Comaplex awaits drill results
With diamond drilling under way on three of its properties. Comaplex Resources International is now waiting for the results to start coming in, reports President George F. Fink. A minimum 10,000-ft di…
News
Mining industry demands equitable treatment
This country’s mining industry presented a strong case to a meeting of energy and mines ministers here for more equitable treatment in the face of historically low commodity prices. Although the crisi…
Greenstrike gets Alberta listing
Greenstrike Gold Corp., a new company managed and controlled by the principals of Calgary-based Petromet Resources, has been listed on the Alberta Stock Exchange. With about 2.7 million shares outstan…
Multinational in U.S. offshore test of heavy minerals
Multinational Resources Inc. (U.S.), a wholly-owned subsidiary of Multinational Resources Inc., Vancouver, will participate in the first major offshore test for heavy mineral sands, off the mouth of t…
Emerald Isle busy on Kenty gold bet
Exploration is under way on the Kenty gold prospect wholly-owned by Emerald Isle Resources. Located about 75 miles southwest of Timmins, Ont., the property consists of a contiguous block of 16 patente…
Newmont high grade results on Golden Shield property
Several high grade gold showings have been discovered by Newmont Exploration of Canada during field work on ground optioned from Golden Shield Resources. Located in Hoblitzell Twp., Ont., the property…
Raleigh Energy buys interest in Powder Metals
Copper powder is a fast-growing specialty market which has attracted Vancouver- based Raleigh Energy. The company recently acquired approximately 40% of Powder Metals Australia which has a number of g…
Inco to open its Crean Hill mine
An additional capital expenditure of $40 million will be made by Inco Ltd. at its Sudbury, Ont., nickel mining operations. Over a 2-year period, the world’s largest nickel miner plans to spend $25 mil…
Lakeshore Minerals acquires properties
Lakeshore Minerals has acquired four mineral prospects. These include 22 claims in Notman Twp., and 8 claims in Chelsey Twp., Ont. The purchase price was $4,200 and 400,000 of the company’s common sha…
Teck takes option on Fleck’s platinum bet
In a move that could bring its Marathon, Ont., platinum group metals (PGM) deposit to a production decision as early as late next year, Fleck Resources has signed a letter of intent with Teck Corp. in…
Klondex starts development on Nevada property
Klondex Mines has completed an arrangement for an immediate drilling and development program on its Fire Creek heap leach gold project in Nevada, a joint venture with Alma American Mining Corp. Two pr…
TSE 24-hr trading?
The Toronto Stock Exchange will be initiating a pilot program of a 24-hour trading system in the near future, John Kolosky, director of market operations tells The Northern Miner. He says the TSE has …