Golden Pheasant program
A geophysical survey has been completed by Golden Pheasant Resources on a property in Carman and Langmuir twps., Ont. A priority exploration target is an anomaly associated with a drill hole completed…
News
Market info added
For the benefit of our market- oriented readership, all highlighted company names appearing in stories will be followed by a two- or 3-letter designation identifying the stock exchange on which the co…
Jonpol, T & H bid
Two Toronto-based companies, Jonpol Explorations (TSE) and T & H Resources (TSE), have proposed a takeover bid for Newfield Mines (COATS) of Toronto. The two companies are offering to buy up to 750,00…
Golden Zone deal
Golden Zone Developments (VSE) has acquired an option to earn a 46.65% interest in the Big Hurrah gold property near Nome, Alaska. The property hosts reserves of 380,000 tons grading 0.45 oz gold per …
Annual gold output 650,000 Royex companies amalgamating
An amalgamation of five companies within the Royex-Corona group will create a Canadian gold- mining firm with annual production of 650,000 oz. The five companies involved are Royex Gold Mining (TSE), …
Acquisition by Pine Point will keep company going.
Loyal shareholders of Pine Point Mines (TSE) should be relieved to learn the company will be around for a while longer. The 50.1%-owned Cominco subsidiary recently agreed to acquire a 33% interest in …
Audrey’s Mobrun lens guarantees new mill
Partners Audrey Resources (TSE) and Minnova Inc. (TSE) have turned up yet another important discovery at the Mobrun polymetallic mine near Rouyn-Noranda, Que., The Northern Miner has learned. Operator…
New partner for Sikaman in West Africa gold venture
Within months of a production decision for a gold mining property in Ghana, West Africa, a change in the membership of the project’s joint venture partnership has occurred. Remaining as a major shareh…
Dickenson Mines plots new strategy for growth
A change in image is in the works for Dickenson Mines (TSE). The Toronto-based company, incorporated in 1945, is known basically for its operation of the Arthur W. White gold mine near Red Lake in nor…
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…
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…