Montreal Exchange Drilling pushes Aur up
Ore-grade gold values in 18 of 22 holes drilled on Aur Resources First Canadian property near Val d’Or, Que., boosted the company’s stock by about 13% during the week to close up 63 cents at $5.38 on…
News
Antilles concession going to Monte Carlo
Mining rights for Aruba are being negotiated by Monte Carlo Gold Mines. Aruba is an island in the Dutch Antilles. A petition for a 3-year lease to explore the island was accepted by the Antillian gove…
Record production reached by Pegasus
Pegasus Gold says that 1986 gold production “reached record levels,” and exceeded the previous high by almost 20%. According to James Foreman, president, over-all production was 92,000 oz gold and 218…
Annual Coal Review 1987 COAL REPORT FORDING
With its head office in Calgary, Fording Coal employs about 1,300 personnel in Alberta and British Columbia. Established in 1968 to devel op coal re serves in the Fording River Valley, the company bec…
Seadrift to drill on three prospects LD
Vancouver-based Seadrift International Exploration has entered into an agreement to acquire 100% of the outstanding shares of Macanda Mine Exploration, a private Ontario company, from its three shareh…
Alberta Stock Exchange Alberta Stock Exchange Noheco moves up 30
Good trading in shares of Naneco Resources added more than 30 cents to the issue, which was up to $2. Naneco expects to make a production decision this year on the Johnson Gulch project in South Dakot…
The Graduating Class 1987 GOLD REPORT STAR LAKE
The first “baby” of the Canadian gold mining year was born in north ern Saskatchewan. Located 115 km northeast of La Ronge, the Star Lake mine poured its first gold on Jan 2. In fact the gold pour is …
Hemlo Gold’s initial offering largest outside South Africa
Morgan Grenfell Securities of London says it expects Hemlo Gold Mines’ initial public offering will be the largest of any non-South African gold company. Although the issue has not been priced yet, th…
The Graduating Class 1987 GOLD REPORT BEACON
Although the company hadn’t made the announcement by presstime, D’Or V al Mines will almost certainly be starting production this year on its Beacon No.2 mine, just east of Val d’Or, Que. The mill is …
Duration to explore Theresa gold bet LD
A detailed exploration program is planned on the Theresa Gold Mine property, south of Longlac, Ont., by Duration Mines. The property consists of two mining leases: 18 mining claims totalling 850 acres…
The Graduating Class 1987 GOLD REPORT BELL CREEK
While it may not be a Dome or Hollinger, it’s going to be a good little mine for some years to come. The Bell Creek is the third new mine to be gin produc tion in the Timmins camp in the 1980s and the…
Glamis plans bulk test at Amir’s Gulch property
A 10,000-20,000-ton bulk leach test is scheduled to start this spring on the Buffalo Gulch gold deposit, shared by partners Glamis Gold and Amir Mines. Located in central Idaho, the large property inc…