Correction Abermin Corp.
A story on Abermin Corp. in the Aug 18 issue neglected to mention the width of the high grade discovery in the coronation zone. A channel sample taken across 11.5 ft grades 0.717 oz gold per ton, 14.9…
News
New Cominco smelter gets government aid $260-million total
The government of British Columbia has agreed to purchase $55 milli on in Cominco preferred shares which will enable the company to replace its obsolete lead smelter at Trail, B.C. Cominco already has…
Dissident group fighting for control of Macdonald Mines
A dissident group of shareholders has served notice of a meeting in order to elect new directors to the board of Macdonald Mines, the company says. The dissident group represents 10% of the shareholde…
Queries Terramar still active at Reid mine project
Like many people, I purchased the shares of Terramar Resources after the terrific gold find in California. Your paper reported the very high assays and I would like to know the present standing of thi…
High grade gold, silver at Omni Skukum property
Initial results from a 25,000-ft first-phase drill program at Omni Resources’ Skukum Creek property south of Whitehorse have been impressive with both high grade gold and silver values reported. The p…
Western Goldfields
Shares of Western Goldfields Inc., which has a 31.72% interest in a heap leach gold mine near Reno, Nev., are now listed on the Toronto Stock Exchange. The first gold pour at the Nevada mine, called t…
Two more properties for Glen Auden Resources
Several properties have been acquired by Glen Auden Resources. In the Swayze area, southwest of Timmins, Ont., the company has acquired a 100% interest in 77 claims. Located in Swayze and Denyes twps….
Alberta Stock Exchange Alberta issues active Beardmore issues
Wednesday close, August 27 Total volume of shares traded in Calgary this week was 5,547,800. Ontex Resources of Toronto, which this week saw courtroom opponent Metalore Resources file its counter-suit…
Madeleine
Madeleine Mines now has three diamond drills at work on its optioned Lac des Iles platinum-paladium project, and is looking for three more. Located 40 miles north of Thunder Bay in northwestern Ontari…
$5m. financing plans in place Westfield keen on exploration
Financing arrangements designed to raise in excess of $5 million have been put in place, reports Westfield Minerals’ President Patrick J. Hughes. The financing includes a private placement of two mill…
Canico launches major drilling on Vior bet
Canadian Nickel Co. (Canico), the exploration arm of Inco Ltd. has started a 55,000-ft diamond drill program on the Douay Twp. property of Vior Inc., in Quebec’s Casa Berardi area. Vior holds the prop…
Mines Management posts Montanore PEA
Mines Management (mgt-t, mgn-x) has outlined an economic mine plan for its Montanore silver-copper project, but questions remain about getting the project permitted.The large underground project is in the Cabinet Mountains wilderness area of…