CORE SHACK Scotian Gold: The Beaver Dam Deposit
Beaver Dam, a gold-bearing quartz vein system within sedimentary rocks of the Meguma Group, 82 km north east of Halifax, N.S., contains proven and possible ore reserves of 2.7 million tonnes grading 9…
News
Funding in place for milling plant
A private placement for McFinley Red Lake Mines of 600,000 shares worth $1.8 million for construction of a milling plant and to provide working capital has been completed, Kleinwort Grieveson Securiti…
Camreco raises exploration funds
Toronto-listed Camreco Inc. has entered into an exploration agreement with MVP Exploration (1987) and Co. Ltd. Partnership and Deliberations Management (1987) Ltd. pursuant to which the Limited Partne…
Cream Silver drills platinum prospect
A $150,000 diamond drilling program is under way on the Lac des Iles platinum property controlled by Cream Silver Mines. The Lac des Iles area is located north of Thunder Bay, Ont. A large tonnage low…
Vancouver Stock Exchange (March 02, 1987)
The agreement by major industrialized nations to halt or at least control the fall of the U.S. dollar should have been bad news for gold. But Brazil’s decision to suspend payments on its international…
Denison’s master plan: a better bottom line
When Denison Mines Chairman Stephen B. Roman stands up and tells a packed room of shareholders that he has no grand strategy for the company, one only has to look at the bottom line to see otherwise. …
EXPLORATION ’87 RAYROCK
Rayrock Yellowknife Resources and Discovery West Corp. are related through intercompany shareholdings and are active in minerals and oil-and-gas production and exploration. Discovery is a new company …
McAdam is an undervalued play
On the lookout for undervalued gold stocks? One that fits the bill is Toronto-listed McAdam Resources. The combination of its property portfolio, competent technical management and strong financial po…
Orofino underground work may lead to gold production
Orofino Resources says it is looking at the possibility that its wholly- owned Scadding gold property about 20 miles northeast of Sudbury, Ont., could go into production by the end of this year. The c…
Letters to the Editor CANMET gearing for the future
I read with interest your recent editorial on the changing times and the role that the Canada Centre for Mineral and Energy Technology, (CANMET), must play in the future. I thought I would write to le…
Imperial Metals acquires interest in uranium deposit
Imperial Metals has picked up an 18.7% beneficial interest in the Crow Butte in-situ uranium deposit in Nebraska. With reserves estimated at over 40 million lb and capital/ operating costs expected to…
Metals stage comeback for Cominco Ltd. in 1986
The mining and integrated metals sectors of Cominco Ltd. posted a dramatic turnaround in 1986 but the results were largely offset by continuing weakness in its fertilizers division. Ironically that di…