Nortek drilling in Kirkland Lake
Nortek Minerals is continuing drilling on claims in the Kirkland Lake area of northeastern Ontario held by Shenandoah Resources and Miller-Independence Mining. To date 13 holes have been drilled for a…
1988
Lencourt, Glencairn in a joint venture on Ontario gold bet
Exploration, to include ip surveys and diamond drilling, will start immediately to confirm and extend the mineralized zone discovered in the 1940s on the Goodfish property in Ontario’s Kirkland Lake c…
COATS Trading Features (January 25, 1988)
A generally dull week of trading is the only way to summerize activity on coats this week. One long- lost issue which has come back from the grave is New Yarandry Ltd. Once a junior explorer in the 19…
Mining industry plans increase in capital spending
Canadian businesses, including mining, expect increased profits and capital spending in 1988 over 1987 levels, according to a survey undertaken by the federal Ministry of Regional Industrial Expansion…
Cash-hungry Mingold finds partner
At first glance, the recent marriage of a private Toronto company called Mingold Resources with tse-listed Golden Range Resources looks like any other back- door acquisition agreement. In need of cash…
McAdam updates reserves at its McWatters gold bet
An updated gold reserve figure of 910,869 tons at a grade of 0.189 oz gold per ton is reported by McAdam Resources, at its McWatters project near Noranda, Que. President John McAdam says surface drill…
Golden Princess in California bet
Golden Princess Mining has agreed to acquire a 55% interest in the Gold Cliff property near Angels Camp, Calif., about 80 miles from San Francisco. According to the company, “the economics of the prop…
Aiming for 15,000 oz in `88 Gordex achieves TSE listing
Shares of New Brunswick’s only primary gold producer, Gordex Minerals, began trading on the tse this week. “Our entry into the Toronto Stock Exchange, increases the market visibility of the company,” …
Tin price shows steady strength after cartel’s collapse
Better times may lie ahead for tin, which fell drastically in price following the collapse of the International Tin Agreement(ita) beginning in October, 1985. Traditionally used in the manufacture of …
Metal Prices FUTURES PRICES (January 25, 1988)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) Jan 126.30 124.50 124.75 — 2.55 Mar 113.30 110.90 …
Zahavy begins $3 m program
A $3-million underground exploration program has begun on the Favourable Lake, Ont., gold property controlled by Zahavy Mines. Zahavy is an affiliate of Noramco Mining Corp. The program will focus on …
Chamber meeting held again with Cordilleran Roundup
The 76th annual general meeting of the British Columbia and Yukon Chamber of Mines is scheduled for Feb 3 at the Pacific Ballroom in the Hotel Vancouver. The meeting will be held in conjunction with t…