Marshall earmarks $7m. for Timmins projects
In a bid to increase reserves at three of its Timmins area properties, Toronto-based Marshall Minerals has entered a number of agreements which call for some $7 million to be spent on exploration. In …
News
Vancouver Stock Exchange Strong dollar stymies gold producers
Higher interest rates in Canada (in comparison to the United States) have strengthened our dollar and reduced fears of inflation which, similar to the U.S., is public enemy number one. But our stronge…
Stockmen looks for gold at Quebec iron prospect
After entering an agreement to buy a large iron property in Delestre, Que., Calgary-based Stockmen Minerals says it has set out to examine the prospect for possible gold reserves. Located 35 km north …
Nickel Plate to push Lacana over 100,000 oz gold in ’88
The future for Lacana Mining can only get better. The Toronto-based mining company, which in fiscal 1987 produced 39,000 oz gold (and about 781,000 oz silver) from its share of several North American …
Rea completes adit at Adams Lake bet
A $2-million program is nearing completion at Rea Gold’s Discovery zone property 60 miles northeast of Kamloops, B.C. The company completed a 1,033- ft adit to access reserves in the L98 lens, calcula…
Cove falls short as Echo turns in results
A 50% increase in ounces poured over the last 12-month period and a 20% hike in the price of the yellow metal reflects well on the bottom-line results of Echo Bay Mines, released this week. But result…
Agassiz going underground at Lingman set to go underground
Geologists will soon be going underground again on the Lingman Lake gold deposit in northwestern Ontario. It has been about 40 years since someone has been underground there. But a Ned Goodman company…
Teething problems over at Mascot mine
It’s fair to say that Mascot Gold Mines’ Nickel Plate project near Hedley, B.C., has endured its share of teething problems. But for most new mines that’s all part of growing up — the school of “hard…
People (February 08, 1988)
Bralorne Resources — W. F. Limin appointed president and chief executive officer succeeding F. W. Fitzpatrick who is retiring after 17 years with the company.
Placer pursues Laonil Lake property
Having completed a $1-million exploration program to earn 60% of Currie Rose Resources’ Laonil Lake gold property in northern Saskatchewan, Placer Dome is planning another sizeable drill program start…
Goldenbell progressing with Pine Tree project
With $28 million(US) in its treasury and access to a $35-million bullion facility, Goldenbell Re sources says it is adequately financed to bring the Pine Tree gold project in Mariposa Cty., Calif., in…
Teck mill to Highland Valley
The long dormant Highmont mill of Teck Corp. will be incorporated into the Highland Valley Copper partnership which until now only included Cominco Ltd. and Lornex Mining. Cominco and Lornex put their…