Lively intersection by San Paulo at Leitch mine
A discovery that could well prove important has been made by San Paulo Explorations in an exploratory drill hole in a program it has recently started on the Leitch mine property at Beardmore in northw…
1987
Christmas Cheer absent amongst market traders
There was little seasonal cheer for the majority of the resource issues on The Toronto Stock Exchange this week. Sloppy, directionless trading and continuing nervousness following the Oct 19th de…
Former employees at Gaspe Copper to get assistance
The Gaspe Copper division of Noranda Minerals at Murdochville, Que., has set up an initial fund of $1 million to help former employees at the Gaspe Copper mine dispose of their homes in Murdochville. …
Ferronickel export duty hits at Falconbridge
Faced by imposition of an unexpected 25% export duty on shipments of ferronickel from the operations of subsidiary Falconbridge Dominicana C por A in the Dominican Republic, Falconbridge Ltd has halte…
Louisiana leads the way
In a week when a number of issues posted substantial gains, the Louisiana Mining issue lead the way with a 65 cents increase on its share price. According to Louisiana, the shares were responding to …
More exploration, development on agenda for Belmoral Mines
In a strong financial position today compared with recent years, Belmoral Mines will be placing more emphasis on exploration and development, says the company’s new president. “We have to dedicate our…
Golden Zone gets drilling results
A 10,000-ft drill program carried out by Golden Zone Developments has extended the mineralized zones in the breccia pipe on its Golden Zone gold- silver prospect in south-central Alaska. The Golden Zo…
Supreme Court to hear appeal by Lac
The legal battle surrounding ownership of the Page Williams mine in the Hemlo gold camp in northern Ontario has moved on to the next — and final — stage. The Supreme Court of Canada has given Lac Mi…
Inspiration, Minorco deal will form new gold company Set for two
A new partnership, designed to search for and acquire gold reserves in North America, is being formed by Minorco and Inspiration Resources Corp. The partnership will consist of all the assets of Inspi…
Villeneuve gets Sturgeon option
Villeneuve Resources has signed an optioned agreement giving the company the right to earn a 100% interest in 93 claims near Sturgeon Lake in northwestern Ontario. Located near the former producing St…
Work starting soon on White-Guyat bet
Work on the first stage of a phase- two exploration program is expected to start shortly on the property of White-Guyat Mining in Munro Twp., north of Kirkland Lake, Ont. President John White says the…
Ottawa changes 1947 Act affecting Hudson Bay M/S
Amendments have been made to a 40-year-old federal Act governing health and safety rules affecting the operations of Hudson Bay Mining and Smelting in the Flin Flon mineral area of Manitoba and Saskat…