People (August 10, 1987)
Northgate Exploration — Pascal Dessureault appointed president of Northgate Mines Inc., a wholly-owned subsidiary. Genco Industries — Manning W. Cox appointed vice-president exploration and director…
News
Tailings work well under way
Mill City Gold Inc and joint venture partner Tyranex Gold Inc are well under way with their project to reprocess old mine tailings at the Tyranite mine, near Gowganda, Ont. The Tyranite mine produced …
Editorial Zounds] An NDP government in Ottawa
There’s been a lot of talk lately, impelled by a good deal of media exposure and of course by somewhat astonishing by-election victories, about the possibility of a New Democratic Party government at …
Editorial The smog of summer
Despite the fact that Canada imposed strict controls on acid- rain-causing emissions from smelters and coal-burning utilities in 1984, our friends south of the border have steadfastly refused to follo…
Gunnar, Mill City earning option in Tyranite mine
A joint-venture agreement has been entered into by Gunnar Gold and Mill City Gold with Tyranex Gold on the Tyranite Mines’ gold property in Tyrrell and Knight Twps. in the Matachewan area of northern …
Vancouver Stock Exchange Trading active on west coast
Resource issues, benefiting from gold prices pushed higher by fears of inflation and the uncertainty of events in the Persian Gulf, continue to fuel active trading on the Vancouver market. MacMillan E…
Forbex, Brex in option deal
An agreement has been entered into between Forbex Mining Resources and Brex Exploration whereby the latter may acquire up to a 50% interest in the Lake Fortune West property in Dasserat Twp. in northw…
About-face into the black is achieved by Pine Point
Pine Point Mines, which lost $9.8 million in the first half last year, has completely reversed its fortunes in the similar period this year, with reported net earnings of $10.8 million. The profit thi…
Thyssen wins Vista contract
Regina-based Thyssen Mining Construction of Canada has been awarded a contract to commence the Phase II decline development on Vista Mines’ Rio project. A total of four Canadian companies submitted bi…
Older steel regions make way for new
Out of 24 world regions, 11 will be in the declining stage of the steel demand life cycle, four will have reached maturity, eight will be in a growth period and only one will be in the introduction ph…
Mineral Res. completes issue
Mineral Resources International has completed the issue of $24,450,000 of 6.75% convertible subordinated debentures by way of private placement through Sprott Securities. The debentures have a 10-year…
New gold zone at McWatters bet
A new gold zone, known as the J zone, has been discovered 1,200 ft northwest of the old shaft on the McWatters gold project near Rouyn, Que., John McAdam, president of McAdam Resources, reports. Visib…