News

Energex correction

A page one story in last week’s issue on Energex Minerals incorrectly stated the company had a 1986 budget of $24 million for exploration on its large land position. That figure should have read $2.4 …


Oracle to drill at Opapimiskan and Agutua Arm

Oracle Resources has signed an agreement with First Exploration Fund 1986 for issuance of 166,667 flow-through common shares at $3 per share. The offering is underwritten by Merrill Lynch Canada and D…



Letters to the Editor Government wants moneyr

Two sentences in your recent editorial on a clear energy policy vivi dly spell out the problem with governments: “To us, the ideal would be to let the market dictate all pricing structures,” and “What…


Flanagan cuts gold values on Chibougamau property

Drilling on Flanagan McAdam Resources’ Gwillim Lake property in the Chibougamau area of northwestern Quebec has intersected significant gold values, the company says. The latest hole, No 86-4, returne…



Beaufield options Falconbridge bet

A joint venture agreement has been signed between Falconbridge Ltd. and Beaufield Resources which gives the latter company the right to earn a 25% stake in 897 claims owned by Falconbridge. Located 30…


Golden Giant mine exceeds expectations

The Golden Giant gold mine in Ontario’s Hemlo gold camp continues to produce at levels exceeding predictions, reports Golden Sceptre Resources . The first mine in the famed camp to produce gold, pour…


Bresea/Ayrex plan drilling

Drilling is scheduled to start this month by operator Bresea Resourc es and 50/50 joint venture partner Ayrex Resources on their 324-claim Casa Berardi property. Located in Desmazures and Cavalier twp…


Lacana expects to double gold production by ’89

During the next two to three years Lacana Mining Corp. hopes to more than double gold production from the current 60,000 oz per year to more than 120,000 oz per year, Dr William H. Gross, chairman and…


Encouraging results from Goldstack/Sullivan bet

A new zone is shaping up in the central part of the Goldstack Resour ces’ Dubuisson Twp. property, reports President Herve Drolet. Located about seven miles west of Val d’Or Que., the property contain…


Pioneer reactivating an Idaho gold mine

Almost everybody wants higher gold prices, but to profit from them you need a producing mine — or at least one that is ready to start up. The Stibnite mine 93 miles northeast of here fits into the la…


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