Novamin proceeds on private placement
Montreal-listed Novamin Inc. says it was proceeding in the last two weeks of November to a private placement of its common shares with a maximum of 50 investors resident in the province of Ontario. Th…
News
Queenstake Res. sees profit in its 1987 gold production
The production season has ended at Queenstake Resources’ placer operations in the Yukon and gold output was 5% higher than last year. More than 6,400 oz of gold was produced from three main properties…
Goldhurst to drill
A drill program is expected to start this week on Goldhurst Resource s’ gold prospect in Walters Twp., near Beardmore, Ont. The small 3,000-ft program will test several geophysical conductors which ha…
People (December 08, 1986)
THE URANIUM INSTITUTE — Jan Murray appointed secretary-general succeeding Terence Price who is retiring.
Deep hole clicks for Seabright Res
The first deep drill hole put down by Seabright Resources on the Beaver Dam property in Nova Scotia has intersected gold mineralization 700 ft deeper than any previous drilling. As a result of the sig…
Norbeau plans deep drilling at Chibougamau
Norbeau Mines plans to drill six deep holes from surface on its Chibougamau property in northwestern Quebec to test the continuity of the Main and No 4 veins below the 1,000-ft level. Cost of the prog…
Greenstrike to drill Fifteen Mile property
A 3,000-metre diamond drill program is slated by Greenstrike Gold Co rp. on the Fifteen Mile Stream gold property owned by Pan East Resources. The goal of the program is to expand the total in situ ge…
Open pit journal to be launched in June
As part of an on-going program to establish a Centre of Excellence i n surface mining in Alberta, canmet has helped launch a new technical mining journal. The first issue of International Journal of S…
Citadel Gold seeks to restart Waea area mine
There may be a little more than iron ore coming out of Wawa, Ont., in 1987 if, as anticipated, Citadel Gold Mines successfully reactivates its dormant mining operation there by next July. Reserves are…
Silver Hart stakes additional claims
An additional 1,007 claims have been staked by Silver Hart Resources off the northeast and southeast boundaries of its Hart silver project in the Yukon, reports President Alvin Harter. The company now…
THE EDITORIAL PAGE Tax reform: rhetoric or reality?
Tax reform and reduction has become the order-of-the-day both in th is country and the U.S.A. But is it rhetoric or reality? As most of us know only too well, the over-all tax take being levied agai…
Zahavy and Getty re-activate Favourable Lake
A $7.8 million 2-phase exploration and development program has been approved by joint venture partners Zahavy Resources and Getty Resources that could lead to a production decision on the Favourable L…