Pundata acquires Nevada properties
A large block of ground consisting of 267 claims has been acquired by Pundata Gold Corp. in Nevada. Located 30 miles southwest of Las Vegas, the property covers several old workings which focused on c…
News
Seabright Resources private placement
A private placement by way of an offering memorandum has been announced by Seabright Resources. The private placement consists of a minimum of 100 units and a maximum of 600 units with a minimum subsc…
New clearing system for metal exchange
The London Metal Exchange will introduce a new clearing system May 29. Changes to the current form of trading will include the introduction of a single monthly prompt date for 12 months beyond the exi…
Muscocho encouraged at Magnacon project
Exploration drifting underground at the Magnacon joint venture in the Mishibishu Lake area of northern Ontario is continuing to turn up gold values on the 300-ft level. In the joint venture, Muscocho …
Troymin encounters new mineralized zone at Mon bet in N.W.T.
An 11-hole diamond drill program totalling 1,589 ft has been completed by Alberta-listed Troymin Resources on its recently optioned Mon group of leases located about 30 miles north of Yellowknife, N.W…
People (February 16, 1987)
CANAMAX RESOURCES – Kenneth S. Dalton appointed a director succeeding C. John Sullivan.
Drilling under way on Diana, CFC bet
Drilling has begun on the Queylus Twp., Que., gold property held under option by Diana Resources. Project operator Corporation Falconbridge Copper plans to spend $427,255 on the property following up …
High grade drilled on Jilbey’s Fontana
A high grade section has been drilled by partners Jilbey Industries and Bay Resources and Services on the Fontana property in Duvernay Twp., Que. Hole 6 was spotted 1,600-ft northwest of the Fontana …
Davidson Tisdale officers come under fire at meeting
The fiery tartan colours of clan Stuart have finally come back to haunt the board of directors of Davidson Tisdale Mines. At a special meeting of shareholders, mining promoter Charles Stuart, bedecked…
Coxheath underground on Nova Scotia gold property
An Alberta-listed junior mining company, Coxheath Gold Holdings, made an important tactical move in 1986. Early in the year, the company’s technical advisory committee recommended they concentrate the…
MRI finalizes rights offering
The terms of the rights offering of Mineral Resources International (MRI) to the holders of its common shares has been finalized. Under the terms of the rights offering fixed by the board of directors…
Vancouver Stock Exchange VSE index nears all-time high
The Vancouver market hasn’t been quite as volatile as New York and Toronto but it’s been climbing steadily and is now within 18 points of its all-time high. Lower interest rates, stable gold prices, a…