Barrick selling Wilanour shares
The controlling shareholder of Wilanour Resources, American Barrick Resources, is selling its 67% in the company to Robert Fasken and an unnamed “major mining corporation.” Mr Fasken has interests in …
1987
Balcor confirms reserves on Lynn Lake project
A previously known gold deposit near Lynn Lake, Man., has been confirmed and enhanced by Vancouver-based Balcor Resources in a major exploration program. The company started drilling the deposit in Fe…
Alberta Stock Exchange Disputes affect stocks
On a week when Alberta gold stocks awoke from recent slumbers, allegations of fraud and breach of contract affected a couple of issues quite differently. News that Mohave Gold will retain a 100% of it…
Aruba gold exploration confirms 1872 reports
A mere six months after it obtained exclusive mining concessions to the Dutch Island of Aruba, located 15 miles off the coast of Venezuala, Monte Carlo Gold Mines has completed the first phase of a $2…
Editorial Boosting Technology Transfer
Politicians and academics have long played lip service to something they call “technology transfer” — making sure the discoveries that are made in our research institutions are introduced to our mine…
Ground Control
The 7th international conference on Ground Control in Mining is scheduled for Aug 3-5, 1988, at Morgantown, West Virginia. Papers to be presented at the conference are being invited in the field of gr…
Mid-North completes financing; signs exploration deal
A recent share issue raised $340,000 for Mid-North Resources of Calgary. The company sold 500,000 common shares at 68 cents per share, with the accompanying 250,000 warrants being exercisable at 75 c…
Canadian consortium plans to become rare earth king
Being in the right place at the right time is the aim of every mineral exploration company with a view to earning a handsome return on its investment dollars. But for a consortium of Canadian companie…
Small mines forum
The Society of Mining Engineers (American Institute of Mining, Metallurgical and Petroleum Engineers) is sponsoring a forum titled Small Mines Development in Precious Metals Aug 30-Sept 2 in Reno, Nev…
Metal snips (July 20, 1987)
Diamond sales during the first six months of 1987 were 28% above sales for the same period last year, the Central Selling Organization of De Beers Consolidated Mines reports. Sales of rough stones tot…
Drilling confirms gold structure
The first phase of a drilling campaign undertaken by Essor Exploration on the Aiguebelle property in northwestern Quebec has detected a gold-bearing structure, President Guy Morissette reports. Essor …
ATLANTIC REPORT Noranda hits significant values
Noranda Exploration continues to be active in the Atlantic provinces. On its Tally Pond-Duck Pond project in central Newfoundland the company has intersected significant precious and base metal values…