Drilling planned on Roxwell project
Drilling should start this February on Roxwell Gold Mines’ MOS project 50 miles northwest of Yellowknife, N.W.T. The property falls under an option agreement with Canamax Resources. Canamax can earn a…
News
Granges/Abermin close to decision on Tartan Lake
A 500-ton modular mill will likely be operating at an initial rate of 250 tons per day by late March at Tartan Lake, eight miles northeast of Flin Flon, Man., according to project operator Granges Exp…
News in Brief (January 12, 1987)
Joutel Resources reports negotiations to divest itself of its U.S oil and gas interests have been successfully concluded with the sale of its wholly-owned U.S. subsidiary to a private U.S group.
Vancouver Stock Exchange Bullish psychology not shrinking
The market psychology on Vancouver has turned exceptionally bullish, reflecting in part the sentiment on the Toronto and New York stock exchanges, which were quick off the starting block in 1987. Gold…
Glen Auden has exposure to $5m. in gold exploration
With more than 1,700 claims staked in the Casa Berardi area, a large tract of ground striking across the Ontario-Quebec border, Glen Auden Resources expects to be exposed to more than $5 million of ex…
Tandem gears up for exploration
As a result of several agreements, this year is shaping up to be busy exploration-wise for Tandem Resources. This Montreal- and Vancouver- listed company has entered into an agreement with Q.M.E. 1987…
Letters to the Editor Canadian mining expertise
I refer to your recent editorial Russians learn from us, concerning publication in that country of a Canadian book on mine management. As the U.S.S.R. marketing manager for a Canadian-based manufactur…
Metals Report Giscard d’Estaing may help gold
Remember Valery Giscard d’Estaing? You’re not alone if the name only vaguely conjures up images of an aloof, patrician French politician from an age long past, an age when Bjorn Borg ruled the tennis …
Interlake stops
Interlake Development says no further drilling is planned on its Hemlo, Ont., property following drilling of hole IL-2Y to a depth of 6,163 ft. Hole IL-2Y intersected the Moose Lake formation from 4,6…
Gold production at Galactic Res. up to 55,000 oz.
Galactic Resources reports December gold production of approximately 6,700 oz from the Summitville, Colo., mine, bringing total gold equivalent production to approximately 55,000 oz, since the initiat…
Aur and CMP reach agreement
Toronto-listed Aur Resources has entered into agreements with CMP 1987 (Quebec) Resources Partnership and Co. and CMP 1987 Resources Partnership and Co. for the provision of flow-through financing for…
Perrex to probe three properties
Perrex Resources plans to spend $475,000 on exploration of the company’s 103-claim property in Harker and Elliott twps., Ont. Located north of Kirkland Lake, Ont., the properties cover structures beli…