Placer, Longreach active on a B.C. platinum bet
Western Canada’s platinum potential has largely been unrecognized. But with the metal now selling at a premium to gold, major companies are actively exploring for platinum once again. Placer Developme…
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Report from Papua New Guinea Placer Pacific gold jewel in the crown
Events and achievements in minerals exploration in 1986 confirmed Papua New Guinea as one of the places to be for gold explorationists and producers alike. Precious metals exploration activity rose to…
Bighorn options Sulphurets bet
Bighorn Development Corp. has acquired an option from Catear Resources and a private Calgary- based company to earn up to 60% interest of approximately 54,000 acres in the Sulphurets area of British C…
The Graduating Class 1987 GOLD REPORT BEACON
Although the company hadn’t made the announcement by presstime, D’Or V al Mines will almost certainly be starting production this year on its Beacon No.2 mine, just east of Val d’Or, Que. The mill is …
Tax Angles, Flow- through shares and your RRSP
A number of 1986 mining flow- through share vehicles were structured so that the shares will be listed on a Canadian exchange and the actual shares delivered to the investors in January or February, 1…
Duration to explore Theresa gold bet LD
A detailed exploration program is planned on the Theresa Gold Mine property, south of Longlac, Ont., by Duration Mines. The property consists of two mining leases: 18 mining claims totalling 850 acres…
Annual Coal Review 1987 COAL REPORT BYRON CREEK
A world-wide oversupply of thermal coal forced Byron Creek Collieries (a wholly-owned subsidiary of Esso Resources Canada) to significantly reduce the scale of its operations at the Coal Mountain mine…
Rights offering
In a bid to eliminate its long- term debt, Mineral Resources International is planning a rights offering to common shareholders. The offering is being designed to raise up to $12 million for MRI which…
WHAT’S NEW Chainless Blasthole Drill
Milwaukee-based Bucyrus-Erie has tested a prototype blasthole drill in a coal mine in the central U.S. Called the 49-R, the drill was designed for high performance, ease of operation and long life wit…
Oasis reports reserves on Souart Twp property
Results of a gold exploration program on Oasis Resources’ Souart Twp. property, in northwestern Quebec, are generating interest. A gold-bearing structure 3,000 ft long and more than 750 ft deep is ope…
CROSS CUTS ZINC WAFER
Zinc oxide wafers are not the latest diet craze, unless you happen to have a yen for low-voltage current. But General Electric is pressing the compo und into a cookie-shaped form to prevent electrical…
The Graduating Class 1987 GOLD REPORT BELL CREEK
While it may not be a Dome or Hollinger, it’s going to be a good little mine for some years to come. The Bell Creek is the third new mine to be gin produc tion in the Timmins camp in the 1980s and the…