News

Royex Gold Mining has apparently given up its intention of accumulating a 50% interest in Canadian Premium Resource Corp. as a means of gaining a stake in northern Saskatchewan’s Jolu gold property an…

With plans of a drilling program this year Camreco Inc. is going “to try to make something out of” the Goldlund Mines’ mining and milling operation on 83 contiguous claims near Sioux Lookout in northw…

Scintrex Ltd. has signed a $1 million contract with the Ministry of Nuclear Industry of the People’s Republic of China to outfit an aircraft with a complex airborne geophysical system including a high…

Management of Nor-Acme Mines is hoping to complete an agreement between Nor-Acme and another company within “two to three months,” director David Mosher tells The Northern Miner. If successfully compl…

Gibraltar Mines has approved the filing of a preliminary prospectus for a common share issue which should raise about $5.8 million. Some 554,546 shares will be sold at a price of $8.25 each by the com…

Tashota-Nipigon Mines says it has acquired the right to earn a 25% interest in two advanced gold projects in Quebec and British Columbia. One of the properties is the former McWatters gold mine near R…

Additional exploration at Citadel Gold Mines property near Wawa, Ont., will be funded by a $2.5-million flow-through share offering made to CMP Funds Management. The former producing mine has been dew…

Jilbey Industries says diamond drilling and other work, including an IP survey, is under way on its 16-claim property in Duverny Twp. near Amos, Que., with Bay Resources and Services as operator. Jilb…

Cobalt has proved to be one of the most volatile of minerals in the past year, due largely to the shifting sands of African politics rather than purely economic factors. “Cobalt carries more geopoliti…

Drilling by partners Glen Auden Resources and Adola Mining has yielded encouraging results from their Taylor Twp., Ont., gold prospect. Located east of Timmins, the property covers a section of the De…

A tendency for gold prices to hit a seasonal peak early in a new year could be repeated in 1987, says Paul Roberts, a mines and metals analyst with Andras Research Capital. He is not alone. The tradit…

Comaplex Resources International reports reductions in sales, cash flow and net profits for the first nine months of 1986 compared with the same period in 1985. Although revenue from the minerals divi…