Belmoral, Yorbeau complete agreement
Completion of an agreement whereby Belmoral Mines will spend $10 million to acquire a 50% interest in Yorbeau Resources’ Astoria gold property in northwestern Quebec, and $5 million to acquire Yorbeau…
1988
Noramex gets results from Nevada drilling
Encouraged by a recently-completed 16-hole drill program, Noramex Minerals and partners Hillside Energy and Calvada Resources plan a $400,000 follow-up program on their Bunce heap leach gold project i…
Metal Prices FREE MARKET (March 14, 1988)
London Metal Exchange Spot closing prices in Pound Sterling per tonne Date Mar. 8 Mar. 7 Mar. 4 Mar. 3 Mar. 2 Copper 1263-1265 1273-1278 1265-1267 1259-1261 1252…
Rhodes-Noranda get mixed drill results (March 14, 1988)
A $750,000 exploration program carried out by Noranda Exploration and Golden Princess Mining on the Offsets prospect near Timmins, Ont., has returned encouraging gold values. Noranda, as operator, com…
Editorial Free-trade opponents
Opposition to the proposed Canada-U.S. free trade agreement has recently been coming largely from south of the border while opponents in Canada have been uncharacteristically quiet. The most recent …
Partners dispute holds up work on DOC gold-silver bet
A dispute between joint venture partners Magna Ventures and Silver Princess Resources is holding up work on the Doc gold-silver claim group in the Sulphurets belt near Stewart, B.C. At issue, accordin…
Mining must adapt to stay competitive, banker says
Mining, like other industries in Canada, must change with the times to remain competitive, the chairman of the Bank of Montreal said at the 56th annual convention of the Prospectors and Developers Ass…
Quebec charges Noranda of violating pollution law
The Quebec government has charged Noranda Minerals with three counts of violating provincial air pollution laws. The charges allege that the company’s Horne copper smelter in Rouyn-Noranda, Que., emit…
First bulk test on Fontana bet
Bay Resources & Services, a company controlled by St. Genevieve Resources of Montreal, and joint- venture partners Stratmin Inc. and Jilby Industries, both of which have been recently listed in Montre…
Books (March 14, 1988)
A Directory of Active Mines in Arizona and a Map of Active Mines in Arizona, published by Arizona Department of Mines and Mineral Resources. The 16-page directory lists 53 companies, including mine, m…
Chesbar starts ramp extension
A 2,000-ft ramp extension program is under way at the Chester Twp. gold project in northern Ontario that will provide access to the 300-ft, 400-ft and 500-ft levels for underground exploration, Chesba…
CSA net earnings
CSA Management Ltd., which manages several goldfunds, realized net earnings of $970,370 or 35 cents per share for the 9-month period ended Dec 31. This compares to earnings of $2.57 million or $1.17 …