A detailed mapping of gold deposits in the Matachewan-Kirkland Lake-Larder Lake area of Ontario, will be carried out by the province’s ministry of northern development and mines. The gold mapping work…
Vancouver-based Omni Resources has signed a memorandum of agreement for a joint-venture project with Noranda Exploration on the latter’s precious metals Scar property in the Yukon. The 34-claim proper…
The Ontario Securities Commission has released its new junior mine financing policy for public comment until July 30. It is expected that the policy will become official by September. The policy is ba…
Although trading activity here is still quite respectable, the price volatility seen in recent months has almost disappeared. Weaker gold prices were a major factor in the market retreat but they have…
Bermuda based Osborne & Chappel Goldfields, the shares of which are listed on the tse, has obtained a major financial participation from the International Finance Corp. (an affiliate of the World Bank…
A $7-million surface and underground exploration program at the Magino joint-venture project in the Goudreau area of northern Ontario continues to obtain encouraging results, J. T. Flanagan, president…
Drilling is under way on Hemisphere Development Corp.’s property in the Courageous Lake area of the N.W.T. An $800,000 surface exploration program will include 20,000 ft of diamond drilling. The Hemis…
A lacklustre week on the Montreal Exchange this week exhibited little of the activity in resource issues which has characterized trading the past months. Market activity in general was moderate. Tradi…
NOW YOU SEE IT — NOW YOU DON’T] Just what gives with that flip-flop on capital gains taxation as now proposed by Finance Minister Michael Wilson in his recent White Paper on tax reform? Wasn’t he on…
ALUMINUM: MW U.S. Market 72.50 cents -74.00 cents per lb. (June 11, 1987). ANTIMONY: New York dealer $1.18-$1.23 per lb. (May 14, 1987). BISMUTH: New York dealer $3.35-$3.45 per lb. (June 4, 1987). CA…
Fort Knox Gold Resources says encouraging results have been received from drilling by Inco Ltd. on the Crow Lake property, southeast of Kenora, Ont. Inco drilled a total of 2,845 m in 16 holes on the …
A large quartz breccia zone has been outlined on Welcome North Mines’ Trout gold property near Vanderhoof, B.C. The company says a comprehensive exploration program is under way to determine the heap …
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