News

Granges/Abermin close to decision on Tartan Lake

A 500-ton modular mill will likely be operating at an initial rate of 250 tons per day by late March at Tartan Lake, eight miles northeast of Flin Flon, Man., according to project operator Granges Exp…


People (January 05, 1987)

Canadian Occidental Petroleum – Jerry R. Wright appointed executive vice-president and chief operating officer.


Royex raises $15 million

Royex Gold Mining Corp. reports that arrangements have been made to fund mineral exploration during 1987 by a placement of flow- through common shares to CMP 1987 Resource Partnership and Company Ltd….


Sherritt writes off Ruttan copper mine

Due to depressed base metal prices, Sherritt Gordon Mines is writing off $24.6 million, which represents the carrying value of the company’s Ruttan mine in Manitoba. At present prices, Sherritt says t…


Nevada Goldfields contracts for new mill

A contract has been let for the construction of a 500-ton-per-day carbon-in-leach mill facility by Nevada Goldfields Corp. The mill is expected to start processing ore from Nevada’s Kingston mine in N…


Montreal Exchange Yorbeau trades heavily

The most active issue on the Montreal Exchange this short holiday week was Yorbeau Resources, unchanged at 70 cents on 425,600 shares. Company officials said they knew of no reason why the stock had …




Problem-plagued deposit purchased by Aussie firm

Claiming a coup, East West Minerals N.L., an Australian-based junior mining company, has purchased the Caribou base metals deposit located 30 miles west of Bathurst, N.B. The deposit was purchased for…


COATS Trading Features (January 05, 1987)

Edda Resources was one of the few gainers in the holiday-shortened trading week. The issue added 3 cents to 45 cents . Edda is still working on getting listed on the Alberta Stock Exchange. Goldteck …


Mastt results on B.C. gold bet

Preliminary assay results have been reported by Mastt Resources from two drill holes on the company’s mineral claims in the Quesnel mining division of British Columbia. Hole No. 9 returned intersectio…


Rio to manage tin project for Kemptville bank group

The East Kemptville tin project will continue to be managed by Rio Algom on behalf of the East Kemptville Tin Corp., which is owned by the banking group that provided financing for the project. The Ea…


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