News in Brief (July 27, 1987)
Meacon Bay Resources reports it has completed a private placement of 1,000,000 of its units at 10 cents per unit. Each unit consists of one common share and one share purchase warrant, each of the la…
Meacon Bay Resources reports it has completed a private placement of 1,000,000 of its units at 10 cents per unit. Each unit consists of one common share and one share purchase warrant, each of the la…
A drill program is under way at Interaction Resources’ Mill property in Lander Cty., Nev. The company has the right to earn a 51% interest in the property which is owned by Brican Resources and Bow Va…
Jonpol Explorations and Cominco Ltd. recently agreed to begin a $2-million exploration program on the Garrcon property in Garrison, Twp., Ont. Under the agreement, the funds will be spent over two ye…
An option to acquire a 50% interest in four placer-mining leases in the Quesnel mining district near Barkerville, B.C., has been obtained by hwi Industries. The company reports the Barkerville area pr…
Scotia Prime Resources Inc, wholly-owned by ase-listed Petroco, is in the midst of a $1.6- million financing for exploration work on two gold properties in Nova Scotia. President Graig K. Millar, a lo…
I would appreciate any information you can give me on Edda Resources. The issue doubled a couple of weeks ago and I would like to know what caused it to go up. Edda appears to be a good stock for inve…
News that control of Gateford Resources is passing to an officer of the company helped the issue. Gateford added a nickel to 40 cents -50 cents . Macdonald Mines continued unchanged at 30 cents . Mana…
Some encouraging results at Noranda Exploration’s recently obtained Black Pine property in Cassia Cty., Idaho, means that the company could be on the verge of beginning a heap leach operation there. A…
A final prospectus has been filed by Golden Knight Resources which outlines details of a $30- million-unit offering. The offering is being made to finance the company’s share of mine development costs…
Construction work could begin this September on Viceroy Resource Corp.’s Castle Mountain property in California, says D. Ross Fitzpatrick, president. In the meantime, he confirms the “permitting proce…
While the summer doldrums continued to hamper trading in Alberta, the performance of some gold issues were worth noting. Mill City Gold, which has a 10% net profits royalty interest in some properties…
Moving aggressively on the exploration front, Equity Silver Mines has taken an option on Fairfield Minerals’ Ram property south of Ross River, Yukon. The prospect is six miles west of the Ketza River …
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