N ovaGold, Northumberland to merge
Two junior Nova Scotia gold explorers are planning a big Maritime wedding.Presidents Gerald McConnell, a Halifax lawyer, and geologist Dr William Young of Toronto, have agreed to amalgamate their tw…
News
Norwood-Oz results
Encouraging gold values have been obtained from the Exxeter property in Vauquelin Twp., southeast of Val d’Or, Que., which confirm the extension of the mineralized Zone 1 at depth, Norwood Exploration…
Toronto Stock Exchange Sliding bullion prices pull resource issues
A crashing gold price, which erased 232.13 pts from the tse’s gold and silver index today, was the only highlight in a generally lacklustre trading week. Bullion tumbled through the $440-mark to $435….
St. Genevieve Res. seeks full control of Louvem Mines
A bid by St. Genevieve Resources of Montreal to buy up the outstanding balance of shares of Louvem Mines it does not already own has been announced. St. Genevieve holds an approximate 56% interest in …
Employees end strike at Lac mine
Hourly employees at Lac Minerals’ Bousquet mine near Malartic, Que., have voted 80% in favour of accepting a new three-year collective agreement, the company said recently. The 262 employees represent…
Student competition
Quebec mining group Vior- Mazarin and Les Affaires newspaper have organized a competition for geology students in Quebec studying at the university level. Students, working with an imaginary budget of…
Rambo-Royex deal
An agreement has been worked out between Rambo Exploration of Rouyn-Noranda, Que., and To ronto-based Royex Gold Mining whereby the latter may acquire a 50% interest in Rambo’s 35-claim gold prospect …
Gordex finds high grade near Cape Spencer mine
Two drills are this week probing a new high grade gold zone discovered by Gordex Minerals on the company’s Cape Spencer property northeast of Saint John, N.B., according to President Hal Pawson. The z…
Despite awkward location Inco on schedule at new mine
As northwestern Quebec was blanketed this week in yet another layer of snow, Inco Gold could well have re-named its first gold producer “frozen” pond instead of Golden Pond. A severe snow storm hamper…
Walter Baker named Prospector of the Year
Walter Baker, an 83-year-old Kirkland Lake prospector who first suggested to Donald McKinnon that claims around the cpr whistle-stop of Hemlo might be worth looking into, has been named Prospector of …
Abitibi Metals confirms down-dip extension
Two additional holes drilled in the vicinity of hole 87-15 have confirmed the down-dip extension of a gold-bearing zone discovered at the Jolin property in Carpentier Twp., 55 km northeast of Val d’Or…
Correction (February 29, 1988)
Equinox Resources has an option to earn a 60% interest in the Maude Lake gold deposit in Ontario. The deposit contains reserves of more than one million tons grading 0.2 oz gold per ton, not 0.1 oz as…