McFinley buying back in Red Lake gold project
McFinley Red Lake Mines, which holds a 50% stake in the McFinley gol d project, will purchase the remaining 50% stake from partners Phoenix Gold Mines and The Coniagas Mines. The purchase price is $3 …
News
Metals Report Zinc’s decline may be overdone
Zinc prices have been a veritable roller coaster this year moving to extremes on both the upside and downside. Overeaction seems to be the byword for this important industrial metal as prices swing do…
Montreal Exchange Vior up sharply
Wednesday close, Dec 3 Overburden drilling on Inco and Cambior’s Douay Twp. property in the Casa Berardi area of northwestern Quebec are “very, very spectacular” says Claude St. Jacques, president of …
Naneco production decision expected
A production decision for the Longstreet and Johnson Gulch gold prop erties controlled by Naneco Resources could be made in 1987, the company says in its annual report. The company says that as deline…
Management control of Golden Knight goes to Teck Corp.
It appears that Teck Corp. has secured a major position in what will almost certainly become another large gold producer — the Inco-Golden Knight project in Quebec’s Casa Berardi area. Teck recently …
Novamin cuts high grade gold near Cadillac
Early results from a drilling program started Nov 6 by Novamin Resou rces east of Cadillac in northwestern Quebec have returned some good values including one high grade hole. Of 11 holes drilled on t…
Obituary Verne Drake
Verne Drake, a former manager at Orlac Red Lake Mines in northwester n Ontario, has died in Saskatoon, at age 70. A graduate in mining engineering from the University of Alberta, Mr Drake spent a good…
Red Dog, Con mine see Cominco action
As anticipated, Cominco has decided to develop the Red Dog deposit in Alaska which will be the largest zinc producer in the western world when it comes on-stream in 1991. The decision coincides closel…
Nuinsco’s Cameron Lake ready for 2,700 ft ramp
Site preparations have been completed on Nuinsco Resources’ Cameron Lake gold property in readiness to drive the 2,700-ft-long ramp in the $3.6-million phase one underground exploration program funded…
Profit up for Queenston Gold
Queenston Gold Mines reports net income of $793,000 for the nine mon ths to Sept 30, nearly double the income figure of $440,000 recorded in the similar period last year. President Michael Gray says t…
Queries Tyler Resources remaining active
I understand Tyler Resources is active in the LaRonge area of Saskatchewan. Can you bring me up-to-date on the company? C.D. Toronto, Ont. You’re quite right. Tyler Resources recently acquired an op…
Cuvier suing Noranda Expl. over claims
Toronto-listed Cuvier Mines says that, together with its subsidiary Vancouver-listed Golden Hind Ventures, it is starting action in the Supreme Court of Newfoundland for the recovery of certain gold m…