Montreal Exchange Lightning zone assays
Drilling of the Lightning gold zone in Harker and Holloway twps. in northeastern Ontario continues to excite operator Noranda and project partner Freewest Resources. Several intersections cutting more…
News
Colomac, Choquelimpie cost affects Northgate earnings
The high cost of reorganizing its corporate structure and bringing the Colomac gold project into production was reflected recently in Northgate Exploration’s second- quarter results. The Toronto-based…
BOOK REVIEW `Song of praise’ to miners’ saint
Sancta Barbara is a personal statement of one man’s dedication to his profession, its history and spiritual dimension. A labor of love, it is author Jean-Paul Drolet’s “song of praise to ask the saint…
Superconductors will feature Inco metal alloys
An agreement has been signed between Inco Alloys International (IAI), a division of nickel giant Inco (TSE), and American Superconductor Corp. (ASC) of Massachusetts related to joint development of IA…
Alberta Stock Exchange Galore boosts Yukon
Volume leader during the week ended Aug. 21 was Yukon Minerals which traded more than a million and a half shares for a gain of 12 cents. The Yukon issued closed at 28 cents after the company announce…
Moondust to drill copper-gold bet
A 6,000-ft. diamond drill program is slated to begin shortly on the Webb copper- gold prospect where Moondust Ventures (VSE) can earn up to a 70% interest from Grand America Minerals (VSE). The proper…
Audrey drilling new discovery
The first phase of an underground drilling program on the C lens, discovered near the 1100 lens at the Mobrun polymetallic mine near Rouyn-Noranda, Que., has been completed, Audrey Resources (TSE) rep…
Quintette cuts workforce
As a result of a cost reduction program at the Quintette mine, the company has permanently dispensed with 63 salaried positions and eight hourly positions. The program also includes a temporary layoff…
Court puts Aur, Louvem to square one
Having won more time to consider all of their options relating to the Louvicourt Twp. base metal discovery, officials from Noranda (TSE), Aur Resources (TSE) and St. Genevieve Resources (TSE) have res…
Minnova uncovers new zone near Winston Lake mine
Persistent exploration efforts by Minnova (TSE) around the company’s Winston Lake mine near Schreiber, Ont., have resulted in the discovery of a significant new zinc-copper zone about 1.5 km southwest…
Noranda returns Sunrise to Aber
The Sunrise polymetallic property, 70 miles north of Yellowknife, N.W.T., is back in the hands of the Aber Resources (VSE) and Hemisphere Development (VSE) partnership after a unit of Noranda (TSE) op…
Adrian results cause sell-off
Drilling results from the SKI project, directly north of the rich Eskay Creek property north of Stewart, B.C., were greeted with a mass of sell orders. Adrian Resources (VSE) owns the project and Prim…