Mining industry demands equitable treatment
This country’s mining industry presented a strong case to a meeting of energy and mines ministers here for more equitable treatment in the face of historically low commodity prices. Although the crisi…
News
Dickenson branches out to widen earning base
With over $40 million in cash equivalent assets, and its main Red Lake operation now back on a sound footing, Dickenson Mines is seeking other avenues for additional gold production, as well as expand…
Davidson Tisdale completes $4-million private placement
A private placement has been completed by Davidson Tisdale Mines which will net the company $4 million. The deal consisted of 999,823 treasury shares of the company at a price of $4.25 per share. In a…
Ayrex, Bresea seek financing for $2m. program
Ayrex Resources reports the first phase of a 1986/87 winter program has started on its property in Desmazures and Cavalier twps., in the Casa Berardi gold camp, about 20 miles northeast of Joutel, Que…
Cominco/Jonpol encouraged with Garrcon exploration
Based on work completed last September, Cominco Ltd has recommended that additional exploration work be performed on the company’s Garrcon property held in joint venture with Jonpol Explorations. Loca…
Greenstrike gets Alberta listing
Greenstrike Gold Corp., a new company managed and controlled by the principals of Calgary-based Petromet Resources, has been listed on the Alberta Stock Exchange. With about 2.7 million shares outstan…
Multinational in U.S. offshore test of heavy minerals
Multinational Resources Inc. (U.S.), a wholly-owned subsidiary of Multinational Resources Inc., Vancouver, will participate in the first major offshore test for heavy mineral sands, off the mouth of t…
New deep ore zone excites Dramatic mine turnaround for Dickenson
“This is one helluva mine,” says Dickenson Mines’ President and Chief Executive Officer Peter L. Munro with justified pride, for he has engineered a dramatic turnaround in the fortunes and outlook at …
Echo Bay goes underground at Nuinsco’s Cameron Lake
A $3.6-million decision has been made by Echo Bay Mines to launch a major underground program on the Cameron Lake gold property of Nuinsco Resources in the Kenora mining district of Ontario. This deci…
Hardrock claims
Hardrock Extension has acquired an additional 39 claims near Geraldton, Ont. The claims tie on to ground already held by the company. The claims tie on to ground already held by the company. Affiliat…
THE EDITORIAL PAGE Letters to the Editor Gold’s time is here
Bank of America, chapter 11 rumors abound. Dallas-based Western Savings Bank down and three other banks announced down, ($4 billion needed to stay afloat). Farm Credit system needing $3 billion now an…
Stockmen completes Ungava exploration
A preliminary surface exploration program has been completed by Stockmen Energy on the company’s 80,000-acre permit block in the Ungav a area in northern Quebec. Held in 50% joint venture with Delawar…