Cathedral bullish on Porcher Island bet
An exploration program at Cathedral Gold Corp.’s Porcher Island property 35 miles southwest of Prince Rupert, B.C., has yielded some encouraging results. Pierre B. Lebel, president, says the recent dr…
News
New shareholder communication rules
New shareholder communication rules, designed to improve communication between companies and their shareholders, have been approved by the Canadian Securities Administrators. The new rules, which will…
Goldbrae options gold bet in northwestern Manitoba
An option to acquire a 100% interest in a 2-claim unit, 3,000-acre gold prospect in northwestern Manitoba has been obtained by Goldbrae Developments of Richmond, B.C. The company has agreed to spend $…
Placer Dome earns 60% of Melrose property
Placer Dome Inc. has fully exercised its option to earn a 60% working interest in Melrose Resources’ Blackstock Twp., property 30 miles southeast of Timmins, Ont., Melrose announced recently. So far, …
Committee set up for Mining Hall of Fame
A steering committee has been established to consider the viability of creating a Mining Hall of Fame. Represented on the committee will be the Mining Association of Canada, the Prospectors and Develo…
Letters to the Editor What’s an arrastre?
With reference to the Odds ‘n’ Sods story by A. E. Alpine in your issue of Dec 28: the ore-grinding device he came across is called an arrastre. It is sometimes spelt with an “a” at the end instead of…
High tonnage, low grade for Quartz Mountain
With 623 drill holes now complete, the latest assay results are expected to increase reserves at Quartz Mountain Gold and Galactic Resources’ 10,000-acre gold property in south-central Oregon, the par…
Skyline overcoming delays at Johnny Mtn. gold mine
Gold production at Skyline Exploration’s Johnny Mountain mine will be two months behind schedule and slightly over budget, but setbacks caused by bad weather are being overcome, President Reg Davis to…
Noront, Central merger
Noront Resources and Central Crude Ltd. have agreed to merge the two companies on the basis of one Central Crude share for each five shares of Noront held. Central Crude is active in mineral explorati…
Dolphin funding
Dolphin Explorations 0 3/4of Vancouver has negotiated a private placement of 109,180 flow-through shares to fund exploration work worth about $225,000 on the company’s properties. The issue price will…
ATLANTIC REPORT Credibility for Nova Scotia
The recent takeover bid for Halifax-based Seabright Resources by the multi-billion-dollar Australian mining conglomerate Western Mining Corp. Holdings has finally given credibility to Nova Scotia’s Me…
Gold’s constant purchasing power gives it special status worldwide
Just about a year ago an event of great significance in the world of gold took place: the United States Mint, for the first time in a generation, struck a legal tender gold coin — the new U.S. Eagle,…