Augmitto on schedule at Beauchastel property
Pre-production development is proceeding on schedule and within budget on Augmitto Explorations’ (TSE) Beauchastel gold property near Rouyn, Que. The company reports that construction of a 1,000-ton-p…
1988
Exall seeking opportunities
At the annual meeting of Exall Resources (TSE), held recently in Toronto, President Stephen G. Roman said the company is now in a secure financial position to actively seek opportunities in the minera…
Muscocho, McNellen release drill results at Magino below 500 ft
Drilling below the 500-ft level at the Magino gold project in northern Ontario confirms the downward persistence of the property’s multiple-vein system, say project partners Muscocho Explorations (TSE…
Tenajon Reports Further Drill Results From SB Property
Channel samples taken from recent underground work at the SB property near Stewart, B.C. returned impressive values in a number of metals including gold, silver, copper, lead and zinc. Tenajon Resourc…
Kewagama raises exploration funds
A flow-through financing agreement worth $435,000 has been reached between Kewagama Gold Mines (Quebec) (ME) and CMP 1988 III Resource Partnership and Co., Ltd. Under the agreement, shares will be iss…
Render unto Caesar
The Polish mint has struck a one-troy-pound gold coin to commemorate the tenth anniversary of Pope John Paul II’s election as pontiff. Even though there are only 300 of the 0.999% pure gold coins mint…
Nerco Venture
Diversifying its interests outside of North America, Nerco Minerals, a subsidiary of Nerco Inc, has entered into two joint venture agreements which will see it explore for minerals in the prolific Kal…
News in Brief (October 17, 1988)
Rojoll Explorations has changed its name to Morrison-Grey Enterprises Ltd. (MGP:VSE) on a sharefor-share basis.
Falconbridge consults rules in bid to halt Noranda Inc.
It may be merely a temporary snag, but the Ontario Securities Commission is delaying Noranda Inc.’s (TSE) recent bid to buy seven million Falconbridge Ltd. (TSE) shares at $22.25. Following a request …
Editorial Rock Mechanics — Can it prevent tragedy?
The recent death of James Wilson, Jr., an experienced miner, and his partner Bruce Braman in a roof collapse at the Denison- Potacan potash mine in Sussex, N.B., was indeed tragic. But it should not b…
COATS Trading Features (October 17, 1988)
Trading was quiet as mining issues continued to drift in a lethargic market that has characterised the past several weeks. Prices were easier for Boston Bay Mines which tested a new low of $2.50 this…
Int’l Thunderwood going underground at Gold Hawk
During the first nine months of this year, International Thunderwood Explorations (TSE) spent $4.3 million on mineral exploration. The bulk of the money went to the Pelletier Lake and Gold Hawk projec…