News

I read recently that Giant Acquisition Corp., a wholly-owned subsidiary of Giant Resources is offering to buy all the outstanding common shares of Pamour Inc. for $10 per share. The remainder are held…

More drilling is planned by Stratmin Inc. of Montreal along a 6,000-ft electro-magnetic anomaly on a wholly-owned graphite property located south of Mont Laurier, Que. The company recently released th…

Drilling by Noranda Exploration has increased reserves on Banbury Gold Mines’ Hedley, B.C., property. Noranda has the right to earn a 51% interest in the property by spending $3 million before the end…

While not quite emulating the price run-ups experienced of late by copper and nickel, zinc has seen its price rise and, according to the securities firm Shearson Lehman Hutton, is trading at its highe…

Almost three years ago, when John Walton joined what was then Placer Development as its president and chief executive officer, the question mining people were asking was “Who is John Walton?” And for …

Harry Preston was probably the first and maybe the only Canadian prospector to lose his footing and find a mine. The story goes that in June, 1909, Preston, in a prospecting group led by John Wilson, …

The latest economic developments are extremely interesting for the Canadian metal-mining industry. Inflation psychology has been injected into business and finance. An increase in commodity prices ove…

Probing deep under the water and mud of the west middle arm of Steep Rock Lake, near Atikokan, Ont., a series of eight vertical diamond drill holes has punctured what appears to be a big deposit of he…

Most of the ore at Detour Lake lies adjacent to the contact between an ultramafic unit and a series of mafic volcanics. Gold is primarily localized in quartz- pyrrhotite/pyrite/ chalcopyrite structure…

It is now a year since Canadian mining markets — indeed security markets the world over — began to flatten down. We in this country have been fortunate in that, despite our decline on the markets, o…

Placer Dome takes a back seat to no one when it comes to finding and building new mines. In Canada, the company is evaluating three potential producers: the Eastmain project, 185 miles northeast of C…

“Zeballos is the best thing that has happened to this province’s gold-mining industry in ages,” the deputy minister of mines for British Columbia stated last week at a meeting here of the Engineering …