Raleigh Energy buys interest in Powder Metals
Copper powder is a fast-growing specialty market which has attracted Vancouver- based Raleigh Energy. The company recently acquired approximately 40% of Powder Metals Australia which has a number of g…
News
Inco to open its Crean Hill mine
An additional capital expenditure of $40 million will be made by Inco Ltd. at its Sudbury, Ont., nickel mining operations. Over a 2-year period, the world’s largest nickel miner plans to spend $25 mil…
Lakeshore Minerals acquires properties
Lakeshore Minerals has acquired four mineral prospects. These include 22 claims in Notman Twp., and 8 claims in Chelsey Twp., Ont. The purchase price was $4,200 and 400,000 of the company’s common sha…
Teck takes option on Fleck’s platinum bet
In a move that could bring its Marathon, Ont., platinum group metals (PGM) deposit to a production decision as early as late next year, Fleck Resources has signed a letter of intent with Teck Corp. in…
Klondex starts development on Nevada property
Klondex Mines has completed an arrangement for an immediate drilling and development program on its Fire Creek heap leach gold project in Nevada, a joint venture with Alma American Mining Corp. Two pr…
TSE 24-hr trading?
The Toronto Stock Exchange will be initiating a pilot program of a 24-hour trading system in the near future, John Kolosky, director of market operations tells The Northern Miner. He says the TSE has …
Somicom revives Massval Resources
Long-quiet Massval Resources is being revived by Somicom Management, t the Montreal-based mining team that put together Cogesco Resources and First Canacord Mineral Exploration Partnership. Somicom ha…
Madeleine cuts platinum values (September 29, 1986)
Additional drill results have been released by Madeleine Mines from the company’s optioned Lac des Iles platinum group metals (PGM) property. Located north of Thunder Bay, Ont., the property is being …
U.S. Precious Metals gets 25% of Hilltop
U.S. Precious Metals has decided to exercise its right to earn a 25% interest in the Hilltop gold property near Battle Mountain, Nev. After investigating the property and examining the core from some …
Coronado/Bordeaux sign agreement
Coronado Resources has signed an option and joint venture agreement with Bordeaux Resources to further explore the former’s Davis Lake property in the La Ronge gold belt of Saskatchewan. Under the ter…
Bruneau options Estrades claims
Golden Range Resources, Melrose Resources and Ventex Energy have given Bruneau Mining the option to earn a 60% interest in 50 claims in Estrades Twp., part of northwestern Quebec’s Casa Berardi area. …
THE EDITORIAL PAGE CIM conference for underground operators
Elliot Lake, Ont has been chosen as the venue of the eighth CIM Underground Operators Conference to be held Feb 23-25, 1987. As with past conferences, this session is aimed at the mine operator with p…