La Fosse drill results
Assays have been received by La Fosse Platinum Group (TSE) from two projects in northeastern Quebec. On the Marymac project, located 250 km north of Schefferville, three vertical holes tested the Redc…
News
MacLellan turns a profit
Operations at the troubled MacLellan gold mine near Lynn Lake, Man., appear to have taken a turn for the better. Under the direction of a new management team put together by Hayes Resources (TSE), the…
Golden Knight/Teck private placement
Golden Knight Resources (TSE) has entered into a flow-through private placement agreement with Teck Corp. (TSE) for aggregate proceeds of up to $5 million. The funds will be used to finance Golden Kni…
Jascan/Atlantic take Dawson claim dispute to Colo. court
A dispute has erupted over the validity of a mining lease on a small portion of the Dawson project in Colorado. Alberta-listed Jascan Resources and joint venture partner Atlantic Goldfields, whose sha…
Montreal Exchange Light trading week (May 30, 1988)
A holiday-shortened week of relatively quiet trading on the Montreal Exchange brought few surprises, with the market portfolio closing down but the mining and minerals index showing a small gain. Dail…
Obituary Nelson Bidgood
Nelson Bidgood, a name synonymous with the early development of the Chibougamou area, died in late April at the age of 80. For his pioneering work there he had received numerous plaques and citations …
Falconbridge near settlement on Dominican tax
William James, chairman of Falconbridge Ltd. (TSE) confirms that a settlement is in the making though not yet finalized with the government of the Dominican Republic, which could see Falconbridge’s fe…
Breakwater intersects rich values at Darius
Deep drilling at Breakwater Resources’ (TSE) Darius gold project near Malartic, Que., has yielded an exceedingly rich intersection averaging 2.1 oz gold over 21.9 ft. Brian G. Pewsey, president, says …
Euro-Nevada picks up a new Nevada royalty
Royalty acquisition specialist Euro-Nevada Mining (TSE), has picked up another royalty property in the Nevada gold district, the company said recently. Euro-Nevada says it will acquire a 3% net smelte…
Chelsea transfer of mine interest to Northgate
Caught in a financial squeeze because its Spotted Horse mine near Lewistown, Mont., has not met design criteria, Chelsea Resources (VSE) has transferred a 20% direct interest in the mine to Northgate …
Augmitto gold loan
A gold loan worth up to $10 million, has been arranged by Augmitto Explorations (TSE) with Rothschild Australia Ltd. The loan, which is available until March 31, 1989, remains subject to several condi…
Montreal once site of diamond hunt
Canada is known for its wealth of mineral resources but one variety it has had little to do with is diamonds, although they too have been the subject of exploration campaigns within the country. News …