New zones spotted on Peralto gold bets
Peralto Resources says it has located three zones of intense silicification, with characteristics similar to known mineral bodies in the Toodoggone gold area, on the company’s holdings in the northern…
News
Alberta Stock Exchange La Ronge boosts Claude
Wednesday close, Sept 24 Trading this week on lthe Alberta exchange was on the uptick with 6,366,200 shares changing hands. Claude Resources Inc., which is working with major Placer Development on a p…
Reject settlement at Horne division
Noranda Minerals’ Horne Division said early in the week its employees, members of the Confederation of National Trade Unions, CNTU, had voted 66% in favor of rejecting a proposal for settlement recomm…
Placer reduces office staff in Vancouver
Placer Development has announced a review of the organization and staffing of its principal office in Vancouver. The review was carried out in recognition of the continuing need for cost effectiveness…
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…
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…