Production called for at Cheni’s Lawyers bet
The preliminary prospectus of Cheni Gold Mines outlines in considerable detail its plans for the Lawyers property north of Smithers, B.C. (N.M., April 13/87). A report by Wright Engineers recommends t…
News
Storimin pulls fine drill hole at Moss Twp.
A big width of ore grade material has been intersected in a rather exciting diamond drill hole put down by Storimin Exploration at its Moss Twp. gold property 70 miles west of Thunder Bay in northwest…
Letter to the Editor Asbestos ban criticized
The Asbestos Institute has demonstrated clearly beyond any reasonable doubt that the data and reasons supporting the Environmental Protection Agency’s (EPA) proposed ban on asbestos in the U.S., is ou…
News in Brief (May 04, 1987)
Greenstone Resources has acquired a gold property in Costa Rica with both open pit and underground reserves. The company is purchasing a 100% working interest in the El Recio project for $165,000(US) …
Rio Algom is plagued with its potash problems
Potash problems have caught up with Rio Algom Ltd. and have taken a 33% bite from the company’s bottom line in this first quarter. And it is enough of a bite that Chairman and ceo George Albino warned…
Vista flow through to raise $5.5 m
Private placements totalling $5.5 million have been arranged by Vista Mines. The money will be issued in 1987 and 1988 in exchange for Vista flow-through shares which will be taken up by two flow- thr…
Achates completes sampling program
Recently completing a reconnaissance basal till sampling program in the central part of its 4,940-acre Vanier-Disson property, located 60 km southeast of the Casa Berardi area, was Achates Resources o…
McIntyre loss after coal disposal
McIntyre Mines reports a 1986 net loss, after extraordinary items, of $34,323,000, or $9.42 per share, compared with a loss in the previous year of $26,255,000, or $7.23 per share. The extraordinary i…
Citadel results on Wawa drilling
A program of 87 surface and underground diamond drill holes totalling 25,117 ft has been completed by Citadel Gold Mines on its four Wawa, Ont. area properties. At the former producing Surluga gold mi…
Goldhunter expects Gunner to drill soon
A diamond drill program is expected to start shorty on Goldhunter Explorations’ Federal- Kirkland gold property near Kirkland Lake, Ont. Funded by Gunnar Gold, which has the right to earn an interest …
Multinational gets $1m. from Japan
A large Japanese trading house will provide $1 million for exploration and development of Multinational Resources’ Toodoggone gold property in northwestern B.C. Two Canadian subsidiaries of Nissho Iwa…
Montreal Exchange Onyx, Oasis active
Two companies belonging to Groupe Minier of Val d’Or, Onyx Resources and Oasis Resources, each traded more than a million shares during the past week on the Montreal Exchange. Onyx, which closed up 10…