Newmont pushed to wall by gold-hungry Pickens
Analysts predicting that Newmont Mining Corp. would be pushed to the wall in its effort to stop Texas oilman T. Boone Pickens from taking control of the New York company, were proved correct this week…
1987
Gold production on line for Mascot
Gold production during August at Mascot Gold Mines’ Hedley operation was 8,920 oz and September output is projected to be 10,000 oz, says the company. The mill is operating at design capacity of 2,700…
Westmin, Colony boost reserves at Blue Moon bet
Reserves at Westmin Resources’ Blue Moon project in California have increased by about one-third following a drill program. They now stand at 4.1 million tons (probable and inferred) grading 0.06 oz g…
Laurasia Resources
Laurasia Resources is making a rights offering to shareholders, under which each shareholder will receive one right for every share held. Each right will entitle the shareholder to subscribe for one u…
D. K. Platinum Corp.
D. K. Platinum Corp. is establishing a wholly-owned subsidiary based in the Channel Islands to facilitate and supervise the company’s international business operations, reports President Brian Gorval….
Honcho exploring gold play at Timmins
Vancouver-listed Honcho Gold Mines is taking on an interesting gold bet in the bustling Timmins area. It’s a 22-claim block in Bristol Twp. acquired from well-known local prospector R. E. Allerston, P…
Better times return for base metals
The outlook for base metals indicates sustained higher prices and company profit levels not seen since the early 1980s, Nesbitt Thomson Deacon states in a report titled The Revival of Base Metals. “Th…
Canhorn gets option on Falconbridge bet
Canhorn Mining Corp. has acquired an option to earn a 45% interest in four claims adjoining the company’s Nickel Offsets property near Sudbury, Ont. Falconbridge Ltd. vended the claims to Canhorn for …
Windflower extends zone on B.C. Goldfinch prospect
Drilling has extended the high grade East zone at Windflower Mining’s Goldfinch property near Revelstoke, B.C. The property falls under an option agreement with Granges Exploration, the operator for t…
Greenstone pleased at Gwillim project
Encouraging results continue to come from the Gwillim gold property near Chibougamau, Que., partners Greenstone Resources, Muscocho Explorations and Flanagan McAdam Resources say. The two latter compa…
People (September 28, 1987)
Denison Mines — Andrew Rickaby will be moving to Toronto as vice-president mining; Colin Benner will become vice-president Elliot Lake operations; Fergus Kerr is promoted to general manager Elliot La…
EDITORIAL Protectionism self-defeating
Wiser heads are appearing in the U.S., though they are seemingly not prevailing, concerning the issue of protectionism, a mood in that country that is seriously threatening the possibility of a free t…