Lake Ponask drilling
A 15,000-ft diamond drilling program has begun on the 234-claim property held by Lake Ponask Gold Corp. Located in northwestern Ontario, the property is being explored for precious and base metals. Dr…
News
Syngold reports good gold values
Significant gold mineralization in two of three drill holes completed in December at the Obalski mine property at Chibougamau, Que., has been reported by Syngold Exploration of Toronto. Hole 87-2, dri…
Bar Association to discuss Lac/Corona
The aftermath of the ongoing court battle by Lac Minerals and International Corona Resources over the Williams mine at Hemlo will be the subject of a meeting Feb 10 of the natural resources and energy…
Aumisko listed
Montreal-based Aumisko Exploration, incorporated early in 1987, was recently listed on the Montreal Exchange. Aumisko currently has interests in four properties, all in northwestern Quebec: one near t…
Thierry equipment sale
The final equipment from the shutdown Thierry copper mine near Pickle Lake, Ont., is being sold by owner Umex Inc. Since shutting down in 1982 as a result of weak copper prices, the Thierry mine was k…
Noranda/Int’l. Impala drilling Paquet bet
Three holes have been completed in the diamond drilling program by Noranda Exploration and International Impala on their Bradley Option property on Newfoundland’s Baie Verte Peninsula. The drilling co…
WMC offers `technical, financial’ backing to Canadian companies
** over ** With a number of company operations currently being expanded and several mines under development, Australia’s Western Mining Corp. believes that “additional diversification outside of Aust…
Pacific and Noranda busy at Oxford Lake
A program of ground geophysical surveys and drilling is under way at the Oxford Lake gold project located about 300 miles north of Winnipeg, Man., Noranda Explora tion and Pacific Trans-Ocean Re sourc…
Ottawa, Sask. negotiate merging Eldorado, SMDC
Employees at Crown-owned Eldorado Nuclear Ltd. and the Saskatchewan Mining Development Corp. are waiting anxiously for results of merger talks involving the corporations’ owners. According to recent s…
Inco has large jump in profit
Booming nickel and copper prices are finally being reflected in the bottom line at Inco Ltd. — the world’s largest producer of nickel. For the fourth quarter ended Dec 31, 1987, the nickel giant earn…
Alberta Stock Exchange Accord issue moves up
It may have been a cut in the U.S. prime lending rate. Or perhaps it was a decrease in the price of gold from $455(US) to around $445 which contributed to a lacklustre trading session. But Alberta inv…
Australian corporate battle spills over to Pamour board
Shareholders of Toronto-based Pamour Inc. recently elected two new members to the board of directors, but not without opposition from the two men losing their seats on the board. At a special sharehol…