Encouraging gold assays from Pacquet
Significant gold assays are coming in from the Pacquet property on Newfoundland’s Baie Verte Peninsula where International Impala Resources and Noranda Exploration Co. have a joint venture program. Th…
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Tusk Goudreau option
Tusk Minerals has acquired an option to earn a 50% interest in 21 claims northeast of Wawa, Ont. Located in the Goudreau-Missanabie area, the claims are located seven miles east of the Magino and Krem…
Corona gold loan
A gold loan of 106,000 oz has allowed International Corona Resources to pay off its share (50%) of the financing for the producing David Bell gold mine at Hemlo in northern Ontario. Corona sold the go…
Pioneer Metals commissions mill
VANCOUVER — Following an amazingly short construction period of 35 weeks, Pioneer Metals is commissioning the mill at its Puffy Lake gold project in northwestern Manitoba. As anticipated, the first d…
Viceroy to start gold production next summer
With major permits granted and financing arranged, Viceroy Resources expects to begin production at its Castle Mountain heap leach gold property in San Bernardino Cty., Calif., by next summer. The $11…
PCA shareholders give nod to offer by Rio Algom
Preferred shareholders of Potash Co. of America (pca) have voted in favor of an amalgamation between their company and a wholly-owned subsidiary of Rio Algom Ltd. Rio Algom reports the preferred share…
A necessary delay
The lawsuit between International Corona Resources and Lac Minerals has developed into much more than a dispute within the mining industry. The case is now going before the Supreme Court of Canada and…
Some light in dark days
What with the fall of insider-trader Ivan Boesky, the market crash on Black Monday, and the recent release of a film, “Wall Street”, which excoriates the whole industry, it hasn’t been exactly a happy…
Uncertainty needs to be cleared up
If there was ever a time of uncertainty about financing junior minin g companies, it’s the last quarter of 1987. Did Michael Wilson’s white paper on tax reform spell the end of flow-through? Will chan…
Montreal listing for Spirit Lake
A Toronto-based junior mining company, Spirit Lake Explorations, inactive for many years prior to being revived in 1986, was recently listed for trading (symbol sel) on the Montreal Exchange. The comp…
Cominco participates in Chile gold deposit
VANCOUVER — In its second production decision this year, Cominco Resources International will participate in the development of the Marte gold deposit in north- central Chile. The project falls withi…
Investment Comment Cortez acreage makes Coral a buy
Despite its prominent land position in the Carlin and Cortez gold trends near Elko, Nev., little has been heard lately from a Vancouver- based exploration company called Coral Gold. While American Bar…