Search for new reserves keeping majors occupied
While Falconbridge Ltd.’s exploration programs are countrywide, the major exploration project in the Sudbury region is the Thayer Lindsley (TL) underground exploration program. The 16-ft. diameter sha…
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Kingswood drilling near Kirkland Lake
Having completed the first phase of a $1-million flow-through financing, Kingswood Explorations (ASE) has started to explore its newly acquired gold property 30 miles southwest of Kirkland Lake, Ont. …
SOQUEM back in the Abitibi area with plans to stimulate exploration
The Quebec government’s mining exploration company SOQUEM (Societe Quebecoise d’Exploration Miniere) has returned in force to the Abitibi region five years after its departure from the heart of the pr…
Takla Star in Mt. Milligan camp
This season, Takla Star Resources (ASE) plans to concentrate its efforts on the AOK property near the Mt. Milligan deposit in north-central British Columbia. The company can acquire 100% of the copper…
EDITORIAL PAGE Putting the purse strings in local hands
When it comes to devising imaginative ways to support key industries like mineral exploration, Quebec is in a class of its own. Its version of flow-through share financing and its Stock Savings Plan a…
METAL PRICES PRODUCER PRICES (June 17, 1991)
ALUMINUM: MW U.S. Market US57.50-58.50 cents per lb. (May 30, 1991). ANTIMONY: New York dealer US84-85 cents per lb. (Mar. 14, 1991). BISMUTH: New York dealer US$2.90-3.05 per lb. (May 23, 1991). CAD…
Jordex bids to acquire Moraga
Known primarily for its mining ventures in Latin America, Jordex Resources (VSE) has made a move to acquire Moraga Resources (VSE) which has mineral property holdings on northern Vancouver Island. Sub…
PROFILE Nagy of Snip fame explores Brewery Creek
Despite the current recession, the Brewery Creek gold deposit, near Dawson, Yukon, excites investors. Loki Gold, which is earning into the discovery, has recently raised $1.28 million in a public fina…
Rhodes updates estimate of Copper Canyon reserve
An updated preliminary reserve estimate was released by Consolidated Rhodes Resources (VSE) for the Copper Canyon copper-gold deposit in the Galore Creek region of northwestern British Columbia. The c…
Brisk exploration activity reported in New Brunswick
Mineral exploration in New Brunswick for the first five months of 1991 was brisk, the province’s Department of Natural Resources and Energy reported. In the Bathurst-Newcastle mining camp, a drilling …
New Craig shaft dropping quickly
Shaft sinking at the Craig mine of Falconbridge in the Sudbury area is progressing at a rapid pace. Dynatec Mining President Bob Dengler said that during a 31-consecutive-day period in April and May…
Alberta Stock Exchange Indigo doubles
Shares of Indigo Gold Mines doubled in price during the week ended June 11 after the company announced an option agreement on the Oweegee Dome property in north-central British Columbia. Bolstered by …