News

Tight-lipped Sigma Mines permitted Vior to release results of a super hole drilled on Vior’s Ligneris Twp. property. Hole 73 cut 40 ft grading 0.35 oz gold per ton, although results from some check as…

Drilling by equal partners Stroud Resources and Chevron Minerals has intersected gold mineralization 1,600 ft northwest of known mineralization on the Hislop property near Ramore, Ont. Located northwe…

Two closely associated companies in the I.C. Christopher camp — Honcho Gold Mines and Baden Explorations — have reached an agreement with Beaufield Resources Inc. which will see the latter carry out…

Mountain- West Resources says the 1986 agreement on its Elkhorn property with Homestake Mining has been restructured. The new agreement will allow Homestake to earn a 50% interest by spending $3 milli…

Queenstake Resources has optioned its Argus gold property near Bakersfield, Calif., to Childs International, a subsidiary of an Australian mining group. The company will be able to earn a 60% interest…

Goldpost Resources, which recently hit a good hole on its Hislop East property in the Timmins area of Ontario,(N.M., Dec 22/86) and reports further encouraging results on the property, says that it is…

A special meeting of United Siscoe Mines to vote on a proposal to acquire a controlling interest in American Barrick Resources has been postponed indefinitely. A special meeting had been scheduled for…

Naneco Resources continued to add on to last week’s gains, picking up another 30 cents to $2.30. The company is hoping to make a production decision this year on its Johnson Gulch gold property in So…

As much as $20-million worth of stock in Hemlo Gold Mines, one- fifth of the shares sold by Noranda Inc. in Europe, came back to Canada within two days of the initial public offering, estimates one in…

A study has been commissioned by Franco Nevada Mining Corp. to determine the feasibility of placing the Goldstrike and Post claims located in the Carlin area of Nevada into a U.S. Royalty Trust, says …

A proven, high grade magnesite ore deposit on and adjacent to the Deer Trail mine property in Stevens Cty., Wash., has been rediscovered, L. George Reynolds, chairman of Cortez International, has anno…

A follow-up diamond drill program is scheduled to start this month on X-Cal Resources’ Snowbird gold property in central B.C. The 5,400-ft drill program was prompted by encouraging results derived fro…