It’s a bad move to relocate the OGS
The following guest editorial is from Dr E. G. Pye, former director of the Ontario Geological Survey. Decentralization of government services has been a cornerstone of Ontario government policy sinc…
News
Audrey’s Mobrun project will be open pit operation
Treatment of a 20,000-tonne bulk sample from the Mobrun property near Rouyn, Que., is scheduled to start by the end of the month, Audrey Resources says. Audrey, which has the right to earn a 50% inter…
New mineral branch director
John Wood has been appointed director of the new northwestern mineral development branch in Kenora of the Ontario Ministry of Northern Development and Mines. Mr Wood is the first mining director to be…
Montreal Exchange New and old both active
Wednesday close, Sept 3 One of the country’s newest gold producing companies and one of its oldest shared the spotlight on the Montreal Exchange this week as the gold price surged above $400 pulling g…
Queenstake adds $100,000 to its operating cash flow
Queenstake Resources says it has received $625,000 from a limited partnership for the funding of Yukon placer operating costs in exchange for a share of production and “certain tax benefits.” Presiden…
Mining conference Leoben, Austria
A national resource forum titled Canadian Mining Industry — Emerging Challenges and Opportunities will be held Sept 11-14 at Banff, Alta. The forum will examine future prospects for the industry and …
Blackstone Expl.
Blackstone Explorations is venturing into the field of radon gas detection, the company says. Blackstone plans to sell a device to homeowners which detects radon gas accumulations in homes.
U.S. automakers use more zinc in fight against rust
The use of zinc-coated steel in the typical U.S.-produced automobile rose 23.2% during the 1986 model year, according to the New York based Zinc Institute. That’s the largest annual per- vehicle incre…
Queenston raises funds for exploration work
Queenston Gold Mines says it has arranged a $500,000 flow-through share financing for current exploration projects in the Kirkland Lake and Detour Lake areas. President Michael Gray says for instance …
Coniagas Mines
The Coniagas Mines has purchased six claims from Hillsborough Exploration located in Pifher Twp., near Beardmore, Ont. The deal is subject to approval of Hillsborough shareholders. In a related transa…
Back above $400 Gold’s glint catches public’s eye
The day gold surged past the $400(US)-mark last week was the day a Toronto stockbroker placed an ad in a financial newspaper for a seminar on “how to profit from the recent gold price moves.” It was a…
Record output for Galactic
Galactic Resources reports record monthly production in August from the Summitville gold mine in Colorado. Chairman Robert Friedland says in that month the mine produced over 9,000 oz, bringing total …