Cambior options Siscoe property from Maufort
Cambior has taken an option on Ressources Maufort’s Siscoe property in northwestern Quebec’s Val d’Or area. Cambior, which will act as operator on the project, can earn a 50% interest by completing tw…
News
Coxheath shares up on drilling news
Drilling on its Beaverdam property may be the reason behind the recent market activity in Alberta- listed Coxheath Gold Holdings Co. President Michael Riddell says gold-bearing zones have been interse…
Gordex adds to pit’s potential at Cape Spencer
Results from the first seven holes of a 29-hole drill program on Gordex Minerals’ Cape Spencer heap leach gold mine property in New Brunswick indicate good potential for increasing open pit ore reserv…
People (December 15, 1986)
THE BANFF CENTRE SCHOOL OF MANAGEMTENT- Fleicity N. Edwards named manager of Resource Management Programs.
Investment Comment Goldenbell gets the nod of Gardiner Watson
On the news that Goldenbell Resources has given the nod to production at its Pine Tree gold project in Mariposa Cty., Calif., its share price broke through the $4 level on the Vancouver Stock Exchange…
News in Brief (December 15, 1986)
Ameritex Resources has acquired 68 claims in the Casa Berardi area and 32 claims in the Chibougamau area, both in Quebec.
Holt-McDermott mine project gets green light from Barrick
The Holt-McDermott gold project has been flashed a green light by American Barrick Resources Corp. Located 30 miles north of Kirkland Lake, Ont., the new mine will pour almost 100,000 oz of gold per y…
Underground work for Eureka Resources
Underground test work including bulk sampling is planned by Eureka Resources for its Frasergold precious metals property in 1987. The company claims that a large diameter drill program this year upgra…
Deak, major shareholder in Toronto-listed Wilco
One of the oldest companies on the Toronto Stock Exchange has just received a financial shot-in-the- arm that will help accelerate its pace of exploration activity and property acquisition. Wilco Mini…
Johnson Matthey predicting ’86 platinum supply shortfall
Johnson Matthey, a British- based precious metals refiner and manufacturer, expects the supply of platinum to fall 60,000 oz short of demand in 1986, according to its 1986 interim review of the indust…
Editorial Fix flow-through’s Achilles heel
The following guest editorial from the Prospectors and Developers Association of Canada is based on a brief on flow-through share financing presented recently to the Minister of Finance in Ottawa. The…
Galactic gold output is less than expected
Galactic Resources says 42,000 oz of gold was produced from the company’s Summitville project in Colorado by mid-November. Production started June 5 and Galactic says a profit of $522,073 was posted f…