Zahavy beginning to boost reserves
Some preliminary results have been released by Zahavy Mines from its underground drilling program at its gold-silver-lead-zinc property in the Favourable Lake area of northwestern Ontario. Among the b…
News
Placer Dome circular gives merger reasons
Further details on the proposed merger of Placer Development, Dome Mines and Campbell Red Lake Mines are now available in a half-inch-thick information circular that is being mailed to shareholders. L…
Drilling under way at B.C. gold bet
More than 20 holes, representing in excess of 10,000 ft, have been drilled to date on the snip gold prospect in the Ikut River area of B.C., Delaware Resources reports. The first-phase drilling has co…
METAL MARKETS Growth opportunities for magnesium
The times are changing for magnesium, whose price movements have contrasted sharply with aluminum, the metal which provides magnesium’s chief market, Roskill Information Services says in a recent rele…
Van Nest acquires Gateford Resources
COATS-listed Gateford Resources recently announced the private placement of two million common shares and one million warrants to purchase common shares for an aggregate consideration of $400,000 to V…
THE EDITORIAL PAGE Science fiction, American style
Summertime is a good time to relax in the sun and do some good reading. But as you know, it’s sometimes difficult to separate the fact from the fiction. Take a recent feature story in America’s scienc…
Asamera Minerals files prospectus
Calgary-based Asamera Minerals has completed an initial public offering through Midland Doherty Ltd. and Dominion Securities Inc. Under the terms of the offering, Asamera has agreed to sell 2.5 millio…
People (July 27, 1987)
FOUR SEASONS RESOURCES — Paul W. Richardson appointed senior geological ** ** consultant. **…
Denison stronger despite 1987 earnings drop
Despite a drop in 1987 first half earnings, Denison Mines continues to strengthen its financial position. The company reported consolidated net earnings for the six months ended June 30, 1987 of $9,03…
Carolin options B.C. property to Dome Explor.
An agreement has been signed whereby Carolin Mines will option its gold property near Likely, B.C. to Dome Exploration. Under the agreement, Dome can earn a 60% interest in the prospect for an expendi…
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…
Interaction drilling for Carlin-type sold
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…