Nickel prices on LME really take off
The research department of a Toronto securities firm calls nickel the “star of 1987” among base metals. Judging by recent events, nickel could be in for another stellar performance this year. The meta…
News
Identifying the upcoming issues
The Canadian mineral industry has spent a great deal of time in the past decade reacting after the fact to changes in the economic, political and social environment that have seriously affected its pr…
Michele to start work on Addington
Drilling should begin this week on a gold bet 120 miles east of metro Toronto. Known as the Addington property, it has geological reserves of 785,000 tons grading 0.13 oz gold per ton, according to Ca…
Sparton deals Estrades interest to Lacana
Toronto-based Sparton Resources has agreed to option its 50% interest in a property in Estrades Twp., in northwestern Quebec, to Lacana Mining Corp. Golden Zone Development holds the remaining 50%. To…
Inco Gold buys Esso’s interest in Red Lake claims
A purchase agreement with Esso Resources Canada has been completed by Inco Gold for all of Esso’s interest in the Red Lake claims in northwestern Ontario held by the Wilanour partnership (Wilanour Res…
New gold occurrences discovered in Red Lake
In addition to examining former gold producers and developed prospects, much effort has been directed towards new and unexplored gold occurences. For example, St. Joe Canada and Nexus Resources have o…
Tamavack, Maple Leaf: good results
Follow-up drilling at the Fountain Lake gold property of International Maple Leaf Resource Corp. and Tamavack Resources west of Thunder Bay, Ont., has yielded some more impressive assay values. Partia…
Mine operating results at Bell Cr pick up, Pamorex
The exploration and development arm of the Pamour Group of companies, Pamorex Minerals, reports a net loss of $309,000, or 2 cents per share, in the third quarter ended Dec 31. Chairman Clifford Frame…
Montreal Exchange Amalgamation plan
News that two Hughes-Lang companies active in northwestern Quebec, the producing D’Or Val Mines and the soon-to-be-producing Perron Gold Mines, are planning to merge brought differing results. D’Or Va…
HSK Minerals get foothold in a thriving Mishibishu area
Toronto-based HSK Minerals says it has gained a significant foothold in the thriving Mishibishu Lake area near Wawa, Ont., by acquiring a 100% working interest 52-claim mineral property. HSK says the …
News inBrief (March 07, 1988)
Rio Algom has acquired control of the East Kemptville tin mine near Yarmouth, N.S. The mine was originally brought into production by Rio in late 1985 at a cost of $142.5 million. Rio operated the min…
June decision a possibility at Lenora’s Golden Harker bet
The Golden Harker gold property located north of here has Lenora Explorations excited, so much so that President Robert Kasner is hoping to make a production decision by June of this year, The Norther…