Aumisko listed
Montreal-based Aumisko Exploration, incorporated early in 1987, was recently listed on the Montreal Exchange. Aumisko currently has interests in four properties, all in northwestern Quebec: one near t…
News
Nevada Goldfields profits boosted by new mine
Gold production from Nevada Goldfields’ Kingston mine near Reno, Nev., helped boost profits for the first half of fiscal 1988 to $1,968,844 on sales of $9,480,328. The company sold 20,787 oz gold and …
Noranda pulls out from Andaurex joint venture
Following a decision by Noranda Exploration not to exercise an option on the L.H. gold property near Silverton, B.C., Andaurex Resources of Toronto says it will retain a 100% interest in the property….
On the Move (February 01, 1988)
Judith Erola has been elected a director of Inco Ltd. She is president Pharmaceitical Manufacturers Association of Canada and served as federal mines minister in the early 1980s. A new reorganization …
Drilling begins at Garrison bet
Drilling by Proteus Resources has commenced on a 106-claim group property in Garrison and Thackeray twps. in northern Ontario, the Toronto-based company reports. Lac Minerals, which may earn a 50% int…
Toronto Stock Exchange Interest rate fears trigger declining trend
A five-day losing streak, fueled by tumbling resource share prices, has trimmed another 100 pts from the tse composite index. Urged on by ever-weakening gold prices — which gave up another $10 during…
Metal Prices FREE MARKET (February 01, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Jan. 26 Jan. 25 Jan. 22 Jan. 21 Jan. 20 Copper 1375.5-1376.5 1418-1420 1395-1400 1377-1381 1425-1430 Lea…
Gordex expansion nears completion
After ironing out some wrinkles in the system, Gordex Minerals says it is close to completing an expansion program at Canada’s first primary heap leach project. Located at Cape Spencer northeast of Sa…
Newfields pleased with Narrows results
Several encouraging drill intersections have been drilled by Newfields Minerals on the company’s Teck-Hughes property near Kirkland Lake, Ont. Drilling on the Narrows Break zone returned a 6.8-ft sect…
Canhorn selling Citadel shares to investor group
Toronto-based Canhorn Mining has announced a plan to sell almost all of its 34.5% interest in Citadel Gold Mines to a group of Toronto investors. While Citadel is the 100%-owner of a Wawa, Ont., gold …
Candol acquisitions
Candol Developments has acquired options giving the company the right to acquire a 40% interest in seven properties. The properties cover several gold, silver and base metal showings which will be the…
Sirious/Eaglet drill Adams Plateau claims
A $285,000 geophysical and diamond drilling program is being undertaken by joint venture partners Sirious Resource and Eaglet Mines on Adams Exploration’s precious metals-massive sulphide claims on th…