St Joe says it’s a go on the Golden Patricia
Just 14 months after pulling the first discovery hole on the Golden Patricia property near Pickle Lake, Ont., St. Joe Canada has said yes to production go-ahead. Though costs are now being fine tuned,…
News
Viceroy Resources extends a zone of high grade
Recent drilling has extended a zone of high grade mineralization at Viceroy Resource Corp.’s Castle Mountain property in California. The Lesley Ann deposit has been outlined over a width of 600 ft and…
Boliden selling its interest in Great Lakes
Control of Great Lakes Nickel will pass to a private company, if a deal with Boliden AB is completed. Boliden, a Swedish mining company, has entered into an agreement to sell its 29% stake in Great La…
Queries What ever happened to Nickel Rim?
What-ever happened to Nickel Rim Mines’ plans to change its name to Colosseum Gold Mines? P.O., Toronto, Ont. Phew] Where does one begin? As recalled last July the shareholders of Toronto-listed Nic…
Canamax increasing interest in Kremzar
Canamax Resources plans to pay $9 million for the remaining 50% interest in the Kremzar gold property near Wawa, Ont. The Algoma Steel Corp., which holds the interest through its 93%-owned Kremzar Gol…
PRODUCER PRICES (March 23, 1987)
ALUMINUM: MW U.S. Market 62.50 cents -64.00 cents per lb. (Mar 5, 1987). ANTIMONY: New York dealer $1.08-$1.14 per lb. (Feb 26, 1987). BISMUTH: New York dealer $2.50-$2.70 per lb. (Feb 26, 1987). CADM…
Newfields and Teck reach agreement for Kirkland Lake
The terms of an agreement have been settled between Newfields Minerals and Teck Corp. regarding the companies’ respective properties in the Kirkland Lake gold camp of Ontario. Newfields may earn a 50%…
Gold jumps to 2nd place in Ontario
Gold jumped into second place behind nickel as Ontario’s most important mineral in terms of value in 1986, the province’s ministry of northern development and mines reports. The value of production of…
Editorial Throwing out the baby with the bathwater
The following guest editorial on the vital subject of flow-through financing was written by John Playfair and Barry Dent, tax partners at Clarkson, Gordon, Toronto, and authors of a regular tax column…
Production decision nearing for Chesbar
Exploration work by Chesbar Resources is progressing well on the Chester Twp. property in northern Ontario, so well in fact that a decision may be made this summer on going into gold production. Chesb…
Sulphide content of zone identified
A silicified shear zone well mineralized with sulphides has been intersected over a core length of 60 ft in drill hole No 2 on St. Genevieve Resources’ Casa Berardi- Laberge gold property in northwest…
Canada Tungsten sells interest in Queenstake
Hurting from a dismal tungsten market, Canada Tungsten Mining has decided to sell its 32% interest in Queenstake Rsources. That equity position represents about 1.98 million shares and a market value …