Goldteck drills high grade
Several encouraging assays have been received by Goldteck Mines from the company’s Stairs property, west of Matachewan, Ont. In the G-9 zone, located 2,000 ft east of the shaft, drilling intersected a…
News
Continental on ME
Incorporated in 1956 (as Continental Utilities Ltd.) in Alberta and initially in pipeline engineering design and feasibility studies related to natural gas distribution franchises, Continental Researc…
Placer Dome options Sturgeon River bet
Placer Dome Inc. has optioned the Sturgeon River gold property from Phoenix Gold Mines. Located near Beardmore, Ont., the Sturgeon River property produced 73,332 oz of gold between 1936-1942. Placer D…
Second drill working at Abitibi prospect
A second drill is now working on the Jolin gold property in northwestern Quebec, where encouraging results were obtained from the initial 10 drill holes, Abitibi Metals Mines reports. The company says…
TIMMINS REPORT Kidd Creek completes new silo
Work is nearing completion on a new cement silo at the Kidd Creek Mines minesite 15 miles north of Timmins city centre. Eric Belford, vice-president mining for the Falconbridge Ltd.-owned company, say…
Editorial Use it or lose it
There’s a fellow in the U.S. who has staked mining claims on Mars. Putting aside the question of under what jurisdiction those claims would be filed, in Canada a basic tenet of gaining mineral rights …
Montreal Exchange Seniors active, lower
It was a big week for senior issues on the Montreal Exchange, but probably not one they would like to remember. Most suffered price declines ranging from marginal to major. Placer Dome was the most ac…
Rex Silver taken to task by the Vancouver Exchange
The Vancouver Stock Exchange has taken exception to statements made by Rex Silver Mines about its Scoria property in northern Arizona. The vse has refused to accept filings or disclosures from any lis…
Pacific Minesearch discovers new zone
A new mineralized zone has been discovered in latest drilling by Pacific Minesearch on its Howie gold project near Charlotte, N.C. The 16,000-ft drill program has concentrated on delineating reserves …
Mining communities lobby for flow-through
Representatives of mining and assorted other industries in Kirkland Lake, Ont., are mad as hell and they’re not going to take it any more. What they’re mad at is the federal Finance Department’s plan …
Toronto Stock Exchange Stable golds and buying firm markets
A much-needed spate of buying during the end of our review week has added more than 60 pts to the tse composite index, which is back over the 3,000-point mark. After being pummeled by several days of …
Villeneuve funds for several bets
Villeneuve Resources has arranged share financings which netted $760,000. The cash will fund exploration programs on properties in Ontario, Quebec and Nevada. In the Mishibishu area west of Wawa, Ont….