News in Brief (April 25, 1988)
Nu Pacific Resources has amalgamated into Iron Lady Resources Inc. (IRD:VSE). Shareholders of Nu Pacific receive 1-new-for-3-old shares; shareholders of Iron Lady receive share-for-share.
News
Messeguay confirms earlier results
A second assay has confirmed earlier published results from the Launay-Privat gold property situated about 30 miles northeast of Rouyn-Noranda, Que., Messeguay Mines (ME) reports. Hole ML-87-75 return…
Alberta Stock Exchange Casamiro climbs
An expected resumption of operations at the Sherwood mine gold property in the Strathcona area of Vancouver Island has given a spring boost to the Casamiro Resources issue. Trading on 333,100 shares i…
Energex starts Nevada drilling
A 4,000-ft reverse circulation drilling program is commencing at Energex Minerals’ (VSE) and Geostar Mining’s Gold Springs project located 150 miles northeast of Las Vegas on the Nevada-Utah border. B…
Royex taking centre stage
When the Royex Mining group of companies announced its plan to amalgamate and form what could be Canada’s third largest gold producer, the story gained quite an audience but no one expected the show w…
Goldplex drilling Courageous belt
A private Toronto-based company that went public last August when it raised $480,000, Goldplex Development Corp. (ASE) is currently concentrating its exploration activities on the Courageous Lake gold…
Lac, Queenston proceed on Kirkland West project
One of the most promising exploration plays in the Kirkland Lake, Ont., gold camp will undergo a major underground exploration program this spring. Following a series of discussions on a joint venture…
Continental acquires Trophy gold claims
Continental Gold Corp (VSE) has acquired a 100% interest in the Trophy gold property located 70 miles southwest of Dease Lake, B.C. The property covers 60 square miles of ground which was prospected l…
New EDP asbestos reports seen as an encouraging sign
Four new reports on asbestos have been released by the U.S Environmental Protection Agency (EPA), which two years ago proposed a ban on the mining and use of asbestos, which it cites as offering a hea…
Skyline samples very high grade
Stope development at Skyline Explorations’ Johnny Mountain property in the Iskut River area north of Stewart, B.C., has encountered some very high grade gold values in the Discovery vein. Chip sampli…
Centre fosters research
The Geomechanics Research Centre at Laurentian University in Sudbury is intended as a cornerstone of a centre of excellence in mining in Ontario, says Dr Peter Kaiser in a report made to the universit…
Uranium counts on new markets
The future for Canadian uranium lies in the continued growth of nuclear-powered capacity and continued access to the U.S. market, according to the president of Rio Algom (TSE) of Toronto. R. W. Ballme…