Production rate goes up at Pioneer’s Puffy Lake
Ore reserves have nearly doubled at Pioneer Metals’ Puffy Lake gold project and with this increase comes an expanded mill throughput to 1,000 tons per day. As a result of a recently completed diamond …
News
Westar has quarter profit, gears for a tough market
Under constant pressure from Japanese consumers to lower prices and volumes, coal producers like Westar Mining have been forced to control costs to remain competitive. That fact has been reflected in …
Novamin takeover
The takeover offer by Breakwater Resources for Novamin Inc (N.M., April 13/87) will be presented to their respective shareholders for acceptance in early May. Both companies have signed a memorandum o…
Stralak options Mexican gold bet, considers zinc mine
It has been a while, but Vancouver-listed Stralak Resources is back in the news. This time it has entered into an agreement with a mining company in Mexico to acquire an interest, up to 49% over the n…
Reg planning drill program
Reg. Resources Corp. says it plans a drill program this year on its Silverknife claims. These claims are located in the Liard Mining Division in northern British Columbia, contiguous to the Regional R…
Canamax closes in on gold production target
A mere five months after its Bell Creek project went into production, Canamax Resources has made two announcements which could bring the Toronto gold mining company closer to realizing its plan to pro…
Metal Snips (May 11, 1987)
Two American firms, A-Mark Precious Metals and Manfra Tordella and Brookes, have become official distributors of the Isle of Man’s platinum Noble bullion coins. Introduced in 1983, the coins are 99.95…
Queries Watson Lk. claims are near Sault Ste. Marie
Recently you described Operation Wawa. It was of interest to me as I hold stock in Watson Lake Mines which has a large claim between Sault Ste. Marie and Wawa, Ont. I have been through the last year…
Getty, Fairfield to drill Logan
A $1.2 million exploration program will be conducted on the Logan zinc-silver property by partners Getty Resources and Fairfield Minerals. Located 65 miles west of Watson Lake, Yk., the Logan project …
Investment Comment Trader Resource Corp. is in the transition stage
Investors looking for exposure in a company which is making the transition from exploration and development to the producer stage might consider Vancouver-listed Trader Resource Corp. Trading at press…
Goldcorp to enter gold bullion loan business
In a bid to lower the perennial discount evident in all gold funds, Goldcorp Investments plans to add more lustre to the fund by arranging gold bullion loans. The move is designed to use a portion of …
Strike notice
The United Steel Workers of America has served 72 hr strike notice on Cominco Ltd. Shutdown of the company’s massive smelting and refining complex at Trail, B.C. was scheduled to begin Wednesday May 6…