Editorial: Potash producers reel
The mining industry in this country, heavily dependent on export mar kets, is unquestionably hurting, though hardly as sorely as is the oil and gas sector. Root of the malaise is the fierce foreign co…
News
News in Brief (October 06, 1986)
McGarry Minerals, which reports completion of an exploration/evaluation program on its Cairo Twp., Ont., gold prospect, says no further work or expenditure on the property is warranted. The program co…
X-Cal to drill at Anderson Lake
A diamond drill program is scheduled to begin this month on its Anderson Lake and Pilot properties in the Bralorne area of B.C., reports X-Cal Resources President Shawn Kennedy. Drill sites are being …
Open pit Potential seen for Yukon gold prospect
A major exploration program financed by Chevron Minerals has outlined significant gold mineralization on a property in the Yukon held under option from Vancouver-based B.Y.G. Natural Resources. What i…
Chances remote for an open pit at Giant Bay bet
Giant Bay Resources, which had hoped initial mining from its Gordon Lake gold property in the Northwest Territories could have been open pit, says that possibility “now seems highly unlikely.” The com…
Montreal Exchange: Mazarin makes gains
Wednesday close, Oct 1 Word that Quebec prospector Peter Ferderber backed by a syndicate of 12 investors had made a significant platinum discovery north of Schefferville, Que., added to Mazarin’s fort…
Alberta Stock Exchange Conquest takes jump
Wednesday close, Oct 1 Trading this week on the Alberta exchange slid below last week’s level, with 5,096,200 shares traded in the latest period. One of the hottest stocks on the Alberta board was Con…
Noranda OKs production on rich Isle Dieu orebody
What is so far a small but very rich zinc-silver-copper deposit near Matagami in northwestern Quebec is being put into production by Noranda Minerals at a cost of $35 million. Site preparation on the …
Lac, Cambior to double mill capacity at Doyon
There’s going to be a lot more ore coming from the Doyon gold mine in northwestern Quebec, the underpinning of two major mining companies, so management has decided to spend $16 million to double mill…
Lacana and partners make silver discovery in N.B.
A surface prospecting program carried out by Lacana Mining Corp. and members of the M.E.X. joint venture in New Brunswick, has led to the discovery of a mineralized zone rich in silver. The partners, …
Borealis hits good grades in virgin greenstone belt
Drilling by Alberta-listed Borealis Exploration on the so-called south zone near Fat Lake in the Keweetin District of the N.W.T. has intersected a 15-ft section grading 0.71 oz gold per ton which incl…
Gold ’86 big success
More than 1,400 geologists and mining industry representatives from around the world converged on Toronto for Gold ’86; a symposium on the geology of gold deposits. The organizers were especially plea…