Chabela financing
A private financing worth $500,000 is being arranged by Minerais Chabela (ME). A maximum of 50 investors will be allowed, at a cost of $10,000 per unit. Chabela plans to spend the money on exploration…
News
Golden Giant raise done in record time
A 2.4×2.4-m backfill raise, inclined at 69 degrees and measuring 294 m long, has been driven by a pneumatic Alimak machine at the Golden Giant mine in Hemlo, Ont. Don Cameron, Andy Roy, Matti Hakkola,…
Industrial minerals enjoy better markets
Many industrial minerals, like their more highly publicized precious and base metal cousins, have been enjoying excellent years and some should continue to do so, the Toronto branch of the CIM Mineral…
Pamorex busy drilling at property interests
A drilling program of 9,244 ft has been completed on the Holmes gold property about 50 miles southeast of Timmins, Ont., Pamorex Minerals (TSE) reports. Among the better intersections were 0.19 oz gol…
Hall of Fame Jan 1, 1990
The industry honored some of its own last January at the inaugural dinner of the Mining Hall of Fame held at Toronto’s Royal York Hotel. Keynote speaker at the event was former Falconbridge chairman B…
Inco denies production decision imminent for Vault
To date about $3.5 million has been spent by a unit of Inco Ltd. (TSE) and junior partner Seven Mile High Group (VSE) on the Vault gold property near Okanagan Falls, B.C. According to Maurice Hamelin,…
Northair plans program for Saskatchewan find
The newly discovered lead-zinc-gold-silver Deception Lake property north of La Ronge, Sask., will be the subject of a closely watched work program that includes a minimum of 10,000 ft of surface drill…
Rally in gold
The year-end rally in gold prices came too late to save several mines. Among this year’s casualties: The Kerr mine was a fixture at Virginiatown, Ont., since 1938 but low gold prices forced the mine t…
Agnico set to begin drilling Vezza Twp.
Drilling is expected to begin next month at the Vezza Twp. gold claims optioned recently from Dundee-Palliser Resources (TSE), and North American Rare Minerals (ME) by Agnico-Eagle Mines (TSE). Having…
Central Crude takes option on Moss Lake
Central Crude (TSE) has signed a letter of intent with Tandem Resources (ME) and Storimin Exploration (ASE) to explore the latter two companies’ Moss Lake gold property 70 miles west of Thunder Bay, O…
Stratabound strong
Stratabound Minerals was one of the big winners for the week ended Dec 19 when trading activity slipped into what could only be described as a pre-Christmas holding pattern. When reached for comment, …
Education foundation seeks funds
While the mining industry has long since extricated itself from the 1980 recession, budding engineers still seem leery of the resource roller coaster. At Queen’s University, for example, about 20 mini…