Promising results from Joutel property
A 20,000-ft drilling program has started on Kerr Addison’s Joutel Twp. property in Val d’Or, Que. Following a promising gold discovery on the 1,066-acre property, project manager Onyx Resources can ea…
News
Lenora building reserve base, to double gold output
Lenora Explorations is preparing to increase gold production from approximately 5,000 oz this year to more than 10,000 oz by 1988. In order to achieve this objective and to position itself for further…
Placer selling Equity shares
Placer Development has agreed to sell 4.82 million common shares of Equity Silver Mines to Dominion Securities and Nesbitt Thomson Deacon as underwriters. Price of the shares will be $12.50 each. Plac…
Industrial minerals attract mining companies
While gold has captured the public’s imagination of late, the search for l industrial minerals has proved attractive to a number of mining companies. Properties in Canada and the United States are act…
Northquest option
Northquest Ventures has acquired an option to earn a 25% interest in a gold prospect located in Chester Twp., Ont. Situated 25 km southwest of Gogama, the property was acquired from Westport Resources…
Ore reserve estimates can cause tons of confusion
There is, perhaps, nothing more fundamental to mining than ore reserves, yet, at the same time, there is no other single item in mining that causes so much argument, disagreement and outright confusio…
Belmoral, Vedron discuss merger
The boards of directors of Belmoral Mines and Vedron Ltd. are exploring the possibilities of a merger of the two gold mining companies. Belmoral currently has a 39% interest in Vedron and, under an ex…
Metal Prices FUTURES PRICES (June 15, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) June 70.15 69.55 70.10 + 0.70 July 70.15 69.25 70.10 + 0.80…
Editorial A really big mining show
The image of mining will get quite a boost from the new mining pavilion at Ontario Place, in Toronto, officially opened the other day by Ontario’s ministry of northern development and mines. A kind …
Editorial Don’t worry about gold – it’s real money
Much is being heard these days about the woes resulting from the massive debts that have been built up by the devloping South American countries, especially Brazil, Argentine and Peru. Even the intere…
Goodman’s mark evident in Royex, Corona shuffle
Espousing a philosophy of flexible strategy, Peter Steen, president and chief executive officer of Royex Gold Mining Corp. explained that Royex has become the flagship of an emerging mining group, anc…
Two drills starting at Eastmain (head)
Field crews are moving on to location and diamond drilling with two machines is being resumed on the extensive holdings of Eastmain Resources and Westmin Resources in the Eastmain River area of New Qu…