Galactic/Can-Pacific in Chinese venture
Galactic Resources (TSE) is teaming up with another Vancouver company, Can-Pacific Rare Earths, to conduct exploration in China. The new company Galactic Resources China, will attempt to strengthen th…
News
9-month gold output up 42% for Cambior
Gold production by Cambior Inc. (TSE) for the first nine months of 1988 increased 42% compared with the same period last year, the company reports. Total production to Sept 30 was 140,685 oz; during t…
Viscount seeks additional feed for Dankoe mill
Now that the O.B. silver mine at Greenwood, B.C. is safely past the start-up phase, Viscount Resources (VSE) says it is looking at acquiring other proven undeveloped deposits in the area. The company …
Monte Carlo Gold president resigns
Gordon Leliever, former president and major shareholder of Monte Carlo Gold Mines (ASE) has sold his control block of Monte Carlo shares to a group of investors headed by Robert Salna of Richmond Hill…
Queries Inverness victim of 1929 market crash
An old stock certificate for 500 shares of Inverness Mines Ltd. turned up among my mother’s things after her recent death. Please determine if the stock has any current value. John Macfie Parry Sound,…
LAC/Jonpol joint venture
LAC Minerals (TSE) and the Jonpol group of companies have signed a joint venture agreement for the exploration and development of their properties in Garrison Twp., 30 miles northwest of Kirkland Lake…
Eastmain drill program starts
A $225,000 flow-through share placement completed by Eastmain Resources (TSE) will fund exploration on properties held 100% by the company in the East main area of northern Quebec. Drilling is schedul…
Golden Briar’s Estrades bet subject to future drilling
Golden Briar Mines (ME) is preparing to resume drilling at its Estrade Twp., polymetallic property in the Casa Berardi, Que., region after discovering a large mineralized zone. Under an option agreeme…
Echo Bay plans new gold mine in Washington state
Echo Bay Mines (TSE) has announced plans to bring into production by early 1990 its Kettle River property in northeastern Washington state. Based on exploration to date and a mining plan developed by …
Noranda Resumes Drilling of Pacquet Project
A renewed program of diamond drilling is under way on the Pacquet project in the Baie Verte Peninsula of Newfoundland. The project is a 50/50 joint venture between Noranda Exploration and Prime Capita…
$70-million nickel mine opens at Namew Lake
Hudson Bay Mining and Smelting Co., (TSE) and Outokumpu Mines have formally commissioned a new nickel/copper mine at Namew Lake in northern Manitoba. The $70 million project, the first new underground…
High grade zone encountered by Pacific Trans-Ocean
Drilling has intersected high grade gold mineralization at Pacific Trans-Ocean’s (TSE) Gordon Lake property northeast of Yellowknife, N.W.T. During September 6,692 ft of drilling or 20 holes were comp…