Funds in place
An arrangement to finance a $3-million exploration program during 1987 by placement of flow- through common shares to three funds has been announced by Wrightbar Mines. The funds involved are CMP 1987…
News
Toronto Stock Exchange Another madcap week with gold stealing the
The golds stole the show for yet another wild and woolly week on Bay Street. An amazing 445.55 pts was netted by the gold and silver index this week to close at an all time high of 7,888.71. With gain…
Editorial Mining has much at stake in trade agreement
The following is an excerpt from “Free Trade and the Mineral Industry in Canada,” a speech recently delivered by Debra P. Steger, a lawyer currently with McCarthy & McCarthy of Toronto. Security of …
Citadel busy with underground work
Citadel Gold Mines remains busy with exploration work on four properties near Wawa, Ont. At the former producing Surluga gold mine, Citadel is drifting and performing underground drilling. This work h…
Jascan earns interest in gold project
Jascan Resources has gained a 60% interest in the Dawson project, which has about one million tons of drill-indicated reserves grading 0.15 oz gold per ton, acquired from U.S. Borax & Chemical Corp. b…
Letter to the Editor Too much on Pezim?
I feel compelled to question The Northern Miner’s emergence as The Daily Telegraph of the mining world. Isn’t the amount of space and the ongoing repetition that you have accorded (Murray) Pezim’s juv…
Amselco study for Ridgeway
A feasibility study has been received by Galactic Resources from Amselco Minerals for the Ridgeway project near Columbia, S.C. Galactic says construction of a 15,000-ton-per-day process plant can begi…
Letters to editor Copper information wanted
I am interested in finding out more about the copper staking rush of the 1960s and the exploration camp, Coppermine River Ltd. at Hope Lake, near Coppermine, N.W.T. Specifically: the number of claims …
Holmer options claims to Chevron
Chevron Minerals will be spending approximately $700,000 this year on B.Y.G. Natural Resources’ Mt. Nansen gold property in the Yukon. The expenditure is almost identical to last year’s budget which w…
Firms discuss joint venture
Toronto-listed International Platinum Corp. has signed a letter of intent with Degussa A.G. to enter into further negotiations on a joint venture exploration agreement regarding several of the former’…
Kinbauri drilling gets weak results
Drilling on several properties held by Kinbauri Gold Corp. has yielded marginal results. On the company’s Morrisette property northeast of Kirkland Lake, Ont., one hole intersected a zone of anomalous…
Production dates set at Cargo and Kirkland
Production from the 200,000-ton bulk heap leach test at the Cargo Muchacho project in southern California is expected to start mid- March, says President H. Lutz Klingmann. Approximately 10,000 ft of …