EXPLORATION ’87 NORANDA
Noranda Exploration (or Norex), the exploration arm of Noranda Inc., will probably spend more on exploration work this year than any other mining company. Last year Norex kept an average of 30 diamond…
News
Teck/Corona mining to the max in Hemlo
It’s full steam ahead in 1987 for the Teck/Corona gold project here in the booming Hemlo camp. Though still in the development stage, the David Bell mine is already contributing to Teck’s and Corona’s…
Queries Interquest busy on both sides of border
I heard that Interquest Resources is doing some work in Arizona. What’s the story? I.M. Toronto Your information is quite right. Last summer Interquest Resources entered into an agreement with Stan We…
Getting the R&D Ball Rolling
Increasing co-operative R&D with our universities is probably the best way for Canada to attain global excellence in mining technology. Over its long history, Canadian funding for research and develop…
EXPLORATION ’87 GRANGES EXPLORATION
Granges has eight exploration projects on the go. On the east coast the company is doing grassroots work in a new, 2-sq-mi area called the Murphy option, which is tied to a major claim block of Norand…
$50-million mining finance house McDonald’s Noramco to go public
The flagship of R. A. Bruce McDonald’s growing mining empire is going public. Noramco Mining Corp., which is being touted as a mining finance house, plans to raise $50 million via a unit offering bein…
Blackdome making money, paying dividends, too
With only seven and one-half months of production under its belt, Blackdome Mining’s gold project 150 miles north of here has not only been making money but paying dividends as well. Net earnings for …
EXPLORATION ’87 QUEENSTON
In 1987 Queenston Gold Mines will be concentrating its efforts on suitable arrangements for expanded exploration of its principal Kirkland Lake area gold properties. Regarding the company’s wholly-own…
McChip seeks interest in Noranda Expl. bet
McChip Resources says it has a letter of agreement with Noranda Exploration which would give McChip the option to earn up to 50% of Noranda’s interest in a group of claims in Stock, German and Maklem …
News in Brief (March 02, 1987)
Hi-Peg Resources has changed its name to Elegance Business Corp. on a share-for-share basis.
Toronto Stock Exchange Blame Rio for slump, but look for solace in
Put the blame on Rio for this week’s whopping market slump. Bank shares, hammered all week in reaction to Brazil’s debt repayment problems, pulled the overall market into a nosedive. Not surprising, i…
Brent gets claims in Casa Berardi
A 25% interest in 236 claims has been acquired by Brent Resources. A 136-claim block is located in the Casa Berardi-Joutel area of Quebec. The remaining 100 claims are further north, in the Detour-Sel…