Editorial Uranium improving the quality of life
Ontario Hydro is proud of its nuclear reactors, and rightfully so. More than one-third of the province’s power is generated by nuclear fuel at a cost that is probably the cheapest in the world. Nuclea…
News
Metalore loses appeal of Ontex Res. decision
There may be a long way to go, but Ontex Resources has won the first round in a court battle to regain the Brookbank gold property near Beardmore, Ont. from Metalore Resources. Ontex says Justice D.H…
Pacific buys Telesis’ share of Gordon Lake gold project
Alberta-listed Pacific Trans- Ocean Resources has agreed to buy the remaining interest held by Telesis Corporation in the Gordon Lake project, the company announced recently. Upon completion, Pacific …
New process recovers gold from tailings
A new process for recovering gold from its ores is being developed by scientists from the bp Research Centre at Sunbury, near London, England. An experimental pilot plant, capable of processing up to …
Sundust, Mill City listed in Montreal
Two junior mining companies, Sundust Resources (symbol suw) of Sherbrooke, Que., and Mill City Gold (symbol mld) of Calgary, were recently listed on the Montreal Exchange. Incorporated in June, 1987, …
Skyline heads for production at Johnny Mountain gold mine
The Johnny Mountain gold mine of Skyline Resources is heading for production starting in the second quarter of 1988. The mine is located on a portion of Skyline’s Reg claims which cover approximately …
Troymin gets funding for winter projects
Alberta-listed Troymin Resources has received $425,000 to finance its 1987/88 Canadian exploration program, the company said recently. According to Troymin, a $250,000 placement with MTC Oil and Gas F…
Core examined
More than 50,000 ft of core drilled in the vicinity of the F-zone deposit at the Mattabi mine in northern Ontario have been moved from temporary storage for examination. An additional 20,000 ft have b…
Flint Rock sinks six holes at Shabu
Six holes have now been put down by Flint Rock Mines on its leased Shabu Lake gold property, 43 miles east of Red Lake in northwestern Ontario. All intersected the main vein, with appreciable visible …
Val d’Or funding
An agreement has been worked out between Val d’Or Resources of Val d’Or, Que., and Sofimines 1987 and Co., Ltd Partnership whereby Val d’Or will issue flow-through shares at $1.20 per share worth a mi…
Montreal Exchange Mixed trading prevails
While not setting any records, trading activity on the Montreal Exchange seems to be recovering to pre-year-end levels, with similar mixed results. Daily volumes during the holiday period sunk to as l…
Belmoral on NASDAQ
The common stock of Belmoral Mines of Toronto, which is listed on the Toronto, Montreal and Vancouver stock exchanges, is now trading on nasdaq (symbol bmeef), the over-the-counter market system in th…