Delaware to take over Prime Capital
A takeover offer by Delaware Resources Corp. (VSE) for Vancouver-based Prime Capital should put the continuing company firmly in the hands of Corona Corp. (TSE). Prime Capital chairman Murray Pezim co…
News
McFinley wrestles with temperamental ball mill
The McFinley Red Lake Mines (TSE) project near here, looks like a safe bet to become the first new gold producer in the Red Lake camp for at least 25 years. After spending about $25 million, the compa…
Int’l Thunderwood going underground at Gold Hawk
During the first nine months of this year, International Thunderwood Explorations (TSE) spent $4.3 million on mineral exploration. The bulk of the money went to the Pelletier Lake and Gold Hawk projec…
Toronto Stock Exchange Gold’s advance fails to ignite enthusiasm
Gold’s resilient performance, which saw the price advance to $406.40 on the second London fix, failed to ignite much enthusiasm from war weary investors. The TSE composite index gave up 23.19 pts to …
Mill Rationalization Program
An engineering, procurement and construction management contract for a mill rationalization program was recently awarded to Wright Engineers and Fluor Daniel by Inco Ltd. The program, which is expecte…
MinVen finds gold in S. Dakota
Surface drilling at MinVen Gold Corp.’s (TSE) Gilt Edge mine in South Dakota has encountered significant gold mineralization over some unusually long thicknesses. The company is involved in a $9.4 mil…
Joint milling plan possible for Grangesw, Muscocho
The principal operating companies involved in the adjacent Mishi and Magnacon gold projects, Granges Exploration (TSE) and Muscocho Explorations (TSE), have agreed in principle to test mill up to 200 …
Base metal potential at Cobalt silver mine
Joint venture partners Silverside Resources (TSE) and International Platinum Corp. (TSE) have an- nounced a base metal discovery on their 520 acre silver property located northeast of Cobalt, Ont. The…
People (October 17, 1988)
Well-known Canadian geologist Steven Scott has been appointed Chairman of the Geological Engineering division at the University of Toronto. A professor of geology at the University of Toronto, Dr Scot…
Graphite play viable Stewart Lake says
A prefeasibility study for the Kirkham graphite deposit north of Kingston, Ont., has been completed, Stewart Lake Resources (TSE) says. The study, completed by Kilborn Ltd., a consulting engineering c…
MinVen finds gold in South Dakota
The first gold button has been poured from the Gilt Edge Mine owned by Colorado-based MinVen Gold Corp. (TSE). Located near Deadwood, South Dakota, the Gilt Edge Mine is owned and operated by MinVen’s…
Mill tune-up phase begins at Mark V bet
The first of several test milling runs was recently completed at Mark V Petroleums and Mines’ (VSE) Bagdad gold property near Philipsburg, Mt., where the Vancouver company is tracking a number of high…