Mercator drilling base metals claims
A drill program is under way on a base metals property held under option by Mercator Resource Corp. The company is putting down two holes on the Sentinel Mountain property held under option from Texas…
News
Bulk sample ups Audrey revenues
Revenue from the milling of the bulk sample from the Mobrun property near Rouyn, Que., has boosted third quarter financial results for Audrey Resources. For the nine months ended Dec 31, revenue total…
Results “not conclusive” on Cons TVS platinum bet
The first results are out on the diamond drilling program on the South American platinum bet controlled by a Consolidated TVX Mining Corp. company called CNM. Though TVX President Ian W. Telfer says a…
Two additional zones found by Parquet Res.
Two additional gold-bearing zones have been discovered in the current diamond drilling program on Parquet Resources’ 2,000-acre gold property in Courville Twp., in the Val d’Or area of Quebec. The H z…
Sigma cuts 40 ft grading 0.35 gold on Vior property (February 09, 1987)
Hole 73 drilled on Vior Mining Exploration’s Ligneris Twp. property in northwestern Quebec has returned 40 ft grading 0.35 oz gold per ton says President Claude St. Jacques. Other economic values were…
Exploration money for Falconbridge
Falconbridge Ltd. says it will raise $13.2 million in flow-through funds to finance Canadian exploration expenditures on the company’s properties this year. Falconbridge says it has an agreement with …
A new junior mining policy OSC expected to approve most of
Chances are good that most of the Thompson committee’s proposals for a new securities policy for resource financing in Ontario will be approved, according to the general counsel for the Ontario Securi…
North American Metals sees production potential
The Golden Bear project near Dease Lake, B.C., is proving to be one of the more exciting exploration plays in the province. North American Metals is conducting a major underground drilling program the…
Wide zone trenched on Can America bet
Encouraging gold values have been received by Can America Precious Metals on a property held under option from Cochrane Oil & Gas. Located in the Manitou Lakes area in northwestern Ontario, the proper…
Gibraltar has loss despite cash flow
Although the company reported a positive cash flow, Gibraltar Mines posted a net loss of $4.6 million or 40 cents per share in 1986, compared to a restated loss of $246,000 in 1985. A. J. Petrina, pr…
Durham to acquire Oakwood shares
Durham Resources has agreed, subject to certain conditions, to acquire 1,292,735 common and 438,725 Class A shares of Oakwood Petroleums from Brian S. Ekstrom, Oakwood’s president and chief executive …
Obituary (February 09, 1987)
Henry L. Hill, a prominent consulting engineer and past president of the B.C. & Yukon Chamber of Mines, died recently in Vancouver in his 80th year. He founded his own consulting firm in 1944 and reti…