Augmitto pleased by drill results
Recently completed underground drilling in the central portion of the Beauchastel property near Rouyn-Noranda, Que., has returned encouraging values, Augmitto Explorations reports. Hole 87-B5-53, over…
News
OMA changes titles
Adopting structural changes similar to those made by other such associations, the Ontario Mining Association has altered executive titles. Patrick Reid, who was formerly executive director and chief e…
Coats Trading features
In a trading week which produced what analysts called a “mixed bag” of gains and losses, Exxeter Resources emerged as the big winner. After trading at around the 15 cents range last week, the issue w…
Goldteck offering raises $6,105,000
Gross proceeds from a recently completed public offering of 1.35 million class A units and 2 million class B units were $6,105,000, Goldteck Mines reports. Each class A unit consists of one 1987 depos…
Teachers see mining in first- hand tours
The mining industry in Ontario, through the Ontario Mining Association, has made a determined effort to acquaint the province’s teachers with the size, scope and importance of the industry. The oma s…
Pamour group heating up gold excitement in Timmins
Miners have been pulling gold ore out of the ground here for more than 75 years. But the excitement of finding new gold orebodies has never been stronger than it is today — thanks largely to the Pamo…
Fun Fair Winners
There were three big prize winners at the recent Country Fun Fair of the Women’s Association of the Mining Industry of Canada. More than 550 people (not counting innumerable children) braved some driz…
Chelsea Resources mine to boast record grade
The old axiom that mines are made and not found rings true for the Spotted Horse project of Chelsea Resources, 20 miles from Lewistown which locals claim is the geographic centre of Montana. The proje…
Mining industry backs spirit of free trade deal
While the terms of the new Canada, U.S. Free Trade agreement are still shrouded in generalities, a number of top mining officials were expressing guarded optimism regarding its effect on the industry….
Queries Nucal suspended in Vancouver
Would you please provide a corporate overview on two stocks listed on the Vancouver Stock Exchange? They are Nucal Resources and Lawrence Mining Corp. I am particularly interested in their total shar…
Gowest to start work on Ontario prospect optioned from Cominco
Work will start immediately on an optioned 28-claim property in Haines Twp., about 100 km west- northwest of Thunder Bay, Ont., according to a report by Gowest Amalgamated Resources. Gowest has option…
Goldbeam to spend $2 million at Manitoba gold prospect
A former National Hockey League player says he is about to succeed where a number of companies have failed by turning the old Goldbeam mine at West Hawk Lake, Man., into a commercial gold producer. Af…