Onitap’s Goldboro optioned to Orex
Ressources Orex has completed an option agreement giving the company the right to acquire a 50% interest in the Goldboro gold property by spending $6 million and completing a feasibility study. Locate…
News
Terra deals Camsell assets to Durga, for 30% interest
Alberta-listed Durga Resources has signed a letter of intent to acquire all of Terra Mines’ interest in the Camsell River area of the Northwest Territories. The Camsell properties include a high grade…
CIL wins acid plant contract for Noranda’s Horne smelter
Chemetics International, a division of cil Inc. of Toronto, has beaten out two other major engineering companies in the hotly contested bid for a major construction project in Rouyn-Noranda, Que. Nora…
The 1987 Coal Review BULLMOOSE
The Bullmoose coal mine, in northeastern British Columbia, is a joint venture of Teck Corp. (51%), Lornex Mining Corp. (39%) and Nissho-Iwai (Canada) Ltd. (10%). It is managed and operated by Bullmoo…
Vancouver Stock Exchange Trading activity remains mixed
Trading activity in Vancouver has been mixed for the past week, reflecting in part weaker gold prices and the stronger U.S. dollar. At presstime the market index stood at 1,159.6, down marginally from…
People (February 01, 1988)
Inspiration Resources — Burton M. Joyse appointed chief operating officer.
Audrey’s sulphide find could justify new mill
Toronto-listed Audrey Resources says it has encountered two new massive sulphide lenses with high grade gold at its Dufresnoy property, near the company’s Mobrun mine at Rouyn-Noranda, Que. President …
METAL MARKETS Silver acting more like a base metal?
While many investors would tie the price of silver in with the up-and-down (of late) performance of gold, at least one analyst is making a case for lumping the precious metal in with what has been hap…
Oliver ups interest in Fairview gold bet
A $400,000 exploration program by Oliver Gold will earn that company an 80% interest in Cominco’s Fairview gold property near Oliver in south central British Columbia. The company first obtained 40% o…
Core prepares for hard look at Knora gold bet
After months of quiet negotiations, Edmonton-based Core Explorations has got its hands on a property with some small-scale production potential. Located in the Kenora Mining Division, near Kenora, Ont…
Quebec mining group raises $23.4 million
Quebec-based Groupe Minier O, comprising seven junior mining exploration companies, raised slightly more than $23.4 million in 1987 for its various exploration projects. Bulk of the funding came from …
Montreal Exchange Audrey discoveries
Announcing the discovery of two promising massive sulphide lenses near its polymetallic Mobrun mine, which went into production during the latter half of 1987 in the Rouyn- Noranda area of Quebec, was…