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…
News
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…
Audrey has strong quarter as development continues
While production at the Mobrun mine near Rouyn-Noranda is on hold because of development work until July 1989, Audrey Resources (TSE) managed to strengthen its financial position recently. Revenues fo…
Bresea has dollars for Back-River bet
Calgary-based Bresea Resources (ME) has secured $285,000 from two flow-through share issues to finance exploration at its wholly- owned Back-River claims in the Northwest Territories. Under separate a…
Chesbar, Murgold report drilling confirming continuity
Underground drifting and drilling programs at the Chester Twp., gold property being developed by Chesbar Resources (TSE) and Murgold Resources (TSE) in northern Ontario continue to confirm the continu…
Lead supply keeping pace with demand
It hasn’t been such a bad year for lead during these profitable times of higher prices for base-metal commodities, with the metal averaging about 29 (US) per lb on the London Metal Exchange so far thi…
Graphite drawing an exploration crowd (November 21, 1988)
Yet another Canadian mining company has entered the search for graphite. Quebec-based junior Mazarin Inc. (TSE) plans to spend almost $1.1 million between now and next May exploring for graphite, as w…