Montreal listing for Spirit Lake
A Toronto-based junior mining company, Spirit Lake Explorations, inactive for many years prior to being revived in 1986, was recently listed for trading (symbol sel) on the Montreal Exchange. The comp…
News
Shareholders question Giant Bay option deal
What constitutes a fair option? That was the question on everybody’s mind at the recent Giant Bay Resources annual meeting. Indeed, most of the discussion period centred around President Claus Jensen’…
Eastmaque begins tailings operation
The first tailings have been pumped by Eastmaque Gold Mines to the mill at Kirkland Lake, Ont., the company reports. Although ice cover over Kirkland Lake was having a detrimental affect on dredging o…
Houston expects production decision by late spring
VANCOUVER — A production decision is expected by late spring on the Silver Queen polymetallic property near Houston, B.C., owned 60% by Houston Metals Corp. and 40% by New Nadina Exploration. A feasi…
LMX among big traders
With 1987 coming to a close most investors are out of the market and are setting strategies for next year. Not surprisingly, some are still licking their wounds from the Oct 19 crash and it will take …
Cominco participates in Chile gold deposit
VANCOUVER — In its second production decision this year, Cominco Resources International will participate in the development of the Marte gold deposit in north- central Chile. The project falls withi…
Wharf holding boosts output for Dickenson
Toronto-based Dickenson Mines appears well on its way to boosting its gold output significantly after gaining effective control of Wharf Resources of Calgary. With its 66% interest in the Arthur W. Wh…
Alaska Apollo plans 200 ton/day gold mine
An independent report on Alaska Apollo Gold Mines’ Shumagin gold property on Unga Island, Alaska, estimates the cost of bringing the 200-ton-per-day mine on-stream to be much higher than the company a…
Northumberland comes back with program of its own
The breakup last week of a lengthy 2-year courtship between Toronto-listed junior Northumberland Mines and nickel giant, cum- gold explorer Inco Ltd. may prove to be the best thing that could happen t…
Ferronickel export duty hits at Falconbridge
Faced by imposition of an unexpected 25% export duty on shipments of ferronickel from the operations of subsidiary Falconbridge Dominicana C por A in the Dominican Republic, Falconbridge Ltd has halte…
Beaufield, Falconbridge gold discovery at Rouleau
An important-looking gold discovery has been made by partners Beaufield Resources (49%) and Falconbridge Ltd. (51%) in the Macho- Rouleau area 140 km northeast of Senneterre, Que. Drilling by Falconbr…
Louisiana leads the way
In a week when a number of issues posted substantial gains, the Louisiana Mining issue lead the way with a 65 cents increase on its share price. According to Louisiana, the shares were responding to …