News

Avard Hudgins is building a mine. Nine fill-in holes put down on the L’Estrange shoot on Acadia Mineral Ventures’ Mooseland property in Nova Scotia have demonstrated the existence and continuity of a …

The value of mineral and petroleum products in British Columbia in 1987 rose to an estimated $3.4 billion, an increase of $184 million over the equivalent 1986 figure, according to the province’s depa…

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…

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…

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 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…

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…

Inspiration Resources — Burton M. Joyse appointed chief operating officer.

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 …

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…

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…

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…