Metal Snips (May 11, 1987)
Two American firms, A-Mark Precious Metals and Manfra Tordella and Brookes, have become official distributors of the Isle of Man’s platinum Noble bullion coins. Introduced in 1983, the coins are 99.95…
News
Queries Watson Lk. claims are near Sault Ste. Marie
Recently you described Operation Wawa. It was of interest to me as I hold stock in Watson Lake Mines which has a large claim between Sault Ste. Marie and Wawa, Ont. I have been through the last year…
Atlantic Report New N.S. company into gold action
Scotia Prime Resources, a new Halifax-based company that is entering the Nova Scotia gold play, has acquired several properties with gold potential in the Meguma Group of rocks. Among them are former …
Neptune claims in New Brunswick
Neptune Resources reports it has staked and recorded 40 claims on the Cape Spencer structure near St. John, N.B., in a project to be known as the Marigold project. President M. K. Witte says the compa…
Editorial Mining like shovelling snow?
Just when we thought the Mining Association of Canada was winning its battle of informing and educating our elected representatives in Ottawa, this gem comes across our desk: “Extracting minerals fr…
Diana buying 28 claims
A 2,800-acre, 28-claim property in Bearn and Dalquier Twps. in northwestern Quebec is being acquired, subject to regulatory approval, by Diana Resources. The property is one block removed and on strik…
Promising Moneta results
A 14,000-ft reconnaissance drill program has outlined two zones of gold mineralization, Moneta Porcupine Mines says. The work was completed on the company’s 100%- owned property in Michaud Twp., Ont. …
Innovate to survive, CIM plenary told
“Innovation … represents a revolutionary change in operating style for an industry that is known for the conservatism of its management. We have no choice but to take drastic steps. Vive la Revoluti…
News in Brief (May 11, 1987)
Northgate Exploration announced on May 4 that hourly-paid employees at the company’s two Chibougamau, Que. mines have rejected a revised contract offer by the company and that strike action has been i…
Exploration shaft in the works for Joubi property
A shaft-sinking contract, for a 250-m exploration shaft, on its Joubi property near Val d’Or, Que., will be let shortly, Western Quebec Mines reports. A program of six holes totalling 1,242 m was comp…
Heap leach paying off for Grandview
The economy of California is larger than many industrialized nations including Canada’s. And in recent years, gold mining has once again become an integral part of the state economy which for a time …
Mining policy set for May 20
The federal minister of state for forestry and mines gave few clues to his new mining policy in a speech to a luncheon gathering at the 89th annual meeting of the cim in Toronto. Gerald Merrithew is s…