News

Recognizing that a stronger Canadian dollar will lead to lower interest rates, investors are scurrying into equities — both blue chip and speculative. Market volume on Vancouver has been climbing ste…

Mary Ellen Resources has signed a letter of intent with the Saskatchewan Mining and Development Corp. (SMDC) whereby Mary Ellen and Lenora Explorations have agreed to joint venture a 17,000-acre Lodge…

Based on 15 intersections from the Tonawanda property in northwestern Quebec, Novamin Resources has determined that the newly discovered zone has an average grade of 0.25 oz gold per ton across 9.9 ft…

A $1-million flow-through- share-funded exploration program will be conducted this year on two properties held by New Beginnings Resources. At the 59-claim Oskabukuta property east of Hemlo, Ont., New…

With sufficient oxide reserves for a 5-year mine life, Canamax Resources is completing a feasibility study on its Ketza River project where production could begin in early 1988. Located south of Ross …

Exploration has led to the identification of six gold mineralized zones striking across ground held by Can-Mac Exploration, the company says. The property is located in Davis Twp., east of Sudbury, On…

Diamond drilling is under way with a second rig scheduled to arrive on Pan East Resources’ Fifteen Mile Stream gold property in Nova Scotia by operator Greenstrike Gold Corp. The goal of the 3,000-m p…

Eureka Resources reports an independent evaluation of 1986 exploration results on the company’s Frasergold precious metals project in central B.C. has confirmed upgrading of results and tonnage and gr…

Thanks largely to its acquisition of Kidd Creek, revenues for Falconbridge Ltd. soared to $1.1 billion in 1986, compared to revenues of $890 million in the previous year. But while zinc and gold reach…

With the evaluation of last year`s exploration data completed, Energex Minerals reports an upgrade in mineral inventory at its Toodoggone, B.C. property to approximately one million tons grading 0.20 …

The 200-claim property of Ram Petroleums in Puiseaux and Brouillan twps. in the Casa Berardi area of Quebec, has been optioned to Granges Exploration. Granges expects to start a diamond drill program …

Golden Rock Explorations has put three drill rigs to work on its Chibougamau property in northwestern Quebec following a financing that raised more than $2 million. The company says six holes have cut…