Newhawk back at Sulphurets
Underground development work has begun at Newhawk Gold Mines Sulphurets project north of Stewart, B.C. Freight and equipment have been transported to the site for a $5 million 2-phase program, the fir…
News
Toodoggone project affected by Serem (now Cheni Gold Mines Ltd)
The decision by Serem Ltd. to proceed with its Lawyers project, north of Smithers, B.C., will effect a number of properties in the Toodoggone area, including the Mets project of Manson Creek Resource…
Editorial Stock hot-line
Three gold exploration companies had trading of their shares halted this week in Vancouver and Toronto for a rather unusual reason. It appears that over the weekend, a Toronto-based penny stock invest…
Hudbay bottom line better despite weak metal prices
Even though base metal prices continued at depressed levels last year, Hudson Bay Mining and Smelting was able to improve its bottom line, but not enough to boost it into the black. The company’s net …
CFC changes corporate name to Minnova Inc.
Innovation in mining will characterize the new Corporation Falconbridge Copper, so the company has taken that phrase and fashioned a new name for itself — Minnova Inc. Since control of the company –…
HSK and Joutel to buy Queenston Gold shares
Working on an agenda of quiet growth over the past year, Toronto- listed HSK Minerals and Joutel Resources have taken a major step which consolidates their position in the famed Kirkland Lake mining c…
Nickel-price rally runs out of steam
The rally in nickel prices experienced since the start of this year appears to have run out of steam and prospects for further price hikes in the short term appear limited, Shearson Lehman Brothers re…
Stewart Lake busy with graphite bet
Stewart Lake Resources has completed a geophysical survey over the company’s Kirkham graphite property, located 25 miles north of Kingston, Ont. The surveys outlined three parallel zones varying in le…
Toronto Stock Exchange Golds look good as U.S. dollar fuels
With fears that high interest rates and inflation are lurking around the corner, investors sought solace the only way they knew how — by stocking their portfolios with bullion and gold shares. As the…
Eastmain and others have spent $3.3 m
More than $3.3 million has been spent by Westmin Resources and joint venture partners Eastmain Resources and MSV Resources on their East Main River properties since 1983. The area is located in northe…
Getty, Noranda drilling expands Tundra potential
The first two holes of the 1987 exploration season on the Tundra property have confirmed the continuation of gold-bearing zones both at depth and along strike, partners Noranda Inc. and Getty Resource…
CDDA meeting
The 44th annual meeting and convention of the Canadian Diamond Drilling Association (cdda) will take place April 29, 30 and May 1 at the Fantasyland Hotel in Edmonton, Alta. A varied agenda covering n…