Correction (January 26, 1987)
MSV Resources was incorrectly reported in last week’s issue as being under the wing of Cogesco Resources. That should have read Somicom Management Inc., not Cogesco. MSV has an option to earn a 49% in…
News
Echo Bay underground at Nuinsco’s Cameron Lake
It may have taken Echo Bay Mines a little longer than expected to make up its mind on Nuinsco Resources’ Cameron Lake gold project, but now that the all-important decision to head underground has been…
Laurentian drive will be led by former Inco man
Mining engineer Dr James Grassby, a former Inco executive, has been appointed executive director of a development campaign for Laurentian University, Sudbury, Ont. Dr Grassby’s mandate will be to work…
Freeport Gold considers shaft on first project
A number of diversified mining companies have spun off separate gold mining entities in the past two years and the results have tended to be secretive, slow-moving corporate entities. Freeport-McMoRan…
Royex gold production to exceed 110,000 oz LKD
Moving closer to its objective of becoming a substantial, low-cost gold producer, Royex Gold Mining Corp.’s annual share of production should exceed 110,000 oz this year and 200,000 oz in 1988, says P…
Gold-bearing zone discovered by Parquet on Courville bet
A new northwest-southwest- striking gold-bearing zone has been outlined in the current diamond drilling program on Parquet Resources’ 2,000-acre gold property in Courville Twp., in the Val d’Or area o…
X-Cal is encouraged by Snowbird results
Encouraging intersections have been returned from drilling on the Snowbird property of X-Cal Resources in British Columbia’s Omenica mining division, the company reports. President Shawn Kennedy says …
Drilling slated on HSK’s Aloigny bet
A total of eight drill holes representing approximately 4,000 ft of drilling is planned to be completed by the end of February on HSK Minerals Aloigny Twp property in the Casa Berardi area of northeas…
Montreal Exchange NA Rare comes alive
Drilling results from Casa Berardi pushed North American Rare Metals up for the second straight week. It closed at 53 cents , up 18 cents on the week, on 876,700 shares. North American, controlled by…
Report from Calgary Bighorn bullish on gold bet
An up-to-date information release by Bighorn Development Corp. paints an encouraging picture for the development of the company’s Island Lake gold project in northern Manitoba. Further rehabilitation …
Denison realizes profit of $44.6 million in ’86
It was a tough year for Denison Mines in 1986, perhaps the toughest ever, but judging by the bottom line the company met adversity head on and came out a winner. Drastically lower oil prices and ongoi…
MSV’s recalculation ups grade, cuts tons
Some number crunching done by MSV Resources, a star performer on the Montreal Exchange in recent weeks more than doubling in value, has reduced tonnage but increased grade of reserves on the Eastmain …