Montreal Exchange Audrey boosts output
Starting and finishing the week in positive fashion, the Montreal Exchange is beginning to show more (though still relatively moderate) trading activity compared with recent weeks. The larger “senior”…
News
Second joint venture for San Paulo- Teck (Head – 18 bold)
San Paulo Explorations, which recently entered into a joint venture agreement with Teck Corp. to finance a sizeable exploration program to earn a 50% interest in the latter’s Leitch mine property at B…
Could one hole in Cranbrook, B.C. kill Red Dog?
To an untrained eye it’s an ordinary zigzag on a piece of paper filled with zigzagging lines. But to Paul Cartwright, a geophysicist whose company, Pacific Geophysical, conducted the Controlled Source…
Mid-North gold acquisition
A former producing gold property has been acquired by Mid- North Resources. Located near Snow Lake, Man., the property produced 52,849 oz gold between 1936-1940. Known as the Laguna mine, the operati…
News-in-brief (December 07, 1987)
Tse- and vse-listed U.S. Precious Metals Inc. has arranged a private placement of 900,000 shares for $629,000. The placement includes warrants good for an additonal 900,000 shares at 85 cents within …
Cove-McCoy mine augers well in Echo Bay expansion plans
Edmonton-based Echo Bay Mines, which four years ago produced just 118,000 oz of the yellow metal, plans to pour 550,000 oz next year and is shooting for 700,000 oz in 1989. This incredible growth rate…
More scholarships to meet industry need for engineers
The Canadian Mineral Industry Education Foundation is widening its horizons. For more than 20 largely-unheralded years, the industry-supported, non-profit foundation has been quietly but effectively w…
COATS Trading Features (December 07, 1987)
A generally quiet week is the best way to sum up the performance on coats. Several issues however, did show some life. Clavos Porcupine Mines, which holds a royalty interest on a promising gold play o…
Editorial Death throes of apartheid?
Given the present dangerous state of affairs in South Africa, on the face of it it’s probably a good move — certainly a shrewd move — for that country’s mining giants, Anglo American Corp. and De Be…
Gldn Terrace makes second discovery at Richardson Lk
Deeper drilling, to 500 ft, has doubled inferred reserves on the Richardson Lake property, 70 miles east of Red Lake, Ont. Owned and operated by Golden Terrace Resources the project now has 200,000 to…
Pickle-Opapimiskan a big producer by 1990s
By the early 1990s, the Pickle- Opapimiskan Lakes area in northwestern Ontario could have four gold mines in operation producing more than 200,000 oz of gold. Such a production forecast, combined with…
St. Genevieve funding (December 07, 1987)
St. Genevieve Resources and Societe en Commandite Sofimines 1987 have entered into an agreement whereby Sofimines will contribute $326,400 towards the former’s exploration programs in exchange for 65,…