Chibougamau, Chapais to receive assistance
The Quebec government is casting a $13-million vote of confidence for the Chibougamau-Chapais region. In the short term $2.8 million is being provided to aid three major copper mining companies in the…
News
Decline well advanced at Vedron/Belmoral bet
Reporting progress on the gold property in the Timmins, Ont. area controlled by joint venture partners Vedron Ltd. and Belmoral Mines, Vedron says a decline ramp has advanced more than 200 ft on the p…
Massval moves on Placer’s Eastmain project
After being almost forgotten for some time, Placer Development’s 100%-owned Eastmain property may be getting the shot in the arm it needs with funding for exploration and development from Massval Reso…
Editorial: There are risks, but rewards are great
Popular misconceptions are persistent beliefs, displaying an uncann y ability to remain alive no matter how untrue they may really be. One reason such misconceptions are labelled `popular’ is that eve…
Claude financing
Claude Resources has completed a $1.89 million public offering in Saskatchewan. The funds, according to company official Peter Gummer, will be used for working capital purposes. The offering was made …
News in Brief (October 13, 1986)
The common shares of Fairlady Energy Inc. have been listed on the Montreal Exchange under the ticker symbol FRY. The company is primarily engaged in the acquisition, exploration and development of min…
Gold ’86 Proceedings now in print
The proceedings of Gold ’86, the first international symposium on geology of gold deposits held in Toronto, Sept 28-Oct 1, are available in a 518-page volume from Konsult Int. Inc. of Willowdale, Ont….
Total Erickson Resources says its new 300-ton-per-day mill now is
operation. Construction was completed seven weeks ahead of schedule and the company says the mill start-up is proceeding smoothly. Management anticipates that the design of the new plant will result i…
Start-up for a major diamond drill program is planned for October
Rule Resources for a number of its gold projects in the Val d’Or, Casa Berardi and Mattagami areas of northern Quebec. A total of $1.1 million has been budgeted for the program, which will be funded b…
Pickle Lk. survey being released
Results of an airborne survey of the Pickle Lake, Ont., region will be released Oct 14 by the Ministry of Northern Development and Mines. They will be released at Toronto, Thunder Bay, Sioux Lookout, …
Pundata acquires B.C. gold claims
Pundata Gold Corp. says it has acquired four claims with proven gold reserves at a prospect located in the southern extension of the Quesnel trough in British Columbia. The company says the claims con…
As of Oct 3, the original listings of the following companies have
conditionally approved by The Toronto Stock Exchange: Getty Resources, MFC Mining Finance Corp. and Duration Mines.