Jascan, Scotia Prime to go underground
Two companies with plans for underground programs within the next six months are Jascan Resources (ASE) of Toronto and Scotia Prime Resources of Halifax. Jascan is drilling the Dufferin Mine property …
1988
Augmitto financing
Private placements totalling $8 million have been completed by Augmitto Explorations (TSE). The company placed three million Class A special shares at $1.80 per share with European investors. Another …
Sharp increase in quarterly profit for Noranda Inc.
Earnings for Noranda Inc. (TSE) continue to sparkle. The resources giant recorded a second-quarter net income of $186 million on total revenue of $2.3 billion, compared with $103 million on revenue of…
Santana to test airborne gas detector over Nevada
Explorationists may soon have at their disposal a powerful new method of remotely detecting mineral deposits. The instrumentation is being developed by Skyborne Exploration Canada, which is 51%- held …
Metal Prices PRODUCER PRICES (July 25, 1988)
ALUMINUM: MW U.S. Market $1.22-$1.29 per lb. (July 7, 1988). ANTIMONY: New York dealer $0.95-$1.05 per lb. (July 7, 1988). BISMUTH: New York dealer $5.60-$5.75 per lb. (June 23, 1988). CADMIUM: New Yo…
Thor to earn interest in Big Hurrah project
Calgary-based Thor Gold (ASE) has signed a letter of intent to earn a 70% interest in Golden Zone Developments’ (VSE) Big Hurrah project on the Seward Peninsula about 45 miles east of Nome, Alaska. Th…
Rio ’89 meetins
A call for papers has gone out for the 13th International Geochemical Exploration Symposium and the 2nd Brazilian Geochemical Congress slated for Rio de Janeiro Brazil, Oct 1-6, 1989. Sponsors of the …
People (July 25, 1988)
HUDSON RESOURCES — Peter Haladin acting as president and director due to the resignation of Joseph Balint.
Cominco options Tom from Hudson Bay M&S
Cominco Ltd. (TSE) has concluded an agreement with Hudson Bay Mining & Smelting (TSE) to explore the latter’s Tom lead-zinc property in the Yukon. The Tom property is located on the Canol Road, close …
Spectacular results bode well for Muscocho group’s Magnacon
Partners Flanagan McAdam Resources (TSE) (50%), Muscocho Explorations (TSE) (25%) and Windarra Minerals (VSE) (25%) have announced a flurry of drill ** results from the Magnacon property which can on…
Gold survey maps are on sale in B.C.
New gold survey maps covering a large area of north-central British Columbia are now available from the province’s ministry of energy, mines and petroleum resources. The maps are based on a government…
Queries Kennco can earn 30% of Dundee/N.A. bet
I am writing to enquire about the Dundee-Palliser/North American Rare Metals’ Vezza property near Matagami, Ont. According to rumors, upwards of two million tons grading 0.25 oz gold per ton are conta…