SMDC drops option on Share prospect
Share Mines and Oils says it has been advised by the Saskatchewan Mining and Development Corp. (smdc) that smdc is discontinuing exploration work on the Hamson Lake, Sask., base and precious metals pr…
News
Missinabie exploration funded by Q-Vest issue
First General Mine Management and Gold Corp. of Toronto, has signed a flow-through agreement to earn up to $150,000 for exploration at its Missinabie area gold properties near Wawa, Ont. Under the agr…
Queries Provincial taxes are highest in Ontario
How is mining tax (in particular, processing allowances) determined in the province of Ontario? Also, I have heard that the Ontario mining tax rate has recently been lowered by the provincial governme…
People (July 20, 1987)
M.A. Hanna Co. — M. Jan van Veelen appointed director of European iron ore sales; Edward G. Jaicks named manager North American iron ore sales.
Metal Prices FUTURES PRICES (July 20, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) July 76.20 73.70 76.15 + 3.80 Sept….
Reserves increased for Cominco Resources
Cominco Resources International says it has increased potential copper-cobalt reserves at its Sheep Creek project in Montana. The property falls under a joint venture agreement with BHP-Utah Minerals …
Geodome subsidiary awaits approval for gold project
A wholly-owned subsidiary of Geodome Resources is hoping to pour its first gold bar within a year at its Jordan Creek open pit project in Idaho. Sunbeam Mining reports it is planning to start plant co…
Underground work starts at Esperanza Tillicum bet
An underground development program is under way at Esperanza Explorations’ Tillicum gold property in the Nelson area of B.C. By the first w eek in July, the 2,112 level had advanced another 220 ft and…
COATS Trading Features (July 20, 1987)
Langis Silver Cobalt was one of the week’s best performers. It was up 30 cents to close at $1.40. Although no formal decision has been made, a 1,200-ft shaft is planned to develop one of the company’…
Bay, Jilbey excited about Fontana mine potential
Drilling was recently completed on the Fontana property in Duverny Twp., near Amos, Que., Bay Resources and Services reports. Bay has a 75% interest in the property, with Jilbey Industries holding the…
NSR helps finance exploration work on Rand Malartic
Toronto-based NSR Resources has obtained regulatory and shareholder approval to finance about half of a $4.4-million exploration program at the Rand Malartic property in Quebec. The balance of the fun…
Cogesco receives exploration funds
An agreement has been concluded between Cogesco Mining Resources and Cogesco Partnership 1987 and Co., Ltd. whereby Cogesco has received $1.35 million in return for 1,578,974 common shares of the comp…