Cogesco receives exploration funds
An agreement has been concluded between Cogesco Mining Resources and Cogesco Partnership 1987 and Co., Ltd. whereby Cogesco has received $1.35 million in return for 1,578,974 common shares of the comp…
News
Northern reunion
Former northern Ontario mining community residents now living in western Canada are invited to attend the 3rd annual Northern Ontario Reunion on Sept 26 at the Derrick Golf and Winter Club in Edmonton…
owl Creek, Hoyle Pond are attracting interest
There’s been a lot of potential buyer interest since it was reported that Falconbridge Ltd. was considering selling off its Owl Creek and Hoyle Pond gold mines at Timmins, Ont., according to Falconbri…
Drilling under way at Gwillim project
Drilling is under way on Greenstone Resources’ Gwillim gold mine property in the Chibougamau area of Quebec, President Ian Park reports. The drilling is being undertaken by Flanagan McAdam Resources a…
Northair fends off hostile takeover bid
As anticipated, Northair Mines successfully defended a hostile takeover bid by Nanaimo-based Nor-Quest Resources. At the annual meeting a relieved Northair President Donald A. McLeod announced almost …
Noble Peak adds a drill to Rankin Inlet exploration
After receiving some encouraging exploration results earlier this year, Noble Peak Resources is introducing an expanded drilling program at its Happy Lake project southwest of Rankin Inlet, N.W.T. As …
CME seeks control of Pine Bell Mines
If shareholders of CME Capital Inc. approve the transaction at a special meeting to be called shortly, this company will take over control of Pine Bell Mines. The proposal is to acquire l,950,000 shar…
Coxheath uncovers gold-bearing zone
A new gold-bearing zone has been discovered by Coxheath Gold Holdings on its Tangier property located 50 mi northeast of Halifax, N.S. President Michael Riddell reports the following assays of drill c…
MRI into black in current year
Mineral Resources International reports earnings of $3,581,000, or 23 cents a share for the year ended March 31, compared with a loss of $1,453,000 or 10 cents a share, in the previous year. Revenue …
Vancouver Stock Exchange Market ignores base metals prices
There’s really not too much excitment here at present. Stocks are generally trading within narrow ranges and firmer gold prices have generally been greeted with a big yawn. By presstime the VSE index …
Property undergoes feasibility study
A feasibility study on the former producing Lady Blue mine located south of Kirkland Lake, Ont., is being performed by Silver Bar Mines of North Bay, President R. A. Gilson reports. The Lady Blue mine…
Mining omitted by Ottawa in program for Ontario
Mining observers here say a $55-million economic development program announced July 13 doesn’t do much for the industry. Michel Cote, minister of regional industrial expansion, and James Kelleher, fed…