News

Plans are being formulated for an underground test of the Tandem Resources-Storimin Exploration joint venture project in Moss Twp., 70 miles west of Thunder Bay in northwestern Ontario. Representative…

Armed with more than $26 million, the bulk of which came via a $24 million units offering completed by London-based James Capel & Co., Eastmaque Gold Mines expects to be producing gold by the first qu…

An additional minimum $1.35 million has been proposed for a continuing program to start next month on the Kim Claims in the Indin Lake area of the Northwest Territories, reports Comaplex Resources, on…

Pending the successful completion of a $1-million flow-through share issue, Bighorn Development Corp. plans to rehabilitate the shaft on the main vein on its Island Lake gold property in northern Mani…

Diamond drilling is expected to start in early November on the Anton and Wapiyao gold properties held by Silvera Resources in B.C. and Saskatchewan respectively. Funding for the work will be provided …

The Thompson committee on junior mine financing has gone back to the regulatory drawing board and returned with major changes to its proposals for dealer compensation. The Ontario Securities Commissio…

I read with interest your nice article Sept 1, 1986, regarding the proposed merger of Pamour and Giant Yellowknife. During the past year articles said Pamour was bought by a mining company from Austra…

deposits of cobalt off the islands of Tuamotu near Tahiti, says the French government. Production was halted Oct 22 at Boliden AB’s Aitik copper mine near Gallivar in northern Sweden when 400 of the m…

The hot Pickle Lake exploration area in northwestern Ontario is covered by a set of 59 new survey maps just released by Ontario’s Ministry of Northern Development and Mines. The ministry says the maps…

A 14% jump in net earnings in the first nine months this year over the same period last year, has been attributed by Lornex Mining Corp. to reductions in operating costs and all other expenses. Lornex…

Pending a successful refinancing of Gowest Amalgamated Resources, the company is considering additional drilling on its Denton Twp., Ont., gold prospect, west of Timmins. A 5,000-ft program is conside…

When the U.S. dollar strengthened during the past week, gold prices dipped sharply, further evidence that the overiding factor in gold markets continues to be the relative strength of the U.S. dollar….