A 35,000-ft diamond drill program is scheduled to start before the end of September on the Arrowhead gold property of Quebec Cobalt and Exploration in Joannes and Bousquet twps., Que. The 1,000-acre p…
A shortage of working capital caused by poor gallium markets has led to the closure of Musto Explorations’ Apex mine project near St. George, Utah. According to H. Lutz Klingmann, president, the compa…
In general, mining people are quite adaptable to changing conditions even if the transition involves leaving a major company for a junior. As an example, Vancouver-based Treminco Resources has four ex…
Continuing to trade actively on the Montreal Exchange this week was Abitibi Metal Mines, which closed down 3 cents to 24 cents with more than 1.2 million shares changing hands. Confident about bringi…
Partners Sholia Resources and Argentex Resource Exploration have equally acquired the right to earn an 80% interest in a mineral claim located in northern Saskatchewan. The vendors were Comaplex Resou…
Bellco Energy Corp. has changed its name to Ocutech Canada Inc. (occ:vse) on a share-for-share basis.
With the resumption of drifting on the No 3 vein at a depth of 200 ft, Chesbar Resources reports high gold values have been encountered at the Chester Twp. property in northern Ontario. From the point…
Wilco Mining has issued a convertible note to Deak Ariadne Ltd. which raised $1.1 million. The funds will be used to purchase 400,000 shares of Seadrift International Explorations which is drilling th…
Newfield Minerals has settled the terms of a flow-through financing enabling the company to proceed with rehabilition of Teck Corp.’s Kirkland Minerals No 2 shaft. The shaft is located approximately 1…
ALUMINUM: MW U.S. Market 78.00 cents -81.00 cents per lb. (Sept 3, 1987). ANTIMONY: New York dealer $1.12-$1.16 per lb. (Sept 3, 1987). BISMUTH: New York dealer $4.75-$5.00 per lb. (Aug 20, 1987). CA…
Gold have outlined the terms of a joint venture agreement to mine the surface oxide and deeper sulphide reserves of the Post deposit in Elko Cty., Nev. Located on the famed Carlin gold trend where New…
International has encountered paydirt at its Buckhorn mine in Nevada. The company describes the discovery as a “possibly significant high grade gold intercept,” noting the hole was drilled beneath the…
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