GCSA to contest Equity vote
CSA Management Ltd. plans to contest the outcome of a close vote at a special meeting of limited partners of Equity Preservation Corp. and Equity Reserve Corp., two closed-end flow-through funds. The …
News
Golden Zone and City Resources negotiate Alaskan joint venture
Negotiating for joint development of its Golden Zone property in south central Alaska, Golden Zone Developments has signed a letter of intent with United Pacific Gold Ltd., a private company partly ow…
Interaction completes Nevada drill program
Result of a 5,765-ft reverse circulation drill program are encouraging for Interaction Resources on its Fireball Ridge gold bet, near Reno, Nev. The company completed 20 holes at a cost of about $70,0…
Golden Range set to raise $1.6 million
Toronto-based Golden Range Resources says it will offer shareholders the right to acquire shares and warrants of its capital stock in a bid to raise more than $1.6 million. Golden Range says Canarim I…
Etruscan drilling Gabel Canyon bet
A second phase of drilling is being undertaken by Etruscan Enterprises on its Gabel Canyon project in Eureka Cty., Nev. The company can earn a 50% interest by spending $275,000 on the property. Two ho…
Nickel prices on LME really take off
The research department of a Toronto securities firm calls nickel the “star of 1987” among base metals. Judging by recent events, nickel could be in for another stellar performance this year. The meta…
Labor productivity doubles since 1981
The Mining Association of Canada (mac) has released results of a study which show that labor productivity in the country’s metal mining industry has doubled since 1981. George Miller, president of mac…
Seadrift encounters more mineralization
Vancouver-based Seadrift International Exploration reports encountering 188 ft of disseminated and massive sulphide mineralization in hole DDH 88-4, from 844 ft to 1,032 ft, at its wholly-owned Alderm…
Golden North, Mascot duo could see production at Bralorne
It might take a while before Golden North Resource Corp.’s Canty mine property in the Hedley area of British Columbia is developed by Mascot Gold Mines, but things could be different for the historic …
Minnova “firms up” Samatosum tonnage
With production scheduled for mid-1989, Minnova Inc. has begun in-fill drilling on its Samatosum silver deposit, northeast of Kamloops, B.C. The company has a 70% interest in the deposit and Rea Gold …
Another busy year for San Paulo with three drills now at work
With further financing firmed and three separate gold exploration deals in place, all with with major companies, the current year should be another active and interesting one for San Paulo Exploration…
Identifying the upcoming issues
The Canadian mineral industry has spent a great deal of time in the past decade reacting after the fact to changes in the economic, political and social environment that have seriously affected its pr…