J.A.G. confident about gold bet
J.A.G. Mines continues to feel confident about its Malartic gold property in northwestern Quebec, President Pierre Gevry writes in the annual report. A new drilling campaign this year is following up …
1987
Rea Gold reveals net smelter deal
Vancouver-based Rea Gold has entered into an agreement to buy a 15% net smelter return on the multi-mineral Discovery zone at its wholly-owned Adams Lake property from Allan Hilton of Kamloops, B.C. U…
Report from Australia Gold at forefront of market boom
Most of the news emerging from the Australian mining industry has been sufficiently promising to keep an overheated stock market on the boil. Gold issues have been at the forefront of speculative inte…
Queries No, Handley does not have a mine
I would like some information with regard to some shares I own in Handley-Gerlach Mines. They were given to me by my brother-in-law in his will and I would like to find out if: the shares are any good…
Yukon silver bet for Apex Energy
Apex Energy Corp. reports it has acquired a 100% interest in a group of nine mineral claims in the Rancheria silver camp in southeastern Yukon Territory. Known as the tbmb property, it lies near the h…
Change at Maggie spurs option
There has been a management change at International Maggie Mines which has enabled the company to pursue an option agreement with Minnova Inc., formerly Corporation Falconbridge Copper. Millard H. Lut…
Moneta options Hananni ground
Nahanni Mines has optioned its 86-claim Michaud Twp. gold property to Moneta Porcupine Mines, President J. A. Harquail told shareholders at the Nahanni annual meeting. Moneta paid $50,000 on signing a…
Metal Prices PRODUCER PRICES (June 29, 1987)
ALUMINUM: MW U.S. Market 72.50 cents -74.00 cents per lb. (June 11, 1987). ANTIMONY: New York dealer $1.18-$1.23 per lb. (May 14, 1987). BISMUTH: New York dealer $3.35-$3.45 per lb. (June 4, 1987). CA…
Heap leach bets high on Cominco’s list
With $40 million in its treasury from a recent equity offering, Cominco Resources International is preparing to initiate work on 50 international mineral properties. Exploration work at Cominco’s Buck…
Canadian to speak at symposium
Two prominent Canadians are scheduled among speakers at the 12th anuual symposium of the Uranium Institute, to be held in London, England, Sept 2-4. They are Marcel Masse, federal minister of energy, …
Mining engineer shortage looms Education Foundation warning
With a shortage of highly trained mining and metallurgical engineers once again looming in this country, the Canadian Mineral Industry Education Foundation is stepping up its efforts to attract studen…
Nor-Quest bid for Northair a “property grab”
A formal offer has been made by Nor-Quest Resources for control of Northair Mines which is now preparing a fairness opinion on the proposal. The hostile takeover bid has already been denounced by Nor…