La Sarre sued
La Sarre Mining Exploration (ME) of Rouyn-Noranda, Que., reports it is being sued by a private landlord for $305,806 for alleged damage to trees during an exploration program on La Sarre property in n…
News
N.W.T. gold production could leap to 580,000 oz
Two years from now, gold production from the Northwest Territories could be 50% higher than the 379,706 oz poured in 1987. The sudden increase hinges on plans by Neptune Resources Corp. (TSE) to build…
Onitap, Orex deal
A formal agreement has been completed between Onitap Resources (TSE) and Exploration Orex (ME) which gives Orex the right to earn a 50% interest in Onitap’s Goldboro property in Nova Scotia. Orex can …
Lac pursuing out-of-court settlement
While Lac Minerals (TSE) and International Corona Resources (TSE) have been fighting in court over ownership of the Williams gold mine in northern Ontario, the two sides have also been talking to each…
Falconbridge’s woes mean neckel prices could stay high
The suspension of production at the ferronickel-producing subsidiary of Falconbridge Ltd.(TSE) in the Dominican Republic, has raised the possibility of further nickel price hikes. The move by Falconbr…
Vior, Goldhurst arrange placement
Vior Inc. (TSE) and Goldhurst Resources (VSE) have agreed to make a private placement involving 750,000 shares of Goldhurst at 30 cents each and a one-year option on an additional 100,000 shares at 3…
Investment Comment Base metal producers enjoying life
Like all the best things in life, the recent surge in base metals prices may just be a temporary respite from the dark days of 1982/83. But for the moment at least, a tight nickel supply and a 4.1% in…
New EDP asbestos reports seen as an encouraging sign
Four new reports on asbestos have been released by the U.S Environmental Protection Agency (EPA), which two years ago proposed a ban on the mining and use of asbestos, which it cites as offering a hea…
Golden Group and partner continue success
Drilling by Golden Group Explorations (VSE) and Golden Hope Resources (VSE) on the Estrades polymetallic deposit in Quebec, continues to intersect economic grade mineralization. The drill program, whi…
Huldra outlines high grade silver deposit near Hope
A high grade silver deposit is being delineated by Huldra Silver (VSE) at its Treasure Mountain property 55 miles north of Hope, B.C. Exploration to date indicates 118,000 tonnes of 32.03 oz silver, 8…
Free gold mixed blessing on Rand Malartic project
It’s not going to be easy to establish enough ore reserves at the Rand Malartic property about 15 km west of here to warrant a production decision, but should that decision be made, indications are th…
Silver surplus not likely to diminish
Higher prices for silver in 1987 may prove to be the precious metal’s undoing this year, with more of the metal making its way to the market. “Although silver consumption has been growing at around 2….