Goldhunter planning drill program
A 6,000-ft diamond drilling program is expected to start on the Federal Kirkland gold property controlled by Goldhunter Explorations. Located near Kirkland Lake, Ont., the seven claim property adjoins…
News
United Keno Hill Mines reports a loss of $1,594,00 or 53 cents per
the first nine months of 1986 compared to a loss of $1,516,00 of $1.67 per share for the same period in 1985. The company says it had an operating profit of $720,000 for the 9-month period ended Sept …
Three quarters of profit Noranda caps red ink flow
Keeping a tight lid on the red ink for the third straight quarter, Noranda Inc. has emerged with a profit of $52.9 million on revenues of $2.6 billion for the recent 9- month period and appears to be …
Gold Standard Resources has changed its name to Consolidated Gold
Resources on the basis of 1 new for 5 old shares.
Steep Rock Resources says Falconbridge Ltd. has terminated its (November 03, 1986)
agreement on Steep Rock’s King Bay gold property in the Sturgeon Lake area of Ontario.
Packard Resources has changed its name to Conpac Resources Ltd. on
1-new-for-each-5-old shares.
Augmitto plans underground work
Additional underground exploration is expected to start shortly on Augmitto Explorations’ gold property near Rouyn, Que. The work is being funded by a unit offering completed on Oct 15. The undergroun…
Mono Gold estimates reserves at Madoc
With a total of 26,141 ft drilled in 80 holes on its Bannockburn property near Madoc, Ont., Mono Gold Mines has calculated a provisional estimate of in-place reserves of 212,729 tons of 0.288 oz gold …
Fund managers relish chance to grill top mining executives
There were more pinstriped suits in the room then you’d see at Harry Rosen’s when Gardiner Watson Institutional, a division of Dean Witter Reynolds (Canada), held its annual mining forum in Toronto re…
Vancouver Stock Exchange: Gold’s weakness pulls down market
Wednesday close, Oct 29 The Vancouver market inched lower today as gold tumbled towards the $4 00 level despite conflicting economic signals in the U.S.. Gold’s current weakness has been attributed t…
Underground for Tandem at Moss Twp. gold project
Plans are being formulated for an underground test of the Tandem Resources-Storimin Exploration joint venture project in Moss Twp., 70 miles west of Thunder Bay in northwestern Ontario. Representative…
With ‘$24 million financing Eastmaque to produce in ’87
Armed with more than $26 million, the bulk of which came via a $24 million units offering completed by London-based James Capel & Co., Eastmaque Gold Mines expects to be producing gold by the first qu…