Decline gets green light at Newhawk B.C. bet
Formal approval has been received by Newhawk Gold Mines for an underground decline at its Sulphurets property in northwestern B.C. As expected, Lacana Mining has agreed to fund its share of the projec…
News
Sparton seeks funds
A prospectus filing is being made in Quebec, New Brunswick and Nova Scotia which, if completed, will net Sparton Resources up to $1.3 million for ongoing exploration programs. The bulk of the financin…
Toronto Stock Exchange Golds surge ahead on rising bullion price
Wednesday close, Sept. 3 With gold bursting through the $400(US)-an-oz level on commodity markets this week, gold shares have likewise surged ahead. After a spectacular advance of 206.97 pts yesterday…
Vancouver Stock Exchange Gold prices push stocks higher
Wednesday close, September 3 Overall it’s been a good week for Canadian gold producers. Markets haven’t done too badly either, with gold’s ascent to more than $400(US) pushing many stocks higher. Anal…
Normine outlines reserves at its Idaho mine
Normine Resources has outlined 2.8 million tons of reserves grading 0 .036 oz gold per ton at its Friday-Deadwood Mountain joint venture in Idaho. These reserves are classified as drill-indicated and …
News in Brief (September 08, 1986)
Share purchase warrants of Placer Development posted for trading on the TSE on May 3, 1983, in connection with a unit offering by prospectus dated March 15, 1983, expire on Sept 30, 1986.
Alberta Stock Exchange Trading slows down
Wednesday close, Sept. 3 Trading was inactive this week in Calgary with just 2,949,700 shares exchanged. American Oakwood Energy was the most active issue, trading nearly 350,000 shares at 23 cents . …
New Falco Copper team keen on Winston Lake
Production by early 1988 is what Ian D. Bayer, newly-appointed president and chief executive officer of Corporation Falconbridge Copper (CFC) foresees for the rich zinc orebody at Winston Lake, near S…
Aurun Mines reaches agreement with Placer for Huntington
Aurun Mines Inc., a wholly- owned subsidiary of Aurun Mines Ltd. has reached an agreement with Placer U.S. regarding Aurun’s Huntington gold prospect on Little Bald Mountain, Nev. Under the terms of t…
It’s a bad move to relocate the OGS
The following guest editorial is from Dr E. G. Pye, former director of the Ontario Geological Survey. Decentralization of government services has been a cornerstone of Ontario government policy sinc…
HudBay over half way on exploration shaft
Hudson Bay Mining and Smelting reports it is on schedule with an exploratory shaft at its nickel ore discovery beneath Namew Lake, 40 miles south of Flin Flon, Man. Diluted recoverable reserves at the…
Coniagas Mines
The Coniagas Mines has purchased six claims from Hillsborough Exploration located in Pifher Twp., near Beardmore, Ont. The deal is subject to approval of Hillsborough shareholders. In a related transa…