Two-day course in March on platinum exploration
A 2-day course on exploration for platinum group elements will be held in Toronto March 2-3, sponsored by the Toronto Geological Discussion Group and featuring as a course speaker one of the world’s l…
News
Goldstake raises funds for Homestake tailings
At current gold prices tailings deposits near the Homestake mine in South Dakota are beginning to look very attractive to Goldstake Explorations, a coats listing in Toronto. Apparently a lot of intern…
Belmoral and Roddy agree on former’s takeover bid
Agreement has been reached between Belmoral Mines of Toronto and Roddy Resources of Vancouver whereby Belmoral may acquire up to a 51% interest in Roddy, which operates a heap leach gold mine in Arizo…
Editorial Use it or lose it
There’s a fellow in the U.S. who has staked mining claims on Mars. Putting aside the question of under what jurisdiction those claims would be filed, in Canada a basic tenet of gaining mineral rights …
Montreal Exchange Seniors active, lower
It was a big week for senior issues on the Montreal Exchange, but probably not one they would like to remember. Most suffered price declines ranging from marginal to major. Placer Dome was the most ac…
$10-million agreement keeps Colomac on track
In the nick of time, Neptune Resources of Toronto has lined up the $10 million it needs to bring equipment and supplies over an ice road to its isolated Colomac property at Indin Lake north of Yellowk…
New report and map on deep sea deposits
A report and map providing comprehensive coverage of the nature and distribution of recently formed metallic mineral deposits on the deep seabed have been released by the Geological Survey of Canada. …
Cominco Resources profits from Buckhorn
For the first nine months of Cominco Resources International’s 76.4% ownership of the Buckhorn gold mine in Nevada, its share of income from the heap leaching operation was $5.3 million. The company’s…
Erratic grades at Ego
Drilling by Ego Resources on the West Main property near Wawa, Ont., has encountered erratic gold values. Grades ranged from 1.2 oz gold per ton across one ft to 0.12 oz in a 19-ft section. Assaying o…
Rex Silver taken to task by the Vancouver Exchange
The Vancouver Stock Exchange has taken exception to statements made by Rex Silver Mines about its Scoria property in northern Arizona. The vse has refused to accept filings or disclosures from any lis…
Overseas Platinum gets Ecuador gold property
Joint venture partners Overseas Platinum and Wright Engineers have acquired the Las Playas gold-platinum placer prospect in Ecuador. The property was purchased for 100,000 shares and a commitment to s…
Pegasus retreats from Nevada bet
Pegasus Gold, which pioneered many aspects of heap leaching in the United States, has decided not to participate in the Zaca gold property of Cali fornia Gold Mines. The pullout appears to be a major …