Atlantic Report Bullish on Atlantic mine growth
Optimism about mine development in the Atlantic provinces was eviden t at the District 1 meeting of the Canadian Institute of Mining held in Halifax recently. Speakers at the opening session summarize…
1986
Novamin proceeds on private placement
Montreal-listed Novamin Inc. says it was proceeding in the last two weeks of November to a private placement of its common shares with a maximum of 50 investors resident in the province of Ontario. Th…
Queenstake Res. sees profit in its 1987 gold production
The production season has ended at Queenstake Resources’ placer operations in the Yukon and gold output was 5% higher than last year. More than 6,400 oz of gold was produced from three main properties…
Goldhurst to drill
A drill program is expected to start this week on Goldhurst Resource s’ gold prospect in Walters Twp., near Beardmore, Ont. The small 3,000-ft program will test several geophysical conductors which ha…
Deep hole clicks for Seabright Res
The first deep drill hole put down by Seabright Resources on the Beaver Dam property in Nova Scotia has intersected gold mineralization 700 ft deeper than any previous drilling. As a result of the sig…
Greenstrike to drill Fifteen Mile property
A 3,000-metre diamond drill program is slated by Greenstrike Gold Co rp. on the Fifteen Mile Stream gold property owned by Pan East Resources. The goal of the program is to expand the total in situ ge…
Zahavy and Getty re-activate Favourable Lake
A $7.8 million 2-phase exploration and development program has been approved by joint venture partners Zahavy Resources and Getty Resources that could lead to a production decision on the Favourable L…
Goldpost works on underground ramp
A decline ramp on the Hislop west property held by Goldpost Resource s is expected to be completed by year-end, the company says. Located in Hislop Twp., southeast of Matheson, Ont., the property also…
Drilling at Goldstrike significant: Franco Nevada
A preliminary drill program on the Goldstrike joint venture near Car lin Nev., points to the potential for mineralization at depths previously unexplored, reports Franco Nevada Mining Corp. President …
THE EDITORIAL PAGE Russians learn from us
It seems the Soviet mining industry could use some tips from Canad a on mine management, a not-too-surprising development when you consider the reputation Canada has around the world for mining expert…
Vancouver Stock Exchange Selective and narrow trading
Wednesday close, Dec 3 With market volume remaining at respectable levels, trading activity has been quite selective and directed at a fairly narrow range of speculative issues. Tuesday’s volume was 1…
Deep drilling by Noranda boosts potential of Ribago
Good drill results depth have increased the likelihood of going underground on the Ribago-Silidor project near Rouyn, Que., a joint venture of Noranda, Cambior and Cogesco Mining Resources. Cogesco is…