Chances remote for an open pit at Giant Bay bet
Giant Bay Resources, which had hoped initial mining from its Gordon Lake gold property in the Northwest Territories could have been open pit, says that possibility “now seems highly unlikely.” The com…
News
Noranda OKs production on rich Isle Dieu orebody
What is so far a small but very rich zinc-silver-copper deposit near Matagami in northwestern Quebec is being put into production by Noranda Minerals at a cost of $35 million. Site preparation on the …
Cominco battery vies for national research award
A major percentage of auto batteries in North America may soon be produced using advanced manufacturing technology developed by a subsidiary of Cominco Ltd. The unique process was developed by Cominco…
Highwood/Hecla project could be producing in ’87
A deal between Hecla Mining Co. and Highwood Resources could lead to construction of a specialty metals mine as early as next year, Highwood President D. G. Thomas says. The deal, which was signed in …
Open pit Potential seen for Yukon gold prospect
A major exploration program financed by Chevron Minerals has outlined significant gold mineralization on a property in the Yukon held under option from Vancouver-based B.Y.G. Natural Resources. What i…
People (September 29, 1986)
CANTERRA ENERGY — Paul W. Douglas appointed to the board of directors.
Average Yield
The average yield on mining stocks was down 0.12% at 1.87% on the Toronto Stock Exchange, as compiled by Moss, Lawson and Co., on prices of Sept 5. Last month this group yielded 1.97%, while one year …
Syndicate finds platinum near Schefferville
A private company believes it could have a major platinum discovery in the Labrador trough area north of Schefferville, Que. Assays from the first half of about 2,000 samples taken by La Fosse Platinu…
Silverside cuts gold values in Garrison Twp.
Ore-grade gold mineralization has been encountered in three drill holes put down in an initial program on Silverside Resources’ Garrison Twp. property in northeastern Ontario. President Leith Hellens …
Drilling confirms Minefinders’ zone (September 29, 1986)
Initial drilling on Minefinders Corp.’s Eqst Group property in northwestern Quebec’s Dubuisson Twp. has confirmed the presence of a major gold-bearing shear zone with values ranging up to 0.24 oz gold…
Toronto Stock Exchange Market pulls out of tailspin to fly above 3,
Wednesday close, Sept 24 The market managed to regain some lost ground afterlast week’s tailspin to below the 3,000 pt level. Today with over 18 million shares changing hands, the widely followed com…
Flow-through offer made by augmitto
Augmitto Explorations has received final receipt from the Quebec Securities Commission for a prospectus offering in Quebec. If completed, the offering will raise a minimum of $2.5 million and a maximu…