News

Montreal Exchange Light trading week (May 30, 1988)

A holiday-shortened week of relatively quiet trading on the Montreal Exchange brought few surprises, with the market portfolio closing down but the mining and minerals index showing a small gain. Dail…


Obituary Nelson Bidgood

Nelson Bidgood, a name synonymous with the early development of the Chibougamou area, died in late April at the age of 80. For his pioneering work there he had received numerous plaques and citations …


Falconbridge near settlement on Dominican tax

William James, chairman of Falconbridge Ltd. (TSE) confirms that a settlement is in the making though not yet finalized with the government of the Dominican Republic, which could see Falconbridge’s fe…


Reduced gold output adds to Inspiration’s losses

A seasonal absence of production at the Nome, Alaska, placer gold mining project and reduced output at the Austin gold mine in central Nevada were factors in a first quarter net loss of $5 million, In…


Women in mining organized in U.S.

Women in Mining, a national U.S. organization dedicated to educating its members and the public about the importance of mineral and energy resources, elected a new slate of officers at a recent meetin…


Wide, low-grade hit by Messeguey

Two wide zones, with mineralization averaging 0.129 oz gold per ton, have been intersected in the same hole put down on the Launay- Privat property 30 miles northeast of Rouyn-Noranda, Que. The two in…


Louvicourt, Ronrico nearing new gold zone

Louvicourt Gold Mines says drifting to access a newly-discovered gold zone is set to begin on its Louvicourt property near Val d’Or, Que. The workings of the former producer have been dewatered to the…


Golden Terrace signs drilling agreements

Golden Terrace Resources Corp. (TSE) has entered into exploration agreements with CMP 1988 Resources Partnership and Co. Ltd. and CMP-II Resources Partnership and Co. Ltd. to spend $350,000 by June 30…


Echo Bay to test Cameron grades with sampling tower

In the absence of available custom milling facilities, Echo Bay Mines (TSE) and Nuinsco Resources (TSE) are taking the only route open to them, by bringing in a sampling tower to test ore grades at th…


Spirit Lake issue

A private placement has been arranged by Spirit Lake Explorations with three financial institutions in France. The deal will see Spirit issue common shares at a price of $3.70 per share for total proc…


Giant/Pamour deal exploration bets to Pamorex Mnrls

Giant Yellowknife Mines (TSE) and Pamour Inc. (TSE) will increase their holdings in Toronto-based Pamorex Minerals (TSE) after selling a number of exploration properties to the company. Formerly Conso…


Mazarin, Cogema conclude deal

An agreement has been finalized between Mazarin Inc. (TSE) and Cogema Canada whereby the latter may earn a 50% interest in the Mazarin property located north of Amos in northwestern Quebec. To earn it…


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