News


Lyon Lake enters into agreements on 3 properties

Three agreements concerning Quebec properties with gold- bearing potential have been entered into by Lyon Lake Mines. In consideration of a lump sum, Lyon has acquired a 100% interest in 158 claims in…


Plant start-up cuts earnings for Steep Rock

Steep Rock Resources reports net earnings of $83,600 in the first quarter this year, compared with net of $133,600 for the similar period in 1986. The earnings drop, the company says, is attributable …


General News & Comment Blasting conference

The third annual Pennsylvania Blasting Conference and Exhibit will take place Nov 12 and 13 at the Keller Conference Centre on the Penn State campus in the U.S. Papers will be presented on current dev…



Chevron, Stroud hit new zone

Another mineralized zone has been discovered by partners Chevron Minerals and Stroud Resources on their Hislop gold property southeast of Timmins, Ont. The latest showing comes 1,300 ft northwest alon…




O’Leary-Malartic lets claims lapse

Following completion of a geophysical program on a Mazarin Twp., Que., property owned by O’Leary-Malartic Mines, the company allowed its claims to lapse, O’Leary-Malartic says in its report to shareho…


McChip exploration to continue in 87

Despite a drop in international oil prices which reduced the company’s revenues from $589,745 or 20 cents per share in 1985, to $215,598 or 7 cents per share during fiscal 1986, McChip Resources plan…


Rayrock first quarter up, sees dip in gold output

Production this year from the three open pit gold mines in Nevada operated by Rayrock Yellowknife Resources could decline slightly from last year, President David Crombie said following the annual mee…


Nor-Quest eyes Costa Rican gold

An agreement to explore and purchase a mining concession 8 sq km in size in the Juntas area of Costa Rica has been entered into by Nor-Quest Resources. Under the direction of Tim Coates, the company’s…


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