Sonora mine in production
After a 2-year delay due to enviromental restrictions and bureaucratic red tape, the first gold bar was poured recently from Sonora Gold Corp.’s Jamestown Mine in California. Expected to produce aroun…
News
Eldorado’s debt precludes positive uranium benefits
At a time when the worst appears to be over in the uranium industry, Eldorado Nuclear finds itself unable to enjoy the benefits of a firming market for its product. The banks, which financed Eldorado’…
Black Cliff Mines options Malartic property.
Nearly seven years after it reopened the former Vinray gold mine in Malartic Twp., Quebec, Black Cliff Mines of Toronto has optioned the property to Rouyn, Quebec-based Exploration Essor. Exploration …
Lenora planning underground work
An underground exploration program is being planned by Lenora Explorations for the company’s Golden Harker property near Kirkland Lake, Ont. The program will enable sampling and testing of reserves to…
News in Brief (May 25, 1987)
Mark Resources recently completed its previously announced $50.3 million financing. The Calgary based company has received receipts for the final prospectus qualifying the common shares and debentures…
Metal snips (May 25, 1987)
Growth in China’s wire and cable sector is likely to be rapid, with copper consumption in the country expected to rise by about 60% during the next 10 years, predicts the Commodities Research Unit of …
Alaska placer mine enters fourth year of operations
A $150,000(US) development drilling program has begun at the Valdez Creek placer gold mine in Alaska, and stripping operations are expected to get under way there in early June. The work program opens…
Pine Point seeks interest in mine
With operations in the Northwest Territories expected to cease in 1988, Pine Point Mines is negotiating a 40% interest in Cominco’s Polaris mine in the High Arctic. Noting that the company is now in t…
Brosnor plans exploration work on 3 properties
A $3-million exploration program for 1987 has been announced by Brosnor Exploration for three Quebec properties. The Louvicourt Twp. gold property in northwestern Quebec will be the site of most of th…
Nuinsco on schedule in Cameron project
Following the recommendations of partner Echo Bay Mines, Nuinsco Resources expects to move into the ore zone on its Cameron Lake gold project faster than the company had anticipated. At a cost of $3.6…
Oasis reaches financing deal
Oasis Resources has reached agreement with Ressources cmp 1987, Ressources cmp 1987 Quebec and Deductible Opportunities Funds 1987 for the financing of the Delta platinum project in northern Quebec. T…
Common sense prevailing as Carolin dumps U.S. firm
It took a while but common sense may have finally prevailed at Carolin Mines where its credibility reached an all-time low after it announced spectacular gold and platinum assays (N.M., Feb 2/87) from…