Gerald Merrithew, Federal Minister of State for Mines “Many people expected the bottom to fall out, but that certainly did not happen. In fact the mining industry received some very special treatmen…
The Mobrun polymetallic mine in northwestern Quebec will start production July 1, the president of Audrey Resources, Guy Hebert, reports. Located 32 km north of Rouyn- Noranda, the mine will produce g…
A 14,000-ft drill program at the Howie gold project of Pacific Minesearch in North Carolina has outlined additional mineralization to depth. According to Victor F. Erickson, president, drilling in the…
A letter of intent has been signed between Falconbridge Ltd. and Halex Resources which gives Halex the option to acquire a 40% interest in the Heenan property located 135 miles southwest of Timmins in…
The big Windy Craggy copper- gold-cobalt-zinc project of Geddes Resources is getting another financial shot in the arm. The company says it has raised an additional $4 million in flow- through share f…
In this space last week, we carried an excerpt from a speech by W. R. A. Aitken, executive vice-president, Inco Ltd., in which Mr Aitken called on the mining industry to tell the public the story of t…
Finance Minister Michael Wilson’s white paper on tax reform retains the concept of flow-through share financing for mineral exploration, but in a less generous form. Under current flow-through rules, …
The Vancouver market has finally stabilized after plummeting over 70 points early in the week. Heavily biased towards precious metals, it reacted negatively to weaker gold prices which resulted from a…
The month of June has been a stormy time indeed for precious metal investors who have been forced to endure a punishing test of the $440 (US) per oz price level. During the week, bullion prices plumme…
Chelsea Resources, a company associated with Newfields Minerals, is looking at a production startup date of July 1988 on its 55%-owned Spotted Horse gold mine in Montana, a former producer active in t…
More than $1 million will be spent by Joutel Resources and partners on exploration this year, Joutel shareholders heard at the annual meeting. A major effort will be made at the company’s property nea…
Production from the rich Isle Dieu zinc deposit near Matagami, Que., is scheduled to begin by July, 1988. Discovered in late 1985 by Noranda Exploration, the Isle Dieu deposit hosts reserves of 2,064,…
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