News In Brief (January 05, 1987)
Torene Gold Exploration plans another 10,000 ft of drilling on its Harrington Cove gold property in Nova Scotia, following results of an initial 3,000-ft program that returned six intersections in fou…
News
N.W.T. Mining outlook encouraging for 1987
Mining in the NWT should continue to chart a steady course through 1987, says David Nutter, general manager of the Northwest Territories Chamber of Commerce. And, he says, gold will largely be respons…
1986 Range Tables
Next week’s issue will include complete range tables of all 1986 trading in the shares of mining companies listed on the Toronto, Vancouver, Montreal and Alberta stock exchanges, together with high-lo…
The year in review Jockeying for position, reshuffling assets in
With so many in the industry jockeying for position over the past 12 months, 1986 may well go down in mining history as the year of the asset shuffle. More than one observer no doubt has been left scr…
Tashota flow through
Tashota-Nipigon Mines has entered into an agreement with Muscocho Explorations which will see Tashota receive $400,000 from Muscocho. The funds will be used to finance exploration on various propertie…
Petromet, Greenstrike work on Onitap’s Nova Scotia bet
A $300,000 exploration program is slated for Toronto-listed Onitap Resources’ Nova Scoita mining properties to be completed by Feb 28, 1987. The 37 contiguous claims which include four former gold pro…
Glen Auden, Adola cut low grade gold (January 05, 1987)
Drilling by partners Glen Auden Resources and Adola Mining has yielded encouraging results from their Taylor Twp., Ont., gold prospect. Located east of Timmins, the property covers a section of the De…
Metals Report Cobalt shows political clout
Cobalt has proved to be one of the most volatile of minerals in the past year, due largely to the shifting sands of African politics rather than purely economic factors. “Cobalt carries more geopoliti…
Metal Snips (January 05, 1987)
Canadian production of refined copper in September increased to 47,014 tonnes from 42,040 tonnes in September, 1985. Primary copper production decreased to 62,702 tonnes from 63,570 tonnes. Gold produ…
Mobile biotank leach plant approved by Giant Bay Res.
The construction of a mobile biotank leach demonstration plant has been approved by the board of directors of Vancouver-listed Giant Bay Resources. Advanced negotiations are under way with several min…
Uranium mine may emerge from moratorium lift
A joint venture mining group may take another look at the possibility of a new uranium mine in British Columbia, as a result of the provincial government’s lifting of its 7-year-old moratorium on uran…
United Keno optimistic on high grade silver hunt
Last April at the annual meeting, United Keno Hill Mines president J.C. Cowan said that if the company was successful in increasing its grade of silver in ore milled to 100 oz, rather than the current…