Drilling under way on Diana, CFC bet
Drilling has begun on the Queylus Twp., Que., gold property held under option by Diana Resources. Project operator Corporation Falconbridge Copper plans to spend $427,255 on the property following up …
News
Baroque arranges private placements
Private placements for $700,000 have been arranged by Vancouver- listed Baroque Resources. Of that amount, $350,000 is with CMP 1987 Resource Partnership and Company, Ltd. and $350,000 is with CMP 198…
U.S. die casters reduce use of zinc for second year
Consumption of domestically produced zinc die castings declined 6.9% by weight in 1985, mirroring the downturn in other material consumption areas during that year, says the New York-based Zinc Instit…
SherrGold’s MacLellan gold mine in northern Manitoba has commenced
During the month of January tonnage milled reached 70% of the designed rate of 26,600 tonnes, and full production is anticipated within a few months. The mill started processing ore in July. The first…
News in Brief (February 16, 1987)
Mon-Dor Explorations says it has discovered a new gold zone on its Weir project in the Gaspe area of Quebec. First drilling results on the Diane zone have returned 0.40 oz gold per ton on average widt…
Editorial Centre of Excellence
The Speech from the Throne delivered in Ontario’s legislature last year announced the creation of a Premier’s Council charged with a mandate to “steer Ontario into the forefront of economic leadership…
Atlantic report Rosy picture for Nova Scotia gold
Optimism about Nova Scotia’s gold mining future was the keynote of the Nova Scotia Chamber of Mineral Resources’ fifth annual meeting, held recently in Halifax. A gold exploration update was featured,…
Dickenson reports better net earnings
Dickenson Mines reports preliminary net earnings for the year ended Dec 31, before extraordinary items, of $4,140,000 or 36 cents per share compared to $1,707,000 or 16 cents per share in 1985. Net e…
Montreal Exchange NAR resumes climb
The volume leader on the Montreal Exchange this week was, once again, North American Rare Metals. NAR traded 728,300 shares and moved up 23 cents to close at 78 cents as it continues to work on its …
Explorco to earn interest in St Joe’s Manitou Lake bet
Explorco Properties, the wholly- owned subsidiary of Canadian Lencourt Mines has signed an agreement with St. Joe Canada Inc. to acquire a working interest in the Manitou Lake project in northwestern …
Golden Shadow bet drilled by Noramco
A total of 5,100 m of diamond drilling will be completed on the Central Patricia property held by Golden Shadow Resources. The work will be completed by Noramco Explorations, a private company control…
Falconbridge nets $75 m(US) for sale of Western Platinum
Adding to its list of recent asset sell-offs, Falconbridge Ltd has picked up $75 million (US) for the sale of its 49% equity interest in Western Platinum, a South African producer of platinum group me…