Axiom: mines are made in force at Dumagami
The successful development of the Dumagami Mines’ gold property once again goes to show the power of the old axiom that mines are made rather than the product of a happen-chance discovery, notes Presi…
News
Montreal Exchange Vior up sharply
Wednesday close, Dec 3 Overburden drilling on Inco and Cambior’s Douay Twp. property in the Casa Berardi area of northwestern Quebec are “very, very spectacular” says Claude St. Jacques, president of …
Naneco production decision expected
A production decision for the Longstreet and Johnson Gulch gold prop erties controlled by Naneco Resources could be made in 1987, the company says in its annual report. The company says that as deline…
Alberta Stock Exchange Gainers lead the pack
Wednesday close, Dec 3 Several resource issues made solid gains during the week. First City Gold Corp., was one of the bigger winners, adding 85 cents to close at $3.35. The company, which made our mo…
QPA to release flow-through study
A study into the benefits of flow- through share financing for miner al exploration has been completed and the results are “very, very positive,” the president of the Quebec Prospectors Association sa…
Management control of Golden Knight goes to Teck Corp.
It appears that Teck Corp. has secured a major position in what will almost certainly become another large gold producer — the Inco-Golden Knight project in Quebec’s Casa Berardi area. Teck recently …
Pronto options Esso property
An agreement has been signed between Pronto Explorations and Esso Mi nerals Canada giving Pronto the right to earn a 50% interest in Esso’s Long Lake gold prospect. Located 120 km north of Lac du Bonn…
X-Cal to drill Snowbird bet
A 2-phase diamond drilling program is planned for the Snowbird property in the Omenica mining district of B.C., reports X-Cal Resources President Shawn Kennedy. The program will attempt to double the …
Soviet gold sales depress market
Official figures are virtually impossible to get, but it appears the Soviet Union has been selling gold heavily in recent months in order to gain foreign currency. Soviet gold sales in 1985 are estima…
Lacana profit takes leap on gold production
Climbing gold sales from the Pinson-Prebble and Dee mines in Nevada in which Lacana Mining has interests, added to a higher gold price, gave the company record earnings for the nine months ended Sept …
Noble Peak gets Matagami claims
An airborne geophysical survey in under way on a large 531-claim pro perty acquired by Noble Peak Resources. Located in the Detour Lake-Matagami area of northern Quebec, the property straddles a 5-km …
Lac appeal decision may drag
The market seems to be saying that Lac Minerals is going to win, to some degree, its appeal of an Ontario Supreme Court ruling awarding the Page-Williams gold mine at Hemlo, Ont., to International Cor…