Glamis and Gold Fields sign a lease agreement
A formal lease-purchase agreement has been signed between Glamis Gold and Gold Fields Mining for 2,400 unpatented mining claims in Imperial Cty., Calif. The claims cover approximately 75 sq miles in t…
News
Surface work to start at Gunsteel gold bet
Surface exploration will begin shortly at Gunsteel Resources’ Nugget gold property near Salmo, B.C. According to Stan Endersby, president, consideration is also being given to direct shipping ore to t…
Survival of flow-through debatable under tax reform
The investment community appears divided over how recent tax reform provisions will affect the future of flow-through share financing for mineral exploration. Analysts are scratching their heads over …
United Reef, Canhorn announce results
Results of a nickel offsets joint- venture involving United Reef Petroleums and Canhorn Mining Corporation near Sudbury, Ont., were announced recently. The company says geological mapping and ip surve…
Moneta buys claims in Tisdale Twp. area
Less than a year after it returned to the precious metal business, Moneta Porcupine Mines has reached an agreement with Labrador Mining and Exploration to buy 92 claims in the Timmins, Ont., area. Loc…
Renewed gold emphasis starts to pay
It wasn’t necessarily a banner year for the six companies which form the Coniagas Group but the results of some exploration ventures involving the group, suggest that at least one member is progressin…
Change at Maggie spurs option
There has been a management change at International Maggie Mines which has enabled the company to pursue an option agreement with Minnova Inc., formerly Corporation Falconbridge Copper. Millard H. Lut…
Metal Prices PRODUCER PRICES (June 29, 1987)
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…
Canadian to speak at symposium
Two prominent Canadians are scheduled among speakers at the 12th anuual symposium of the Uranium Institute, to be held in London, England, Sept 2-4. They are Marcel Masse, federal minister of energy, …
Mining engineer shortage looms Education Foundation warning
With a shortage of highly trained mining and metallurgical engineers once again looming in this country, the Canadian Mineral Industry Education Foundation is stepping up its efforts to attract studen…
Cominco option from Silver Talon
Cominco Ltd. has an option to acquire a 60% undivided interest in the Tulsequah area property of Silver Talon Mines in northwestern British Columbia. Known as the Banker-Sparling prospects, the proper…
Essor intercepts new gold zone
A new gold zone on the Aiguebelle property in northwestern Quebec has been intercepted by Essor Exploration with encouraging results, President Guy Morissette reports. Hole 87-22, between a depth of 6…