J.A.G. confident about gold bet
J.A.G. Mines continues to feel confident about its Malartic gold property in northwestern Quebec, President Pierre Gevry writes in the annual report. A new drilling campaign this year is following up …
News
Rea Gold reveals net smelter deal
Vancouver-based Rea Gold has entered into an agreement to buy a 15% net smelter return on the multi-mineral Discovery zone at its wholly-owned Adams Lake property from Allan Hilton of Kamloops, B.C. U…
Noront completes program at Olive
An underground examination of the Preston Olive mine property near Fort Frances, Ont., has been completed by partners Noront Resources and HSK Minerals. The program confirmed the presence of two miner…
Report from Australia Gold at forefront of market boom
Most of the news emerging from the Australian mining industry has been sufficiently promising to keep an overheated stock market on the boil. Gold issues have been at the forefront of speculative inte…
Halex acquiring interest in Heenan gold property
A letter of intent has been signed between Falconbridge Ltd. and Halex Resources which gives Halex the option to acquire a 40% interest in the Heenan property located 135 miles southwest of Timmins in…
Queries No, Handley does not have a mine
I would like some information with regard to some shares I own in Handley-Gerlach Mines. They were given to me by my brother-in-law in his will and I would like to find out if: the shares are any good…
Yukon silver bet for Apex Energy
Apex Energy Corp. reports it has acquired a 100% interest in a group of nine mineral claims in the Rancheria silver camp in southeastern Yukon Territory. Known as the tbmb property, it lies near the h…
Financial shot-in-the-arm for Windy Craggy project
The big Windy Craggy copper- gold-cobalt-zinc project of Geddes Resources is getting another financial shot in the arm. The company says it has raised an additional $4 million in flow- through share f…
HBMS buying Ruttan mine from Sherritt
The Ruttan mine at Leaf Rapids, Man., is being acquired by Hudson Bay Mining and Smelting from Sherritt Gordon Mines in a deal that is expected to be concluded by July 15. Hudson Bay Mining, a subsidi…
Editorial A question of money
In this space last week, we carried an excerpt from a speech by W. R. A. Aitken, executive vice-president, Inco Ltd., in which Mr Aitken called on the mining industry to tell the public the story of t…
Newfields sees cash-flow start by late 1987
Chelsea Resources, a company associated with Newfields Minerals, is looking at a production startup date of July 1988 on its 55%-owned Spotted Horse gold mine in Montana, a former producer active in t…
Investment Comment Tundra project gives Getty some potential
Recent drilling results from its Northwest Territories’ Tundra gold property makes Getty Resources an emerging junior gold stock which could soon produce 100,000 to 200,000 oz of gold annually. That’s…