Belmoral, Vedron discuss merger
The boards of directors of Belmoral Mines and Vedron Ltd. are exploring the possibilities of a merger of the two gold mining companies. Belmoral currently has a 39% interest in Vedron and, under an ex…
News
Metal Prices FUTURES PRICES (June 15, 1987)
N.Y. Commodity Exchange Week’s High Low Close Change COPPER (in US cents per lb.) June 70.15 69.55 70.10 + 0.70 July 70.15 69.25 70.10 + 0.80…
Editorial A really big mining show
The image of mining will get quite a boost from the new mining pavilion at Ontario Place, in Toronto, officially opened the other day by Ontario’s ministry of northern development and mines. A kind …
Editorial Don’t worry about gold – it’s real money
Much is being heard these days about the woes resulting from the massive debts that have been built up by the devloping South American countries, especially Brazil, Argentine and Peru. Even the intere…
Goodman’s mark evident in Royex, Corona shuffle
Espousing a philosophy of flexible strategy, Peter Steen, president and chief executive officer of Royex Gold Mining Corp. explained that Royex has become the flagship of an emerging mining group, anc…
Two drills starting at Eastmain (head)
Field crews are moving on to location and diamond drilling with two machines is being resumed on the extensive holdings of Eastmain Resources and Westmin Resources in the Eastmain River area of New Qu…
Hemlo Gold on buying spree?
Mining companies often complain that acquisition costs for mature gold properties are simply too high. But not all companies have the financial clout of acquisition-hungry Hemlo Gold Mines which has a…
Seabright milestone in N.S. mining history
Several hundred people recently witnessed an historic event in Nova Scotia’s mining industry, the return to gold production after 40 years. The last significant commercial production in the province w…
Gordex acquires gold property in Nova Scotia
Making its first venture outside New Brunswick, Gordex Minerals has acquired a gold property 60 mi southwest of Halifax, N.S. Gordex, New Brunswick’s first primary producing gold company, will spend $…
Kilo Gold funding for B.C. project work
Diamond drilling totalling about 3,000 ft will begin early next month on the Skylark-Ranger claim area of its Kilo property near Slocan, B.C., reports Kilo Gold Mines. The company says it will raise u…
Vancouver Stock Exchange New discovery adds some sparkle
There’s nothing quite like a new discovery to add some sparkle to a market — especially one that’s so close to home. The big news this week of course is the Minnova/Rea Gold find north of Kamloops, B…
More drilling starts for Consolidated TVX on Brazil pgm bet
With eight holes already drilled on a platinum-palladium property in Brazil, Consolidated TVX Mining Corp. says a further 28-hole program is under way on the property, with results expected shortly. T…