Three machines drilling on NovaGold’s property
Toronto-listed NovaGold Resources Inc. has put a third drill on its 32-claim Fifteen Mile Stream gold property located 60 miles northeast of Halifax, N.S. “Our geophysical surveys indicate the Plenty …
News
Pacific options Telesis property
Pacific Trans-Ocean Resources has purchased a 56.5% interest in the Gordon Lake property owned 43.5% by Telesis Corp. Located in the N.W.T., the property is two miles from Echo Bay’s Lupin gold mine. …
Noranda sues Agnico-Eagle, claims information on Dumagami withheld
A legal fight has broken out over the sale last year by Noranda Inc. of about 1.5 million shares of Dumagami Mines to Agnico-Eagle Mines. At the centre of the dispute is a gold property consisting of …
Uranium market changes foreseen
Market trends in uranium are creating new situations in which it is becoming more difficult for utilities and producers to accommodate the requirements of each other, Nuexco’s George White, Jr says. A…
GAC meeting
The joint national meeting of the Geological Association of Canada, the Mineralogical Association of Canada and the Canadian Society of Petroleum Geologists will be held May 22-25, 1988, in St. John’s…
Minerals play avital role in society
Neither mining executives nor media personnel are entirely happy with their relationship. Mining men feel that much of the coverage of their industry is unfair or inaccurate or both. They believe the …
Norwood exploring property anomaly
A program of stripping, detailed mapping, channeling and sampling was performed in September on anomaly “A” on property in Currie Twp. located in northern Quebec between Val d’Or and Chibougamau, Norw…
Metal snips (November 16, 1987)
The Soviet Institute of Metallurgy says it has a substitute alloy that could replace gold in its jewelry and industrial applications, Metal Bulletin reports. Named inpal and made from a combination of…
Battle Mountain defers offering
A public offering of 5.25 million common shares of Battle Mountain Gold has been postponed by the company. Chairman Douglas Bourne said the company made the decision because of the current volatility …
Drilling by Galactic, Quartz Mountain tops 400 holes
More than 400 holes representing more than 150,000 ft of drilling were completed by the end of October by Galactic Resources and Quartz Mountain Gold at their south-central Oregon property. The compan…
New pilot plant at Killick’s Adams bet
Killick Gold of Salmon Arm, B.C. has completed exploration at its Adams Plateau mineral claims near Kamloops B.C., the company announced recently. An 1,800-ton bulk sample was assayed recently at the …
David Bell mine helps Teck boost annual earnings
Net earnings (unaudited) of $33.6 million (70 cents per share) on revenues of $203 million were recorded by Teck Corp. for the 1987 fiscal year ending Sept 30. Teck’s fourth-quarter earnings during th…