Goldpost expects to raise $4.4 million
Share prices of Toronto-listed Goldpost Resources jumped from $1.60 to a new high of $2.75 last week, one week before the company’s Class B warrants become due. Asked for an explanation at the company…
News
Canadian postal dispute?
There is a possibility of a dispute in the Canadian postal service within the next few weeks, which would disrupt mail service. Should this happen, subscribers in Toronto, Montreal and Vancouver may o…
Outland Res. options Que. platinum/gold bets
Outland Resources says it has optioned three large properties in the Labrador Trough area of Quebec where recent sampling by Quebec government geologists have discovered high values in platinum group …
High River, Nor-Acme to develop Snow Lake
Underground exploration is expected to start shortly on the Snow Lake gold property, following the completion of an agreement between Nor-Acme Gold Mines and High River Resources. The latter company h…
Outokumpu Mines buys 40% stake in Namew Lake
A 40% interest in Hudson Bay Mining and Smelting’s high-grade Namew Lake nickel deposit has been purchased for $5.2 million by Outokumpu Mines. Located in Manitoba, the Namew Lake deposit hosts reserv…
Taywin plans more work on its Electrum property
More work is planned this year on Taywin Resources’ Electrum property on Vancouver Island. According to J. Donald Graham, president, the program will include metallurgical testing of ore grade drill …
Editorial Inco does it again
What is possibly the world’s first all-electric operation for a hardrock mine, Inco Ltd.’s Crean Hill nickel-copper mine at Sudbury, Ont., has shipped its first train load of ore to mark the beginning…
Analysts not ecstatic on Dome/Placer merger
The merger of Placer Development, Dome Mines, and Campbell Red Lake Mines, has generated mixed reviews from Canadian mining analysts. Few are outright ecstatic about the plan but they tend to agree th…
Busy year for Tandem Resources
“Dramatic and positive changes in the company’s affairs have taken place during the past year and it is expected that this trend will continue this year with the company heavily involved in a number o…
Pencrude to earn interest in claims held by Interquest
A letter of intent under which Pencrude Resources will be able to earn a 50% working interest in 257 claims held by Interquest Resources in the Moss Twp.-Powell Lake area of northern Ontario has been …
Power option with Van Horne
A deal has been signed between associated companies Power Explorations and Van Horne Gold Exploration. Power has the right to earn a 50% interest in Van Horne’s gold property five miles south of Dryde…
Better to explore Fording holdings
An agreement has been reached between Better Resources and Fording Coal which will allow the former to explore Fording’s uncommitted base metal mineral holdings in the Mt. Washington area on Vancouver…