Pacific Minesearch discovers new zone
A new mineralized zone has been discovered in latest drilling by Pacific Minesearch on its Howie gold project near Charlotte, N.C. The 16,000-ft drill program has concentrated on delineating reserves …
1988
Cove falls short as Echo turns in results
A 50% increase in ounces poured over the last 12-month period and a 20% hike in the price of the yellow metal reflects well on the bottom-line results of Echo Bay Mines, released this week. But result…
Nickel Plate to push Lacana over 100,000 oz gold in ’88
The future for Lacana Mining can only get better. The Toronto-based mining company, which in fiscal 1987 produced 39,000 oz gold (and about 781,000 oz silver) from its share of several North American …
Duration and Locator in Sault joint venture
Toronto-listed Duration Mines has entered a 3-way joint venture with Locator Explorations, and a private company called Aurogin Resources to explore 86 claims in the Sault Ste. Marie, Ont., mining div…
Mining communities lobby for flow-through
Representatives of mining and assorted other industries in Kirkland Lake, Ont., are mad as hell and they’re not going to take it any more. What they’re mad at is the federal Finance Department’s plan …
Armistice tries to copy Kerr mine next door
A 2-3-year shaft-sinking and drilling program is under way here on a gold property optioned by Armistice Resources to determine the existence of ore deposits similar to those on the neighboring Kerr A…
Toronto Stock Exchange Stable golds and buying firm markets
A much-needed spate of buying during the end of our review week has added more than 60 pts to the tse composite index, which is back over the 3,000-point mark. After being pummeled by several days of …
Villeneuve funds for several bets
Villeneuve Resources has arranged share financings which netted $760,000. The cash will fund exploration programs on properties in Ontario, Quebec and Nevada. In the Mishibishu area west of Wawa, Ont….
Bull market over for copper?
Has the bubble burst for copper, or is the bull market for the base metal experiencing a temporary lapse? Reaching a spot price on the New York Commodity Exchange of $1.46(US) per lb at the end of las…
Goldteck drills high grade
Several encouraging assays have been received by Goldteck Mines from the company’s Stairs property, west of Matachewan, Ont. In the G-9 zone, located 2,000 ft east of the shaft, drilling intersected a…
Marshall earmarks $7m. for Timmins projects
In a bid to increase reserves at three of its Timmins area properties, Toronto-based Marshall Minerals has entered a number of agreements which call for some $7 million to be spent on exploration. In …
June conference
Following up on last year’s theme, the Quebec Metal Mining Association is planning to have speakers at its 1988 annual meeting address the topic of natural resources and regional development. The meet…