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…
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Chevron, Stroud are considering underground work
An underground exploration program will be considered following the completion of a 30,000-ft drill program at the Hislop project held by partners Chevron Canada Resources, and Stroud Resources (TSE)….
Rockford group, Gold Vessel Res in agreement
A letter of intent has been signed between companies in the Rockford Group and Gold Vessel Resources (ASE). Members of the Rockford Group include Rockford Minerals (TSE), Northfield Minerals (ASE) and…
Talisman hole down-dip
Talisman Mines says that a strong intersection completed by Placer Dome Inc on a gold property is not as encouraging as was initially believed. The 20-m section which graded 6.7 g gold per tonne (0.19…
Redfern and Cominco plan more drilling
A $1.5-million surface and underground exploration program is being considered by Redfern Resources (VSE) and Cominco Ltd. (TSE) for the Tulsequah Chief massive sulphide property on the Tulsequah Rive…
Gibraltar profits
After six years of losses, Gibraltar Mines (TSE) describes its return to profitability as particularly significant because it “probably has the lowest grade orebody of any operating copper mine in the…
Reserve estimate calculated by Murgold, Chesbar
A reserve estimate has been calculated by partners Murgold Resources (40%), VSE and Chesbar Resources (60%), ME for their Chester Twp., Ont., gold property. The property is located 67 miles south of T…
Canadian firm has process for recovery of platinum
What is believed to be a significant breakthrough in the recovery of the platinum group metals appears to have been made by Platinum Lake Technology Inc., a private Canadian company with strong backin…
Saleine Mines sold to Canadian Salt
A wholly-owned subsidiary of the Quebec government’s Soquem, Seleine Mines, has been sold to Canadian Salt for $35 million. The Saleine operation produces salt from a deposit situated on one of the Ma…
Toronto Stock Exchange Falconbridge, Inco highlight lethargic week
Trading in the shares of Inco Ltd and Falconbridge Ltd was the only highlight in a generally lethargic week of activity. Today, both issues raced near their highs, primarily due to firming commodity p…
Duration nickel find
A nickel-copper discovery has been made by Duration Mines (TSE) on the company’s property near Geraldton, Ont. A drill test of a geophysical anomaly cut 98 ft grading 0.5% combined nickel- copper per …
Tyranex takeover planned by Gunnar
A takeover offer has been made by Gunnar Gold Inc. for all the issued and outstanding shares of Tyranex Gold. Gunnar is offering three Gunnar shares and a $2 debenture for each four shares of Tyranex …