Reserves increased for Cominco Resources
Cominco Resources International says it has increased potential copper-cobalt reserves at its Sheep Creek project in Montana. The property falls under a joint venture agreement with BHP-Utah Minerals …
News
Geodome subsidiary awaits approval for gold project
A wholly-owned subsidiary of Geodome Resources is hoping to pour its first gold bar within a year at its Jordan Creek open pit project in Idaho. Sunbeam Mining reports it is planning to start plant co…
Underground work starts at Esperanza Tillicum bet
An underground development program is under way at Esperanza Explorations’ Tillicum gold property in the Nelson area of B.C. By the first w eek in July, the 2,112 level had advanced another 220 ft and…
COATS Trading Features (July 20, 1987)
Langis Silver Cobalt was one of the week’s best performers. It was up 30 cents to close at $1.40. Although no formal decision has been made, a 1,200-ft shaft is planned to develop one of the company’…
Bay, Jilbey excited about Fontana mine potential
Drilling was recently completed on the Fontana property in Duverny Twp., near Amos, Que., Bay Resources and Services reports. Bay has a 75% interest in the property, with Jilbey Industries holding the…
NSR helps finance exploration work on Rand Malartic
Toronto-based NSR Resources has obtained regulatory and shareholder approval to finance about half of a $4.4-million exploration program at the Rand Malartic property in Quebec. The balance of the fun…
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…
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 …