Editorial Canadians shine in U.S. gold race
Because gold mining has once again become a highly profitable business — and with strong evidence that its price will at least hold to around today’s rewarding levels — a worldwide search for this l…
News
Deep drilling in Nevada stops short for Rayrock
Rayrock Yellowknife Resources (TSE) has turned to a geophysical exploration program on the Dee property in search of further drill targets after deep drilling below the existing open pit gold mine fai…
Uranium pact ensures access to US
Uranium producers in the U.S. have reached agreement-in-principle with Washington on establishment of an acquisition fund for domestic uranium and the removal of any embargo on the use of non-U.S. ura…
Rouyn bulk test results
A 25,000-ton bulk sample from the Francoeur mine property graded 0.197 oz gold per ton, Rouyn Mining Resources (ME) says. Rouyn and Lac Minerals (TSE) share the property near Rouyn, Que., equally. Pro…
Dynatec head honored
The head of one of this country’s top mining contracting firms, William R. Dengler, has been awarded the honorary degree of Doctor of Science from Queen’s University at Kingston. A 1964 graduate in mi…
Gallant drill work returns low values
A two-stage diamond-drill program has been completed on the property of Gallant Gold Mines (ME), a Hughes-Lang company, in Villebon and Freville twps. in northwestern Quebec. In stage one, six drill h…
Vancouver Stock Exchange Hot hole boosts Huntington issue
What can only be described as a “barn burner” of a drill hole boosted the share price of Huntington Resources by $3.95 when it reopened this morning after a three-day trading halt. Weighing in at 2.0…
Camrico likely to reopen Goldlund mill at Sioux
Based on some highly encouraging recent drill findings, coupled with the results of the past year’s extensive drill program, Camreco Inc. (TSE) is giving serious consideration to re-opening the Goldlu…
Black Creek options Menora placer bets
A letter of intent to option two placer gold properties (the Squaw Creek and O’Donnell) from Menora Resources (ME) has been signed by COATS-listed Black Cliff Mines. The Squaw Creek property consists …
Lamaque reserves increasing Tundra Gold and Teck say
Partners Tundra Gold Mines (VSE) and Teck Corp. (TSE) continue to receive encouraging results from drilling on the No 4 plug near the former producing Lamaque gold mine at Val d’Or, Que. Tundra, which…
La Ronge area to attract $65m. spending in 1988
A 6-year exploration boom in the La Ronge area of northern Saskatchewan, has opened up a new gold mining camp. According to Claude Resources (TSE), one of the major players here, $65 million will be s…
FINANCING (June 13, 1988)
VANCOUVER Approach — min 600,000 offered @ 35 cents per sh. Claw — 600,000 sold for gross $127,400. Dundee — gross proceeds rec $270,000. Tungco — 700,000 shs offered @ 82 cents per sh. Trans As…