EDITORIAL Steelworkers’ irony
It’s ironic that Gerard Docquier would come down so clearly against free trade. His comments as national director of the 160,000 Canadian members of the United Steelworkers of America seem to be an ex…
1987
News-in-brief (December 07, 1987)
Tse- and vse-listed U.S. Precious Metals Inc. has arranged a private placement of 900,000 shares for $629,000. The placement includes warrants good for an additonal 900,000 shares at 85 cents within …
Financial position healthy as Ronrico drills Louvicourt bet
Now in a much healthier financial position and with revenues of more than $600,000(us) annually still flowing from its U.S. oil and gas interests, Ronrico Explorations is turning strongly to gold. The…
Eastmaque to produce
The commissioning of a tailings reclamation project by Eastmaque Gold Mines is expected to start in December, the company says. The project will process gold mine tailings in the Kirkland Lake, Ont., …
Richwell buys mill for Blackstone ore
A 65 ton-per- day mill will begin processing ore from Richwell Resources’ Blackstone gold property in Elmore Cty., Idaho, by mid-January. The mill, which cost $135,000, is being installed in Fairfield…
Baroque drilling two bets at Miminiska Lk.
A total of 10,000 ft of drilling is planned by vse-listed Baroque Resources on two properties optioned from Homestake Mineral Development and Conwest Exploration in the Miminiska Lake area of Thunder …
Mark V aims to revive Montana’s Bagdad mine
Mark V Petroleums and Mines has received some encouraging assay results from its wholly-owned Bagdad Gold property in Granite Cty., Mont. After lying idle for over 40 years the property was rediscover…
Agnico statement expected in early ’88
A statement of defence in a lawsuit involving plaintiff Noranda Inc. and the defendants, Agnico-Eagle Mines, Mentor Exploration and Development and Dumagami Mines is expected to be filed in early 1988…
Gldn Terrace makes second discovery at Richardson Lk
Deeper drilling, to 500 ft, has doubled inferred reserves on the Richardson Lake property, 70 miles east of Red Lake, Ont. Owned and operated by Golden Terrace Resources the project now has 200,000 to…
Pickle-Opapimiskan a big producer by 1990s
By the early 1990s, the Pickle- Opapimiskan Lakes area in northwestern Ontario could have four gold mines in operation producing more than 200,000 oz of gold. Such a production forecast, combined with…
Silverado to produce
Silverado Mines plans to start a small gold mining operation this month at its Grant property, near Fairbanks, Alaska. A 300-ton-per- day mill is on site which will process material from three zones a…
Ateba flush with Pan-Empire success makes new gold finds
With the Pan-Empire mill in Beardmore, Ont., operating up to snuff at rates of 200 tons per day, tse-listed Ateba Mines Inc. has taken a giant step in finding more ore to feed that mill. Company geolo…