News


Cominco driving adit on SNIP gold project

The 300-m level adit at the SNIP gold project of Cominco Ltd. (TSE) and Delaware Resource Corp. (VSE) is progressing on schedule, the joint venture confirms. The Twin zone structure, which hosts most …


Phoenix has loss after McxFinley sale

After selling a 43% interest in the Bateman Twp. project near Red Lake, Ont., Phoenix Gold Mines (TSE) strengthened its cash position in 1987 the company said recently. As a result of the sale to McFi…


Aur set to join ranks of Canadian gold producers

After two years of concentrated exploration at its Val d’Or, Que., land holdings, Toronto-based Aur Resources (TSE) will make its debut this September as a Canadian gold producer. The Toronto company …



Montreal Exchange Parquet drill results

An active trader the past few weeks, Parquet Resources of Toronto recently released encouraging winter drilling results from property in Courville Twp., near Val d’Or, Que. One of the holes returned 3…


Jonpol, partners report 4 drills at Garrison bet

Four drills are at work on property in Garrison Twp. in northern Ontario where Jonpol Explorations (TSE) and two other companies have reported further encouraging results. Jonpol’s joint-venture partn…


Dickenson investigates Wharf amalgamation

Toronto-based Dickenson Mines (TSE) is investigating an amalgamation with Wharf Resources (TSE), in which the former currently has a 33% equity interest. J. O. Kachmar, president of both companies, sa…



Cascadia drilling hits placer gold in B.C.

Visible gold has been noted in seven percussion holes completed on Cascadia Mines & Resources’ Cariboo-Kiethley Creek properties in southwestern British Columbia. Just over a year ago, the company ent…



Anglo Dominion improves financial results in ’87

Like many junior explorers across Canada, Anglo Dominion Gold’s (TSE) ability to finance its main projects was hampered by the Oct 19 market downturn. Nevertheless, the Toronto company’s financial pos…


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