of Oct 19, which is becoming known as the infamous Black Monday, made certain not to ignore the poor cousins of the Toronto Stock Exchange — the coats-listed issues. Chance Mining…
Freewest, partners hit north of Wawa
Encouraging drill results have been returned from a program being conducted by joint venture partners Freewest Resources, Noranda Exploration, Prophet Resources and Cline Development. The work is bein…
Hysteria fuels collapse of ’87
Like lemmings, investors swarmed over the precipice, pulling global stock markets into a crash the likes of which has never before been witnessed in financial history. Black Monday, as the investment …
Abermin underground program at Lara to cost $1.7 million -2 col 24
A major underground program is scheduled early next year at Abermin Corp.’s Lara property on Vancouver Island. The decline will explore the high grade Coronation zone “prior to final feasibility and a…
Nexus Group busy on Island-2 col 24TR Inside please
The largest recipient of flow-through dollars from First Exploration Fund 1987 is the Nexus Group which includes Nexus Resource Corp., Angle Resources and Reward Resources. The companies have signed u…
Inco Gold involved in Brazilian project
Development of a gold prospect in Brazil which is expected to yield about 3.7 million g (120,000 oz) gold per year and in which two affiliates of Inco Gold are partners, is under way. Capital cost of …