Royal Oak working on Maylac property
A dewatering program is under way at the Maylac property held by Royal Oak Resources. Located three miles north of Geraldton, Ont., the Maylac mine saw limited production in 1958 producing 1,520 tons …
News
Handbook appeals for updated maps 1987-88 edition
The staff of the Canadian Mines Handbook is currently in the process of updating old maps and compiling new maps for the 1987-88 edition, scheduled for publication in July. To ensure accuracy, holders…
High grade hit on Treminco bet
Underground drilling at Treminco Resources’ Tom property near Yellowknife, N.W.T., has intersected a previously unknown vein. An assay of 0.46 oz gold was reported over 8.4 ft from the new structure w…
Denison realizes profit of $44.6 million in ’86
It was a tough year for Denison Mines in 1986, perhaps the toughest ever, but judging by the bottom line the company met adversity head on and came out a winner. Drastically lower oil prices and ongoi…
Report from Calgary Bighorn bullish on gold bet
An up-to-date information release by Bighorn Development Corp. paints an encouraging picture for the development of the company’s Island Lake gold project in northern Manitoba. Further rehabilitation …
Alberta Stock Exchange Seabee moves Claude
Several issues improved during the week as gold continued to hang on to recent gains. Claude Resources was one of the best performers, adding 40 cents to $4.70 on good volume. A greenlight has finally…
People (January 26, 1987)
TECK CORP. — William R. Bennett appointed a director.
Drilling confirms high grade zone on Silbak property
Underground diamond drilling at Westmin Resources’ British Silbak property has confirmed and extended the high grade precious metals mineralization discovered earlier by surface drilling (N.M., Dec 15…
New silver producer likely at Cobalt 5 million spent to date
(Staff) — “A nice little mine with big potential” is the way Mine Manager Richard LaPrairie currently sees what is known here as the Hellens Eplett operation — a joint venture of Silverside Resource…
Sharpe options its claims to Stratmin
Sharpe Energy & Resources has entered into an agreement with Stratmin Resources. Under the terms of the deal, Stratmin will spend $175,000 on Sharpe’s 47 claims in Aloigny Twp., Que., in order to earn…
Gunsteel looks to restart nugget gold production
Gunsteel Resources — says the underground exploration program at its Nugget gold property near Salmo, B.C., is progressing with very positive results. The present work is being concentrated in the ar…
Glitter Gold to bulk test Rea Gold’s Discovery zone/ LDql/
Bulk sampling, metallurgical and milling tests are slated for Rea Gold Corp’s Discovery zone in the Adam’s Lake area of B.C. Under an agreement with Rea, Vancouver-listed Glitter Gold Mines has been g…