Calpine completes five drill holes
Calpine Resources of Calgary has announced the completion of five holes (2,251 ft) on the DD zone at the Eisler Lake, Sask., gold property. Complete results are not yet available. Hole No 1, drilled …
News
Montreal Exchange Barexor issues popular
Trading more than 1.7 million shares on the Montreal Exchange this week was Barexor Minerals, the activity attributed by a spokesman mainly to the naming of a new president of the company. Barexor, wh…
Encouraging results reported on two Crown Res. properties
Encouraging results have been reported by Crown Resource of Denver with joint-venture partner Echo Bay Mines on Crown’s Granny and Key gold and silver properties at Kettle River, Wash. High grade gold…
CIM presents many awards and medals at its major Toronto annual
Among the many awards and medals conferred at this week’s annual general meeting of the Canadian Institute of Mining and Metallurgy were the following: * Inco Medal, awarded to John C. MacIsaac, presi…
Metal Markets Canada hikes uranium output; global share almost one-
Canada increased its uranium production in 1986 to 30.4 million lbs U3O8 (up two million lb from 1985) and continued to lead the world in production, nuexco reports in its latest annual review. The co…
Westmin increases profit, plans gain
A sharp increase in net earnings was reported by Westmin Resources in its first quarter. Earnings reached $5.3 million compared to $1.6 million in the same period last year. Including a provision for …
Promising Moneta results
A 14,000-ft reconnaissance drill program has outlined two zones of gold mineralization, Moneta Porcupine Mines says. The work was completed on the company’s 100%- owned property in Michaud Twp., Ont. …
Copper seminars
Toronto’s Four Seasons Hotel on Avenue Rd. will be the site June 15-16 of the American Copper Council’s two educational seminars, Copper 101 and Copper 201. Featured speaker for the program will be Si…
Alberta Stock Exchange Cdn. Gold up on deal
Volume leader, Canadian Gold Resources continued to advance, adding another 20 cents to $2.10. Gold intersections reported from the company’s Dik-Dik property near Geraldton, Ont., were encouraging, …
“Operation Wawa” off and running for Galveston
A $1.5 million exploration program is scheduled to begin in the next few weeks on Galveston Resources’ Murphy Lake mine property in Ontario. Known as “Operation Wawa,” the joint venture includes Berle…
Marker active in Baie Verte
Alberta-listed Marker Resources has staked some 318 mineral claims covering 12,700 acres in the Fleur De Lys area of the Baie Verte Peninsula of Newfoundland. President Gordon Barron says this ground …
Profit on growth curve for Kerr Addison Mines
With two new high grade mines waiting in the wings, Kerr Addison Mines expects this year’s bottom line to look better than ever. This expectation is already unfolding as it should. Net earnings of $4….