Editorial Gold keeps looking better
We have long held to that old maxim that the stock market doesn’t lie. But we are now having some qualms — indeed concern. For a wave of euphoria has been sweeping the big markets of late both in Tor…
News
Potential looks sharp on Noranda/ Getty gold play
Results from the final three deep drill holes have sharpened the potential of the Tundra gold property held by Noranda Exploration Co. and partner Getty Resources. Located about 130 miles northeast of…
Query Longreach, Placer combine on platinum bet
I sent a $25 money order with my last letter asking for or hoping for some facts or truth about Longreach Resources. I haven’t heard or seen any story in The Miner about it. The story has to be soon. …
Explorco to earn interest in St Joe’s Manitou Lake bet
Explorco Properties, the wholly- owned subsidiary of Canadian Lencourt Mines has signed an agreement with St. Joe Canada Inc. to acquire a working interest in the Manitou Lake project in northwestern …
Golden Shadow bet drilled by Noramco
A total of 5,100 m of diamond drilling will be completed on the Central Patricia property held by Golden Shadow Resources. The work will be completed by Noramco Explorations, a private company control…
McAdam plans $7 million on two projects
Total expenditures this year on its two major properties, the former McWatters gold mine near Rouyn, Que., and the Spud Valley gold property on Vancouver Island, B.C. will amount to approximately $7 m…
Atlantic report Rosy picture for Nova Scotia gold
Optimism about Nova Scotia’s gold mining future was the keynote of the Nova Scotia Chamber of Mineral Resources’ fifth annual meeting, held recently in Halifax. A gold exploration update was featured,…
Alberta Stock Exchange Northfield up on results
Northfield Minerals continued to add to last weeks gain, adding 20 cents to $1.10. The company along with partner Northern Ranger Oil and Gas, can earn a 30% stake in the Larder Lake, Ont., area prope…
Sands to drill two Ontario bets
Vancouver-listed Sands Mineral Corp. has raised $275,000 for exploration work in the Pangis-Batchawana and Favourable Lake areas of northern Ontario. About $150,000 has been budgeted for drilling on t…
Royal Oak active at Maylac project
Alberta-listed Royal Oak Resources has entered into a flow- through private placement agreement with CMP 1987 Resource Partnership and Company Ltd. for proceeds of $325,000. As qualifying expenditures…
Malartic earnings unchanged from ’85
For the fourth quarter of 1986, Malartic Hygrade Gold Mines realized net earnings of $448,784 or 13 cents per share compared to earnings of $338,977 or 10 cents per share during the same period of 1…
Aur earnings improve
Aur Resources reports net earnings of $717,860 or 9 cents a share, for its fiscal year ended Sept 30, after provision for $700,000 in income taxes. This compares with a net loss of $159,450 in fiscal …