Report from Australia Fundamentals support boom
Gold and platinum group minerals have been the two commodities to excite both mining company management and stock market followers over the past six months. Unlike some earlier booms, the market enthu…
News
Correction (January 26, 1987)
MSV Resources was incorrectly reported in last week’s issue as being under the wing of Cogesco Resources. That should have read Somicom Management Inc., not Cogesco. MSV has an option to earn a 49% in…
Laurentian drive will be led by former Inco man
Mining engineer Dr James Grassby, a former Inco executive, has been appointed executive director of a development campaign for Laurentian University, Sudbury, Ont. Dr Grassby’s mandate will be to work…
X-Cal is encouraged by Snowbird results
Encouraging intersections have been returned from drilling on the Snowbird property of X-Cal Resources in British Columbia’s Omenica mining division, the company reports. President Shawn Kennedy says …
Augmitto, Bay outline reserves on Quebec bet
A preliminary reserve calculation for the Fourax II property shared equally by Augmitto Explorations and Bay Resources and Services, concludes the property has possible reserves of 675,000 tons gradin…
Second phase drilling by Wesley/Radcliffe in Nevada
The second-phase drilling program is slatted to start next month on the Independence property near Elko, Nev., by joint venture partners Westley Mines and Radcliffe Resources. Evaluation of the result…
Major underground effort set by Placer at Seabee $4.2 million
A $4.2-million underground exploration program at the Seabee gold project has been given the go ahead by Placer Development. Held under option from Claude Resources, the Seabee property is located 78 …
Gold output is notable for Total-Erickson
With two mining operations running only part of the year, 1986 gold production for Total Erickson Resources amounted to 35,633 oz. The company’s Mt. Skukum project south of Whitehorse, Yukon, came on …
Underground, surface work for Citadel Gold prospect
Approximately $1.3 million will be spent by the end of February on the Citadel Gold Mines property near Wawa, Ont. The work will include dewatering, underground and surface drilling, plus some develop…
New reserves for Dome group
The historical reserve policy of Dome Mines and its affiliate companies, to conservatively calculate reserves as only proven ore which can be mined without additional development costs, has been ended…
Major drilling is under way for City Res.
A 29,000-ft drill program is under way at City Resources (Canada)’s Cinola gold deposit in the Queen Charlotte Islands. The company says the program is designed to confirm the grade and tonnage of the…
Dore/Orofino joint venture Vermillion Lake LD
Dore Exploration and Orofino Resources have entered into a joint venture on the latter’s 128-claim option in the Vermillion Lake project in the Mine Centre area of northwestern Ontario. The claims cov…