Rea completes adit at Adams Lake bet
A $2-million program is nearing completion at Rea Gold’s Discovery zone property 60 miles northeast of Kamloops, B.C. The company completed a 1,033- ft adit to access reserves in the L98 lens, calcula…
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Western Quebec purchases stake in mining projects
Western Quebec Mines has signed an agreement with one of its major shareholders, Valmag Inc., to purchase Valmag’s interest in two mineral properties known as the Shawkey and Shawkey South. The Shawke…
TIMMINS REPORT Kidd Creek completes new silo
Work is nearing completion on a new cement silo at the Kidd Creek Mines minesite 15 miles north of Timmins city centre. Eric Belford, vice-president mining for the Falconbridge Ltd.-owned company, say…
Husky and SMDC to go underground
Equal partners Saskatchewan Mining Development Corp. and Husky Oil are planning an underground exploration program on their Laurel Lake gold property at Amisk Lake, Sask. Pending the results of the un…
Lacana, Exador find new gold zone at Acad’or bet
A significant zone of gold mineralization has been located on the Acad’or gold-silver property in northern New Brunswick, near Bathurst, joint venture partners Lacana Mining and Exador Resources repor…
Vauquelin increases West block reserves
Probable reserves of 140,000 tons grading 0.18 oz gold per ton and possible reserves of 260,000 tons grading 0.19 oz have been reported by Vauquelin Mines from the West block of the company’s prope…
Timing dampens enthusiasm for OSC’s new junior financing policy
Cautious enthusiasm is coming from the mining and investment community concerning the new junior natural resource policy drafted by the Ontario Securities Commission (OSC). If anything, the lack of an…
Sphinx funding
Agreements with two partnerships has netted Sphinx Exploration of Val d’Or, Que., $600,000 in exploration funding, the company reports. Financing of $300,000 was obtained from each of cmp Limited Reso…
Stockgold halts work on Stock Twp. prospect
On the advice of a consultant, Toronto-based Stockgold Resources has elected not to pursue an option on the Stock Twp. gold property near Timmins, Ont. Under a previous agreement, Stockgold was attemp…
Obituary Arvid Thunaes
A Norwegian immigrant, who played a major role in uranium research and development in Canada, died recently at age 86. Arvid Thunaes, a metallurgical engineering graduate of the Norwegian Institute of…
Assay results could seal major Hecla/Acadia deal
It seems very unlikely that Hecla Mining, of Coeur d’Alene, Idaho, will refuse to take Acadia Mineral Ventures up on its offer to allow Hecla’s Canadian subsidiary to earn a 60% interest in the Moosel…
Dee syndicate drilling deep
Rayrock Resources, one of the early birds in what has since developed into a major gold play in Nevada — and certainly one of the pioneers in the heap leaching that is changing the whole economics of…