New reserves for Dome group
The historical reserve policy of Dome Mines and its affiliate companies, to conservatively calculate reserves as only proven ore which can be mined without additional development costs, has been ended…
1987
Major drilling is under way for City Res.
A 29,000-ft drill program is under way at City Resources (Canada)’s Cinola gold deposit in the Queen Charlotte Islands. The company says the program is designed to confirm the grade and tonnage of the…
Metals Report Moly’s fundamentals improving
Now don’t get me wrong. I’m not about to say that molybdenum is going to be a stellar performer for the rest of this decade. It’s not. But it could be starting on a slow but steady road to recovery. C…
Dore/Orofino joint venture Vermillion Lake LD
Dore Exploration and Orofino Resources have entered into a joint venture on the latter’s 128-claim option in the Vermillion Lake project in the Mine Centre area of northwestern Ontario. The claims cov…
General News & Comment McGill, Polytech plan co-op course in
McGill University, Montreal and Ecole Polytechnique de Montreal, said to be Canada’s two oldest mining schools, are jointly developing a new bachelor’s degree program in mining engineering. In an anno…
La Fosse platinum find sparks staking in Quebec
Several important platinum discoveries have been made by the La Fosse Platinum Group in the Labrador Trough, a major geological feature better known for its immense iron ore reserves. Located along th…
Canuc sells claims to Denison Mines
Uranium claims held by Canuc Resources have been sold to Denison Mines. Located near Elliot Lake, Ont., the claims host reserves of almost 7 million lb of uranium oxide. Canuc says that it could recei…
Skyline estimates large reserve
A reserve inventory has been released by Skyline Explorations for its Reg property in northwestern B.C. The company describes the reserve calculation by Dr E. W. Grove as conservative and continues to…
Three successful projects have Muscocho hustling
Three gold exploration projects on which Muscocho Explorations is acting as operator are returning values that make each one of them look a cinch to carry on to the further phases of development. In f…
News in Brief (January 26, 1987)
American Barrick is now the sole owner and operator of the Goldstrike mine in Nevada. This follows the approval by shareholders of Pancana Minerals of a plan of arrangement which results in Pancana be…
Toronto Stock Exchange Is the bull taking a breather before its
The bull was a bit grumpy this week as prices slipped following two straight weeks of gains into uncharted territories. Analysts are predicting a correction of about 10% is in the works, but they add …
Unique sampler
A unique and rapid sampling- assaying device known as the Mineral Analysis Probe (MAP) is proving a boon to the exploration-development program under way at the Hellens Eplett silver mine at Cobalt. D…