Interest expressed in Dumont property
Record nickel prices have created an interest in a deposit of the base metal situated in northwestern Quebec, Dumont Nickel (ME) of Val d’Or reports. Two American companies are negotiating for long-te…
1988
Underground program planned by Citadel at Surluga property
Under new ownership, Citadel Gold Mines (TSE) is getting serious about its former producing Surluga gold property at Wawa in northern Ontario. The junior mining company is planning an underground test…
Copper upturn helps Lornex
Copper prices reaching levels not seen since 1980 helped Lornex Mining Corp. (VSE) enjoy one of its better years, according to the company’s annual report. Lornex has a 45% interest in Highland Valley…
Chevron, Stroud are considering underground work
An underground exploration program will be considered following the completion of a 30,000-ft drill program at the Hislop project held by partners Chevron Canada Resources, and Stroud Resources (TSE)….
Talisman hole down-dip
Talisman Mines says that a strong intersection completed by Placer Dome Inc on a gold property is not as encouraging as was initially believed. The 20-m section which graded 6.7 g gold per tonne (0.19…
Redfern and Cominco plan more drilling
A $1.5-million surface and underground exploration program is being considered by Redfern Resources (VSE) and Cominco Ltd. (TSE) for the Tulsequah Chief massive sulphide property on the Tulsequah Rive…
Gibraltar profits
After six years of losses, Gibraltar Mines (TSE) describes its return to profitability as particularly significant because it “probably has the lowest grade orebody of any operating copper mine in the…
Saleine Mines sold to Canadian Salt
A wholly-owned subsidiary of the Quebec government’s Soquem, Seleine Mines, has been sold to Canadian Salt for $35 million. The Saleine operation produces salt from a deposit situated on one of the Ma…
Toronto Stock Exchange Falconbridge, Inco highlight lethargic week
Trading in the shares of Inco Ltd and Falconbridge Ltd was the only highlight in a generally lethargic week of activity. Today, both issues raced near their highs, primarily due to firming commodity p…
Duration nickel find
A nickel-copper discovery has been made by Duration Mines (TSE) on the company’s property near Geraldton, Ont. A drill test of a geophysical anomaly cut 98 ft grading 0.5% combined nickel- copper per …
Lacana’s Santa Fe swells Euro-Nevada royalty assets
After six months of negotiations, Toronto-based Euro-Nevada Mining (TSE) has added another gold property to its list of Nevada royalty holdings, the company said recently. Euro-Nevada has acquired a 1…
Goldteck find high grade at Wilkinson Lake prospect
Toronto-based Goldteck Mines (TSE) has pulled a high grade gold intersection while drilling at the Wilkinson Lake property in Beardmore, Ont., the company announced recently. Hole No. 87-17 intersecte…