Freeport agreement to explore N.W.T.
An agreeement in principle has been reached among Freeport- McMoRan Gold Co., a subsidiary of Freeport-McMoRannex, and Aber Resources and Highwood Resources. The agreement concerns the Bugow property …
1987
Fate of the old Lake Shore awaits results of drilling
It doesn’t take more than a flip through the pages of Kirkland Lake history to realize what a venerable position the Lake Shore mine held in that famous gold camp. One of the largest and richest mines…
Shareholder seeks greater representation
A minority shareholder was unsuccessful in a bid to have a seventh director named to the board of Citadel Gold Mines at the company’s annual meeting in Toronto. “We, as minority shareholders, are bein…
Tundra/Teck’s Lamaque mine records high gold values
There could be some life yet in Teck Corp.’s Lamaque mine property, a portion of which is being explored under a joint venture agreement with Tundra Gold Mines. High grade gold values, in almost all c…
Editorial Mining has much at stake in trade agreement
The following is an excerpt from “Free Trade and the Mineral Industry in Canada,” a speech recently delivered by Debra P. Steger, a lawyer currently with McCarthy & McCarthy of Toronto. Security of …
Citadel busy with underground work
Citadel Gold Mines remains busy with exploration work on four properties near Wawa, Ont. At the former producing Surluga gold mine, Citadel is drifting and performing underground drilling. This work h…
Amselco study for Ridgeway
A feasibility study has been received by Galactic Resources from Amselco Minerals for the Ridgeway project near Columbia, S.C. Galactic says construction of a 15,000-ton-per-day process plant can begi…
Letters to editor Copper information wanted
I am interested in finding out more about the copper staking rush of the 1960s and the exploration camp, Coppermine River Ltd. at Hope Lake, near Coppermine, N.W.T. Specifically: the number of claims …
Holmer options claims to Chevron
Chevron Minerals will be spending approximately $700,000 this year on B.Y.G. Natural Resources’ Mt. Nansen gold property in the Yukon. The expenditure is almost identical to last year’s budget which w…
Firms discuss joint venture
Toronto-listed International Platinum Corp. has signed a letter of intent with Degussa A.G. to enter into further negotiations on a joint venture exploration agreement regarding several of the former’…
Production dates set at Cargo and Kirkland
Production from the 200,000-ton bulk heap leach test at the Cargo Muchacho project in southern California is expected to start mid- March, says President H. Lutz Klingmann. Approximately 10,000 ft of …
Montreal Exchange Cogesco actively traded
Active trading on the Montreal Exchange led to new highs during the past week before the exchange’s portfolio index slipped back slightly. Mining issues continued to be among the active stocks, with t…