Lockwood, Seadrift deal
An interest held by Lockwood Petroleum in the Cameron Lake mine project shared by Echo Bay Mines and Nuinsco Resources, has been sold. Lockwood, which held 17.3%, has sold its stake to Seadrift Intern…
News
Getty, Noranda expand strike of Tundra deposit
Additional deep drilling by partners Noranda Exploration (51%) and Getty Resources (49%) has extended the strike length of the Tundra deposit by 450 ft. Located at Courageous Lake, N.W.T., the Tundra …
Imp. Metal net up
Net income of Imperial Metals rose in the six months ended Sept 30 to $611,000 on revenue of $1.6 million, compared to income of $58,000 on revenue of $1.2 million in 1986. Income for the second quart…
Moneta Porcupine acquires Montana gold-silver claims
In a bid to broaden its interests beyond gold exploration, Moneta Porcupine Mines of Timmins, Ont., has acquired a major interest in over 200 mining claims in the Finlay Basin area of Granite Cty., Mo…
Toronto Stock Exchange Market plays ‘crack the whip’ with investors
Remember that childhood game called crack the whip? That’s exactly what the market is doing to those interpid investors bold enough to go for the ride. Since Black Monday last Oct 19, volatile swings…
Japanese play hardball in Quintette coal row
While Quintette Coal has accused them of attempting to squirm out of long term contracts, a major Japanese steel manufacturer says it has no alternative but to take a pricing dispute involving Quintet…
American Reserve funds Porcupine gold
A $15.2-million exploration program at Associated Porcupine’s Paymaster gold property near Timmins, Ont., will be funded by American Reserve Mining under a joint venture agreement. Using flow-through …
Zenmac Zinc suing Minnova over Winston Lake venture
The Winston Lake zinc-copper-silver-gold deposit, near Schreiber in northwestern Ontario, has become the focus of a lawsuit. Toronto-based Zenmac Zinc launched a legal action in November with the Su…
Cross-Cuts PATIENCE PAYS
A Reuters report out of Darwin, Australia says a 62-year-old prospector who has been “scratching away for years” with a pick and shovel about 1,000 km south of the city has found a vein of almost pure…
What’s New Pump has Low Operating Cost
A new high-chrome iron centrifugal process pump for moving abrasive slurries has been introduced by Allis- Chalmers of Milwaukee, Wis. Called the 1,200 Series pump, it requires about 50% less time to …
SUPPLIERS’ NOTES Rauma-Repola
Rauma-Repola, one of the largest public companies in Finland, has agreed to purchase the European operations related to the design, manufacture and marketing of crushing equipment of Milwaukee, Wis.-b…
SUPPLIERS’ NOTES Geotech Ltd.
Geotech Ltd. of Markham, Ont., has acquired the name and assets of McPhar Geophysics. The purchase brings a line of ground geophysical instruments to compliment Geotech’s established airborne electrom…