Gibralter reduces its mine workforce
The continuing low price of copper coupled with the current lower production has necessitated a reduction in Gibraltar Mines’ workforce to 320 employees, says President A. J. Petrina. About 35 hourly …
News
Newjay planning drill program
Newjay Resources says in the 1987 season it plans a phase-two drill program totalling about 3,000 ft on its “Master Ace” precious metals project near Hope, B.C. The drilling will test two zones identi…
Drilling on Silver Princess’ Sulphurets gold bet
Drilling on the Silver Princess Resources’ Doc claim group on the South Unuk River in the Sulphurets belt near Stewart, B.C., has confirmed a very strong structure over a strike length of 1,200 ft an…
Agnico-Eagle Mines will offer by secondary distribution through
Stock Exchange up to 350,000 common shares of Dumagami Mines. Agnico owns 29% of the outstanding common shares of Dumagami and through its 42% ownership of Mentor Exploration and Development indirectl…
Glen Auden Res. reaches agreement on Hurtubise Twp.
Glen Auden Resources and the Turgeon Staking Syndicate have entered into agreements with New Kelore Mines and Conscot Resources regarding two properties in Hurtubise Twp., Ont. Under the terms of the …
Cuvier Mines says that through its wholly-owned British Columbia
subsidiary, 307292 B.C., it now has taken up approximately 87% of the outstanding shares of Golden Hind Ventures tendered in connection with the offer made Aug 18 for all of the outstanding shares of …
Bulk leach tests at Amir/Glamis Idaho bets
Bulk leach tests are scheduled for the Buffalo Gulch and Friday properties, both located in Idaho Cty., Idaho, says Amir Mines vice- president Clive T. Johnson. Amir’s joint venture partner Glamis Gol…
New GSC forecast
The geophysics division of the Geological Survey of Canada advises it is issuing a new 27-day multi-zone forecast of geomagnetic activity and a review of the preceding geomagnetic activity, expressed …
Record output in September for Galactic
Galactic Resources reports record monthly gold production in September of more than 10,000 oz, from the Summitville gold mine in Colorado. It brings total production since the June initiation of comme…
OSC meeting
The Ontario Securities Commission will hold a public meeting at its Toronto offices on Oct 21, (beginning at 9.30 a.m.) to hear submissions from the public concerning the Thompson Committee report on …
Troubled Aiguebelle Resources may be amalgamating with a
Cambior Inc. Aiguebelle President Roger Plasse says the proposed amalgamation would involve shareholders of Aiguebelle receiving shares of Cambior on a ratio to be determined.
Broker-dealer firm turns to mutual funds
From the marketing of highly speculative grass roots mine issues to mutual funds represents quite a switch. But that’s the direction now being taken by the broker-dealer firm of Gordon-Daly Grenadier …