Agreement clears way for Silidor development
A 3-party agreement virtually assures that the Silidor gold deposit within the city limits of Rouyn- Noranda in northwestern Quebec will go into production. Noranda, Cambior and Cogesco Mining Resourc…
News
Noranda, Selco-BP encouraged by central Nfld. bet returns
Significant base and precious metal values in three recently completed drill holes on property in central Newfoundland have been reported by Noranda Exploration. The Tally Pond-Duck Pond project, loca…
Queries Kanstate shares worthless
I purchased 5,000 shares of Kanstate Resources in October, 1983, on the Alberta Stock Exchange. I received word in October, 1984, that the shares were to be consolidated, 3-for-1 and the company’s n…
New way to deal with arsenic could pave way for B.C. mine
Metallurgical problems that have prevented the development of a gold mine near Revelstoke, B.C., may have found a solution in a recent breakthrough in hydrometallurgy. Pilot plant tests at the U.S. Bu…
Yukon silver bet for Apex Energy
Apex Energy Corp. reports it has acquired a 100% interest in a group of nine mineral claims in the Rancheria silver camp in southeastern Yukon Territory. Known as the tbmb property, it lies near the h…
Moneta options Hananni ground
Nahanni Mines has optioned its 86-claim Michaud Twp. gold property to Moneta Porcupine Mines, President J. A. Harquail told shareholders at the Nahanni annual meeting. Moneta paid $50,000 on signing a…
Sea Gold funding
Consolidated Sea Gold Corp. reports that subject to regulatory approval, it has arranged a financing with ManKay Investments X Ltd. Partnership for $388,000 to be used for exploration work on Sea Gold…
Canuc, Orofino joint venture to explore Coronation project
Canuc Resources and Orofino Resources have concluded a joint venture agreement to explore Canuc’s Coronation Gulf gold property in Northwest Territories. Under the agreement, Orofino can earn a 70% jo…
Blackbird, Galveston deal sign of peace with Pezim
Blackbird Resources, a private company controlled by Ned Goodman, Peter Steen, Timothy Hoare and several other directors of Royex Gold Mining Corp and International Corona Resources, has completed a d…
Construction starts at Cheni project
On site construction work is under way at Cheni Gold Mines’ Toodoggone area gold project north of Smithers, B.C. The company has successfully completed its $38.1-million public offering and signed the…
Royal Oak focusing on Maylac project
A net loss of $606,922 has been recorded by Calgary-based Royal Oak Resources for the 6-month period July 1-Dec 31, 1986. The company, which is changing its fiscal year to correspond to the calendar y…
Go-ahead is given for new gold mine in northern Ontario
The go-ahead has been given for Ontario’s latest gold mine. At presstime, Dome Mines President Henry Brehaut told The Northern Miner that the Dona Lake orebody in the Pickle Lake area of the province,…