Bradley opens 2 new production facilities
Bradley Manufacturing recently opened two new production facilities: a 30,000-sq-ft plant in Rouyn- Noranda, Que., and a 18,000-sq-ft building in Timmins, Ont. Total investment in the new facilities c…
News
Pine Point acquisition sparks clash at meeting
Despite record earnings and a heady performance on The Toronto Stock Exchange last year, Pine Point Mines was berated at its annual meeting for not obtaining minority shareholder approval for a major …
COATS (over-the-counter) McNickel active
Sagging investor interest left most mining shares adrift on a directionless COATS market this week. With diamond drilling expected soon, the shares of McNickel Inc. remain active, however. The company…
Queenston, affiliates in flow-through deals
Toronto-based Queenston Gold Mines (TSE) has entered an agreement with CMP 1989 Resource Partnership and Co. to subscribe for $275,000 in flow-through share financing for 1989. Queenston said proceeds…
Connors completes exploration hole to 8,688-ft depth
An exploration hole to a depth of 8,688 ft and at 64 degrees was completed recently near Kimberley, B.C., by Connors Drilling of Kamloops, B.C. The hole was drilled with Longyear’s CHD 76-mm coring eq…
Jolu gold mine continues to give impressive results (May 22, 1989)
The production performance of the Jolu mine in Saskatchewan’s La Ronge district has progressed from impressive in March to spectacular in April. The 400-ton-per-day gold mine is operated by 30%-owner,…
Canamax closes deal
A definitive agreement has been signed between Canamax Resources (TSE), Pacific Trans-Ocean Resources (TSE), Lloyds Bank and Central Capital Corp. regarding the sale of the Ketza River gold mine to Ca…
Turnover hindered outgoing board
From a report by John Halsall, outgoing president of the Canadian Diamond Drillers Association, at the association’s annual general meeting in Quebec City recently. The 1988-89 term for the Canadian D…
Simkar sampling
Encouraging results have been obtained by Ronrico Explorations (VSE) from the company’s Simkar gold property near Val d’Or, Que. Sampling of a 6,600-ton surface stockpile has yielded a high degree of …
Corona intersects kimberlite in Saskatchewan
Corona Corp. (TSE) says it has intersected potentially diamond- bearing kimberlite on the first hole drilled on its property near Sturgeon Lake, Sask. Corona is exploring more than 14,000 hectares of …
Drill results boost Miligan potential
The latest results from wide-spaced drilling on the Mt. Milligan gold-copper project near MacKenzie, B.C., have Continental Gold Corp. (VSE) projecting a substantial increase in reserves. As operator …
Panorama begins feasibility study
Encouraged by the results of a recently completed pre-feasibility study, Panorama Resources (VSE) has commissioned a full feasibility study for the Platoro gold-silver project in southern Colorado. Th…