Chances remote for an open pit at Giant Bay bet
Giant Bay Resources, which had hoped initial mining from its Gordon Lake gold property in the Northwest Territories could have been open pit, says that possibility “now seems highly unlikely.” The com…
News
Montreal Exchange: Mazarin makes gains
Wednesday close, Oct 1 Word that Quebec prospector Peter Ferderber backed by a syndicate of 12 investors had made a significant platinum discovery north of Schefferville, Que., added to Mazarin’s fort…
Alberta Stock Exchange Conquest takes jump
Wednesday close, Oct 1 Trading this week on the Alberta exchange slid below last week’s level, with 5,096,200 shares traded in the latest period. One of the hottest stocks on the Alberta board was Con…
Noranda OKs production on rich Isle Dieu orebody
What is so far a small but very rich zinc-silver-copper deposit near Matagami in northwestern Quebec is being put into production by Noranda Minerals at a cost of $35 million. Site preparation on the …
Lac, Cambior to double mill capacity at Doyon
There’s going to be a lot more ore coming from the Doyon gold mine in northwestern Quebec, the underpinning of two major mining companies, so management has decided to spend $16 million to double mill…
Lacana and partners make silver discovery in N.B.
A surface prospecting program carried out by Lacana Mining Corp. and members of the M.E.X. joint venture in New Brunswick, has led to the discovery of a mineralized zone rich in silver. The partners, …
Borealis hits good grades in virgin greenstone belt
Drilling by Alberta-listed Borealis Exploration on the so-called south zone near Fat Lake in the Keweetin District of the N.W.T. has intersected a 15-ft section grading 0.71 oz gold per ton which incl…
Gold ’86 big success
More than 1,400 geologists and mining industry representatives from around the world converged on Toronto for Gold ’86; a symposium on the geology of gold deposits. The organizers were especially plea…
CDC is selling its share holding in Falconbridge
Dome Mines, (with 24%), emerges the dominant shareholder of Falconbridge Ltd. as the result of the sale by the Canada Development Corporation of the CDC’s 10.5 million common share holding in Falconb…
Cominco battery vies for national research award
A major percentage of auto batteries in North America may soon be produced using advanced manufacturing technology developed by a subsidiary of Cominco Ltd. The unique process was developed by Cominco…
Errington in deal with Teck Corp.
Errington Industrial Enterprises says it has agreed to purchase the past-producing Stairs mine, in Midlothian Twp., Ont., from Regal Goldfields The deal, which is subject to shareholder approval, will…
Canper sampling its rich silver deposit
A sampling program is under way on the Eduardo zinc deposit controlled by Canper Resources. Located in Peru, the deposit, although small in tonnage, hosts high grade zinc mineralization. Estimated res…