Adjustment in tax rates needed by coalindustry
The Coal Association of Canada has recommended major tax structure changes to ensure that the coal industry remains viable in the face of stiff international competition. Addressing a media briefing i…
News
Madeleine arranges additional funding
Additional funding has been arranged for Madeleine Mines, which is developing a large paladium-platinum-nickel-copper deposit in the Lac Des Iles area of northwestern Ontario. The company reports that…
People (December 22, 1986)
INCO LTD – Hon. John Black Aird elected a director.
Letters to the Editor Raise red alarm flag
We read with interest the continuing debate by the Ontario Securities Commission and the Thompson Committee regarding the commissions paid on financings raised by the “broker-dealers.” Disregarding th…
Roxmark drilling in Geraldton area
Drilling has started with two rigs on the Geraldton, Ont., holdings of Toronto-listed Roxmark Mines. Approximately, 10,300 ft of surface drilling is scheduled for completion by Feb 28, 1987, President…
Goldpost hits good hole in Timmins area gold bet
The Timmins, Ont., area, already stirred by the recent gold discovery of Syngold Exploration, is being further stimulated by drill results from another junior working in the area. Goldpost Resources r…
Petromet/RCI reach agreement
An agreement has been reached between Petromet Resources and Resource Capital International (RCI) whereby RCI will subscribe for 150,000 units of Petromet for a total price of $360,000. Each unit cons…
Quebec Explorers’ underground drilling could boost reserves
Quebec Explorers plans to spend $1.3 million for exploration aimed at increasing reserves on its Dubuisson Twp. property in northwestern Quebec from 440,000 tons grading 0.21 oz gold per ton already i…
Insider trading of Belmoral raises takeover speculation
Insider trading in shares of Belmoral Mines has led to renewed speculation that the gold mining company may be the subject of a takeover bid. While recent insider trading has not shifted control of th…
Sonora, Pathfinder project After two years of delay, Jamestown to
Milling of ore at a rate of 6,000 tons per day from the Harvard open pit is scheduled to begin this week at Sonora Gold Corp’s Jamestown gold mine in California. For the management of Sonora, the anno…
Aunore drills Elder
Additional surface diamond drilling is being performed by Aunore Resources and partner Nova Beaucage Mines on their joint ventured Elder mine property near Rouyn, Que. The work is designed to test f…
Teck/Tundra considering underground exploration
The first underground drill hole, completed from the 1,800-ft level of the shutdown Lamaque gold mine near Val d’Or, Que., has intersected encouraging gold mineralization, partners Teck Corp. and Tund…