Westfield pleased with Tartan values
Anomalous gold values have been detected by a surface prospecting program completed by Westfield Minerals on the company’s optioned gold property near Tartan Lake, Man. Located 10 km east of Flin Flon…
News
Lynx-Canada plans to drill
A diamond drill program is planned for the Lynx-Canada Explorations Massicotte property in the Casa Berardi area of northwestern Quebec, reports President Karl Glackmeyer Several excellent drill targe…
Who will own the Hemlo mine? Market flutters as appeal nears
In the labyrinthine basement of Osgoode Hall, the seat of Ontario’s Court of Appeal, one entire room is set aside for documents relating to the case of Lac Minerals and International Corona Resources….
Investors catch Madeleine Lac des Iles platinum fever
Investors have apparently caught the Lac des Iles bug judging by the recent market action on Madeleine Mines. This company plans to bring into production the optioned Lac des Iles platinum-palladium p…
Westmin/Nexus
Nexus Resource Corp. has been granted an option by Westmin Resourc es to earn a 50% interest in its Debbie property located six miles east of Port Alberni on Vancouver Island. The property, which cons…
Almaden finances exploration work for gold, silver
Almaden Resources has raised $420,000 in a best efforts offering to explore three precious metals properties. The financing increases the company’s working capital to approximately $500,000, the bulk …
Cominco metals shows profit but fertilizer still in red
The mining and integrated metals business segment of Cominco Ltd. h as benefited dramatically from higher metal prices, productivity improvement and a general cost-cutting program. But the company’s f…
Queries: Silver Bar active, in Cobalt area
Could you please bring me up-to-date on Silver Bar Mines. I understand the company has been re-activated and has property in the Cobalt area of Ontario. K.O. Formosa, Ont. Your information is quite ac…
Strontium market will stay strong new study says
In spite of recession, the effects of new technology and competition from alternative materials, demand for strontium is continuing its strong growth displayed during the early 1980s. Following the ra…
Montreal Exchange: Syngold makes big gain
Wednesday close, Nov 5 A good example of the success of Quebec’s flow-through offerings to raise money for exploration is found in Syngold Exploration. It might also be an argument against flow-throug…
Equity trims loss
Equity Silver Mines reported a loss of $583,000 or 2 cents per sha re for the nine months ended Sept 30, compared to a loss of $713,000 or 3 cents a share the previous year. President A.J. Petrina sa…
Aunore completes financing
Financing required for the balance of this year’s exploration program has been completed, says Quebec-based Aunore Resources. A private placement agreement has been concluded which will provide $1.242…