Firms discuss joint venture
Toronto-listed International Platinum Corp. has signed a letter of intent with Degussa A.G. to enter into further negotiations on a joint venture exploration agreement regarding several of the former’…
News
Kinbauri drilling gets weak results
Drilling on several properties held by Kinbauri Gold Corp. has yielded marginal results. On the company’s Morrisette property northeast of Kirkland Lake, Ont., one hole intersected a zone of anomalous…
Production dates set at Cargo and Kirkland
Production from the 200,000-ton bulk heap leach test at the Cargo Muchacho project in southern California is expected to start mid- March, says President H. Lutz Klingmann. Approximately 10,000 ft of …
People (March 30, 1987)
Western Canadian Mining Corp. — J. Douglas Little appointed president.
Montreal Exchange Cogesco actively traded
Active trading on the Montreal Exchange led to new highs during the past week before the exchange’s portfolio index slipped back slightly. Mining issues continued to be among the active stocks, with t…
Bitech, Greenstone reach agreement
Bitech Energy Resources and Greenstone Resources have signed a letter of agreement whereby Bitech can earn half of Greenstone’s undivided 75% interest in the Tache property located in McKenzie Twp. in…
East Kemptville write-off spells profit drop for Rio
Profit took a 20% drop this year for Rio Algom Ltd., due to its write- off of the East Kemptvillte tin project. For the year ended Dec 31, Rio posted a final consolidated profit of $70.2 million or $1…
Nor-Acme Royalties
A $5.8-million plant is to be built to treat the 260,000 tons of arsenical gold concentrates stockpiled at the Snow Lake property of Nor- Acme Gold Mines in Manitoba. These grade 0.324 oz gold per ton…
Option earned in gold site
An option to earn a 50% interest in the Bapst Twp. property owned by Fairfax Bay Resources in the Casa Berardi gold area in northwestern Quebec has been obtained by Yorbeau Resources. Yorbeau Presiden…
News in Brief (March 23, 1987)
Penway Explorers reports it has an agreement to acquire 20 additional mining claims in the Red Lake area of Ontario. The company says to date no work has been done on these claims, but that it intends…
Toronto Stock Exchange Trading still lively after all these weeks
Well into the third month of the new year and still the pace of trading has not slackened. If anything it’s becoming even more hair- raising with records being shattered right left and centre. The com…
Western results excite Teeshin
Favorable gold and silver drilling results have been reported by Teeshin Resources for its Dome Mountain project near Smithers, B.C. In Boulder zone one, the average grade of gold indicated was 0.44 o…