Nevada heap leach bet acquired by Glamis Gold
Glamis Gold has picked up a heap leach property in Nevada which was previously thought to be uneconomic because of high cyanide consumption. The property covers approximately 24 square miles and is ne…
News
Zuni Energy plan to recover scrap from ocean floor
The economics of mining mineral-rich nodules on the ocean floor has been debated for years. And it’s almost a certainty this practice would not be feasible at today’s metal prices. But how about refin…
News in Brief (February 23, 1987)
William Frederick Christensen has filed a notice of intention to distribute 150,000 shares of Lytton Minerals through the facilities of the Toronto Stock Exchange on or after Feb 17. The shares to be …
Durham increases voting interest in Oakwood Petroleum
The board of directors of Durham Resources has agreed to acquire approximately an additional 30% voting interest in Oakwood Petroleums for the issuance of 8,310,676 Durham shares. This will increase D…
Gold and graphite keep Glenvet active in New Brunswick
A 22-hole diamond drill program totalling 6,750 ft has been completed on the Golden Grove flake graphite deposit located northeast of Saint John, N.B., by Vancouver- listed Glenvet Resources. The dril…
Fourth quarter offsets losses for Equity Silver
With revenues totalling some $63.7 million, Equity Silver Mines managed to post a modest profit of $22,000 last year, compared to $230,000 in 1985. Fourth-quarter earnings of $605,000 offset losses in…
Market action in January enough to curl your hair
One only has to look at the numbers to see that this past January was a hair-curling month on the Toronto Stock Exchange. With 603.1 million shares trading hands that month, a new all- time record was…
Metals Report Platinum ready to rebound
Before the wheels fell off the platinum bandwagon earlier this year, the price of the precious-industrial metal reached as high as $670(US) per oz. Its slump to $460 was quick but it was far from pain…
McGill symposium
The Adams Club, McGill University’s department of geological sciences, will be host of a symposium March 6 in the Royal Bank auditorium, Place Ville Marie, Montreal. It’s titled Ore Deposits in Metamo…
Editorial Mining men at the dance
It looked like a Who’s Who of mining the other night at Toronto’s O’Keefe Centre, when ballerina Vanessa Harwood gave her final performance with the National Ballet of Canada. Amongst the appreciative…
Lac Shortt royalty deal upsets Opawica meeting
The sharp differences between Opawica Explorations Inc., vendor of the Lac Shortt gold mine property of Corp. Falconbridge Copper, and that company surfaced during a lengthy annual meeting of Opawica …
Pathfinder withdraws from Pine Tree bet
Goldenbell Resources says that Pathfinder Gold of San Francisco has elected not to participate in further development of the Pine Tree gold project. The option agreement expired on Jan 30 and both com…