Gordex to test mine potential
A 30,000-ft program is planned to test the underground mining potential of a wide gold zone, discovered earlier this year (N.M., Feb 29/88), about 1 km north of the open pit gold mine at Cape Spencer,…
1988
Glen Auden/Mineta drilling completed
A 36-hole overburden drill program has been completed at the joint venture between Glen Auden Resources (TSE) and Mineta Resources (VSE) in Massicotte Twp., Que. Twenty-four of the holes contained gra…
Acadia/Hecla deal signed
An agreement between Toronto- listed Acadia Mineral Ventures and the Canadian subsidiary of Idaho- based Hecla Mining was signed this week. Over the next three years, the agreement could give Acadia a…
Brenda quits oil, seeks other interests
It’s probably safe to say the demise of Brenda Mines (TSE) has been greatly exaggerated. The low grade copper producer near Peachland, B.C., has endured two mine closures in recent years and it only r…
News in Brief (May 23, 1988)
Argo Development has changed its transfer agent to Guaranty Trust Co.
Seminar on ground control at Laurentian University
A professional development seminar on rock mass failures in hard rock mining will be held June 1-3 at Laurentian University, Sudbury, Ont. The seminar will run in conjunction with a Canadian mining an…
Echo Bay earnings
Net earnings of $10.9 million(US), or 11 cents per share, were reported by Echo Bay Mines (TSE) for the first quarter of 1988, compared with $8.1 million, or 9 cents per share, for the same period la…
Queries Kodiak no longer at Copperkettle Creek
It is my understanding that there is a lot of prospecting going on in the Copperkettle Creek area near Greenwood, B.C. As a former shareholder in Kodiak Minerals, I would like to know whether Kodiak…
Alberta Sotck Exchange Mohave trades high
An announcement that Mohave Gold has delivered a letter of intent to buy and Nevada-based gold/silver producer called Canyon Development Mining Inc., made Mohave one of the most active traders. With 4…
Muscocho/Echo complete deal
Muscocho Explorations (TSE) and Echo Bay Mines (TSE) say they have completed a private placement agreement designed to finance development at a number of projects including the Magino gold property ne…
Beardmore mill offically open
Official opening ceremonies for a gold mill in the village of Beardmore, Ont., were held this week by Ateba Mines (TSE) of Toronto. The company is using an ore sorting machine to upgrade mine waste du…
Rio Algom and Falconbridge win safety, first aid awards
Rio Algom’s Panel mine at Elliot Lake, Ont., has become the only North American mine in the world to hold a 5-star rating in the International Safety Rating System. The 5-star standing, announced by t…