Corona completes Prime Capital deal
Announcing completion of an approximate one-third voting and equity position in Prime Capital Corp. of Vancouver was International Corona Resources of Toronto. The purchase price consisted of five mil…
News
INVESTMENT COMMENT Westley’s portfolio of Nevada properties adds
Just as the Nevada gold region is becoming the talk of the North American mining industry and the subject of a number of investment reports, Vancouver-based Continental Carlisle Douglas has published …
Mid-North, Granges deal in Manitoba bet
Mid-North Resources has optioned Granges Exploration’s Gurney gold mine property in Manitoba. Located east of Flin Flon, the Gurney mine produced 25,000 oz of gold and 71,000 oz of silver from 1937-19…
Nickel Plate’s third life boosts Mascot
The third era of production from the historic Nickel Plate mine at Hedley is proving profitable for Mascot Gold Mines. The new British Columbia gold producer, owned 50% by Lacana Mining, expects to pr…
Lacana’s profit without Mascot lower in 1987
Earnings of $10.3 million (52 cents per share), before extraordinary items, for the nine months ending Sept 30, 1987, were recorded by Toronto-based Lacana Mining. Net earnings for the same period, af…
Sunrise to drill N.S. gold bet
Diamond drilling is scheduled to get started before the end of January on the 9,300-acre Beaverdam gold property of Sunrise Metals Corp. in Nova Scotia, according to President Anthony Rich. This lies …
Editorial The Saskatchewan-China connection
The story of an overnight success that took years of effort is one that’s well known in the mining industry. A discovery, for example, must appear to many outside the industry as something that happen…
Westfield Minerals steps up drilling
Westfield Minerals has accelerated a 30,000-ft drilling program on its Big Island Lake massive sulphide discovery near Flin Flon, Man. Deep drilling is being concentrated on two massive sulphide zones…
Nortek drilling in Kirkland Lake
Nortek Minerals is continuing drilling on claims in the Kirkland Lake area of northeastern Ontario held by Shenandoah Resources and Miller-Independence Mining. To date 13 holes have been drilled for a…
Lencourt, Glencairn in a joint venture on Ontario gold bet
Exploration, to include ip surveys and diamond drilling, will start immediately to confirm and extend the mineralized zone discovered in the 1940s on the Goodfish property in Ontario’s Kirkland Lake c…
Mining industry plans increase in capital spending
Canadian businesses, including mining, expect increased profits and capital spending in 1988 over 1987 levels, according to a survey undertaken by the federal Ministry of Regional Industrial Expansion…
Monicor announces encouraging results
Drilling on the Monique property located east of Val d’Or, Que., has totalled 67 holes representing 15,000 m to date, Monicor Exploration reports. Three gold-bearing zones identified on the property, …