Claude gets Seabee report
A prefeasibility report on gold reserves at the Seabee deposit in northern Saskatchewan has been received by Claude Resources (TSE). The report was recently completed by A.C.A. Howe International, a m…
1988
Lyon Lake focusing attention on Mosquito
A 50% interest in the Mosquito property in the Barkerville-Wells area of British Columbia will have been acquired by Lyon Lake Mines (ME) at the end of this year following the expenditure of $6 millio…
Chesbar, Murgold set sights on mid-1989 gold production
The Chester Twp. gold project in northern Ontario being developed by Chesbar Resources (TSE) and Murgold Resources (TSE) could be operational by early summer, 1989. Chesbar President J. T. Flanagan sa…
Canamax increases Mt Hundere’s reserve
Geological reserves have been increased by Canamax Resources (TSE) on the company’s Mt. Hundere zinc-lead property near Watson Lake, Y.T. Drilling has outlined reserves of 5.2 million tonnes grading 1…
Can-Mac flow-through
Can-Mac Exploration (VSE) has arranged a flow-through share financing of $300,000. Can-Mac will issue 909,091 common shares at a price of 33 per share. The company must spend the proceeds by Dec 31 o…
Ronrico busy at Louvicourt mine
A production decision could come in the new year for the Simkar gold project near Val d’Or, Que., Ronrico Explorations’ (VSE) President Donald Kemp told shareholders at the company’s annual meeting in…
Placer Dome: North American favorite
What North American gold stock do institutional investors favor? Placer Dome Inc. (TSE). According to analysts Rick Cohen, Brian Flower and Elaine Howell of James Capel & Co., shares of Placer Dome re…
Minnova examining Chu Chua for possible copper production
The Chu Chua massive sulphide deposit near Kamloops, B.C., is being evaluated by Minnova Inc. (TSE) for potential open pittable, high grade copper ore that might supply additional feed to the Samatosu…
Convention reflects industry strength
There was a surprising unanimity of opinion on the future of the United States precious metals industry by key executives at the Northwest Mining Association convention held here recently. A special f…
Hall of Fame banquet
In an event being billed as one of historic importance to the mining industry, 12 of its most distinguished discoverers and mine- makers (10 posthumously) are to be inducted into the recently formed C…
Vancouver Stock Exchange Pezim companies dominate trading
Heavy exploration activity in Northwestern British Columbia for both gold and copper and the promotional abilities of Murray Pezim, can be collectively credited with generating the lion’s share of rec…
Editorial Mining a poor cousin in New Brunwick
More investment dollars continue to be spent on precious metals exploration in Canada than on base metals. This despite base metals reserves dwindling and base metals prices booming. The reason, perha…