Shareholders of Errington Industrial Enterprises have approved the
company’s acquisition of the Stairs gold prospect near Matachewan, Ont. The company’s name has also been changed to Goldteck Mines.
News
Westmin looks bullish on Silbak, Big Missouri
There appears to be little doubt that Westmin Resources w ill have a viable mining operation at Stewart, B.C., when it completes this year’s work program at its British Silbak and Big Missouri gold pr…
Cal Graphite reviews feasibility study for graphite deposit
A production feasibility study has been received by Cal Graphite Corp. for its open pit, crystalline, flake graphite deposit near Huntsv ille, Ont. A company spokesman, Richard Addison, says Cal Graph…
Investors catch Madeleine Lac des Iles platinum fever
Investors have apparently caught the Lac des Iles bug judging by the recent market action on Madeleine Mines. This company plans to bring into production the optioned Lac des Iles platinum-palladium p…
Westmin/Nexus
Nexus Resource Corp. has been granted an option by Westmin Resourc es to earn a 50% interest in its Debbie property located six miles east of Port Alberni on Vancouver Island. The property, which cons…
Almaden finances exploration work for gold, silver
Almaden Resources has raised $420,000 in a best efforts offering to explore three precious metals properties. The financing increases the company’s working capital to approximately $500,000, the bulk …
Cominco metals shows profit but fertilizer still in red
The mining and integrated metals business segment of Cominco Ltd. h as benefited dramatically from higher metal prices, productivity improvement and a general cost-cutting program. But the company’s f…
Strontium market will stay strong new study says
In spite of recession, the effects of new technology and competition from alternative materials, demand for strontium is continuing its strong growth displayed during the early 1980s. Following the ra…
Montreal Exchange: Syngold makes big gain
Wednesday close, Nov 5 A good example of the success of Quebec’s flow-through offerings to raise money for exploration is found in Syngold Exploration. It might also be an argument against flow-throug…
Equity trims loss
Equity Silver Mines reported a loss of $583,000 or 2 cents per sha re for the nine months ended Sept 30, compared to a loss of $713,000 or 3 cents a share the previous year. President A.J. Petrina sa…
Energex winds down Toodoggone work
Increased income from operations and a positive cash fl ow boosted Energex Minerals’ cash position during the quarter ended Aug 31 to $1.64 million. President Arne O. Birkeland says the company’s inve…
Letters to the Editor: The platinum coins
I was interested to read your article First Platinum Mine — Where? Who? and surprised to see the statement that it was the Swiss who started minting 1-oz platinum coins. We believe the first platinum…