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.
News
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…
Audrey’s Mobrun project will be open pit operation
Treatment of a 20,000-tonne bulk sample from the Mobrun property near Rouyn, Que., is scheduled to start by the end of the month, Audrey Resources says. Audrey, which has the right to earn a 50% inter…
Getty gold exploration has $4-million backing
Getty Resources has filed a preliminary prospectus for a public offering of common shares and purchase warrants. The company’s president and chief executive officer, Richard C. Atkinson, claims it’s e…
La Teko results very high grade
Some very high grade gold values have been encountered in a drill program at La Teko Resources’ Tillicum Mountain property near Nakusp, B.C. The project has a reputation for generating bonanza-type re…
Further drilling for Achilles at Casa Berardi
Vancouver-based Achilles Resources is going to carry out a second-phase follow-up program of exploratory drilling on its 69-claim Casa Berardi gold property in Estrees twp. which it holds under option…
Platinum property for Cream Silver
Geology favorable for hosting platinum and chromite mineralization has been mapped on claims held by Cream Silver Mines in the Lac des Iles area. Located 50 miles north of Thunder Bay, Ont., the Lac d…