New projects for Glen Auden Res.
The new projects undertaken by Glen Auden Resources this year include: * Ground geophysics are planned on the 51-claim joint venture with Mineta Resources. The property adjoins Rambo Exploration’s pro…
News
Seabright sits on jewel of east
On the threshhold of crossing that magic line which separates exploration companies from gold producers is Toronto-listed Seabright Resources. This Halifax- based company plans to produce from its Bea…
President bullish Lacana looks to a good year
He may be new to the job, but that’s no reason Gil Leathley should remain a stranger. The new president of Toronto-based Lacana Mining believes in getting out to meet his workers. “I spend about 40% o…
La Teko start
Development work has begun at La Teko Resources’ Ryan Lode heap leach project near Fairbanks, Alaska (N.M., Feb 16/87). The company hopes to produce 13,000 oz gold this season from agglomerated materi…
Metals industry must compete in an active materials market
It won’t be an easy task but the metals industry can fight back in the marketplace. “Yes, but it’ll be tough,” George Jewett, of the Toronto consulting firm Jewett & Associates, told a luncheon meetin…
Merger terms okayed for Cdn Premium, Mahogany Minerals
The boards of directors of Canadian Premium Resource Corp. and Mahogany Minerals have approved an amalgamation ratio for the merger of the two companies. An independent consultant has placed a thresho…
Four Seasons holes cut low grade assays
Drilling by Four Seasons Resources failed to intersect economic gold mineralization on the company’s Beaver Dam property in Nova Scotia. The 2-phase drill program tested sections of the main slate hor…
Lacana completes sale of shares
Lacana Mining says it has completed the sale of five million common shares, represented by deposit receipts, at $12 each. The proceeds have been used to reduce the debt incurred from Lacana’s recent p…
Madeleine gets grant for road construction (head)
Madeleine Mines has received a commitment from the Ontario government to conditionally contribute up to $25,000 per kilometre for an access road to its Lac Des Iles project in northwestern Ontario. Cl…
Letters to the Editor Resents slur on Indonesians
I have had the article by Keith McCandlish (Odds ‘n Sods, Feb 23/87) on coal exploration in Indonesia pointed out to me. Only the threat, at the close of the article, that there might be more of this …
Mining taxation
A one-day seminar, providing an update and overview of the taxation of the Canadian mining industry, will be offered May 5 at the Four Seasons Hotel (Yorkville), Toronto. Topics to be discussed includ…
Noranda, Placer both looking at Dome Mines shares
Noranda Inc. and Placer Development both admit they have an interest in the possibility of buying the shares of gold-producer Dome Mines held by Dome Petroleum, but neither Noranda nor Placer appear t…