Jascan scoops Colorado bet
Another big U.S. company, U.S. Borax & Chemical Corp., has decided to get out of the mining business. In a deal scheduled to be closed this month, Jascan Resources Inc., a Toronto-based junior, has ag…
News
Cinola deposit on Queen Charlotts could produce 160,000 oz by 1989
Reno Calobrigo sells salami and cheese in Vancouver. Late last year he was also president of Consolidated Cinola, a Vancouver and nasdaq-listed exploration company which now, under a new name City Res…
Editorial Great engineering achievements
Not surprising that de Havilland’s rugged little Beaver bush plane, an aircraft that has flown countless prospectors, geologists, etc. into Canada’s hinterland in search of metals and minerals, should…
Investment Comment Blackdome picked as winner investment comment:
The combination of high earnings, low-cost production and a generous dividend policy leads analysts Rick Cohen and Bill Richardson of Brown, Baldwin, Nisker Ltd. to recommend the purcase of shares of …
Ottawa keeps the lid on future of flow-through
Many of the roughly 2,000 delegates came to last week’s Prospectors and Developers convention seeking relief from their fear that flow-through share funding for mineral exploration is doomed. They had…
Deep results at Consolidated Professor
Consolidated Professor Mines reports early results from drilling at its Duport gold property at Shoal Lake, Ont., include some “excellent” intersections from deep surface holes. The holes, the company…
Augmitto anticipates 3m. tons at 0.16-oz gold
A $3-million private placement of shares and warrants with institutional investors in Europe will fund the final push at Augmitto Explorations’ gold property located five miles south of here. Arranged…
Augdome completes drilling program
Fifteen holes have been drilled to a maximum depth of 600 ft on a 26-claim property adjacent to the Dome mine in Timmins, Ont. The ground, held by coats- listed Augdome Corp., has drill- indicated res…
Tandem drilling two lively bets
A drill program with two machines is under way at Tandem Resources’ Moss Lake project, about 70 miles west of Thunder Bay, Ont., says President Stanley G. Hawkins. The drill program is from the ice of…
Miners stand to benefit from improved zinc market
Despite recent weakness in the zinc market, the next few years should witness not only a firming in the zinc price but also a decline in smelting charges and consequent disproportionate increase in th…
Audrey progresses at Mobrun project
Shaft sinking to a depth of 232 m has been completed at the Mobrun project located near Rouyn, Que., shared equally by partners Audrey Resources and Corporation Falconbridge Copper. Exploration drifts…
Committed to platinum Laurasia acquires Fleck
With the acquisition of the controlling block of shares in Fleck Resources whose principle asset is the 34-million-ton platinum group metals deposit in Marathon, Ont., Toronto-listed Laurasia Resource…