Inco to spend $26.9 million on mine project
A major mining development project has been announced by Inco Ltd. for its underground nickel-mining operations at Thompson, Man. The project, valued at $26.9 million, involves development of the 1-C …
News
Lack of infrastructure slows growth in northwest B.C.
Northwest British Columbia is a vast area with significant mineral potential. Having examined this region on a variety of occasions over the past 10-15 years, the provincial government has noted that …
Site construction is on schedule at Skyline bet
Construction and mobilization of the mill equipment is on schedule at its wholly-owned Johnny Mountain gold property located north of Stewart, B.C., Skyline Explorations reports. The recreation hall a…
Coronado to drill Troymin’s Yellowknife gold prospect
Coronado Resources plans to start a 2,500-ft drilling program on Troymin Resources’ MON gold prospect near Yellowknife, Y.T., by mid-November. Drilling in 10-12 holes will test the A zone area and alo…
Ludgate drilling continues, Garrison
Drilling will continue on the Ludgate Zone in Michaud Twp., near Matheson, Ont. Coats-listed Garrison Creek Consolidated Mines, which holds a 40% interest in the ground, is the operator. But the progr…
Tanqueray exploring in several regions of Canada
Tanqueray Resources has expanded its exploration activites during the past quarter, the company says. In the N.W.T., Tanqueray has acquired an option to earn a 47.5% interest in a 15,000-acre property…
Encouraging results released by Maufort
Encouraging results have been released by Maufort Resources from its Tiblemont gold property in northwestern Quebec. Geological surveys, trenching, channel sampling and drilling indicate five differen…
Toronto Stock Exchange Modest rebound during week of declines
A modest rebound was recorded today on the Toronto Stock Exchange, following a week long slide which clipped another 90 pts off the composite index during our review week. At the close, the tse compos…
Job vacancies surveyed
Mining is among industries cited by Technical Service Council in a quarterly survey of job vacancies among 1,700 firms across Canada. The survey, the Council says, represents openings in the mining, m…
Giant Yellowknife’s profit improved by Timmins results
Consolidated earnings for Giant Yellowknife Mines totalled $9.3 million or $1.33 per share for the 9- month period ended Sept 30. This compares with earnings of $2.8 million or 66 cents per share rea…
Grand Teton expects to produce in 1988
Vancouver-listed Grand Teton Industries fully intends to be producing gold by this time next year. The company can earn a 50% interest in the Adelaide Crown property in Humboldt Cty, Nev. But first, t…
Quartz Mtn. placement raises $1 million
Vancouver-listed Quartz Mountain Gold has completed a private placement with four European institutional investors for 1 million units at $5.625 per unit, the company said recently. Quartz said procee…