NORTEK ENERGY — Peter E. Von Sass appointed president and chief
officer.
News
Merietta Resource Corp has negotiated a private placement sale of
200,000 shares of the company’s capital stock at 45 cents per share. These shares will be designated as flow-through, the company says, and the proceeds will go to finance exploration on the company’…
Cornucopia renegotiates Red Mountain deal
A lease agreement held by Cornucopia Resources has been renegotiated, the company says. The agreement concerns the Red Mountain gold deposit in Colorado. Under the new deal, Cornucopia will receive a …
Metals Report: Labor relations seen improving
Labor relations in the mining industry are changing dramatically in the 1980s, largely a result of the changing economics of the industry. The 3-month old strike at Noranda’s Canadian Electrolytic Zin…
Drilling planned by Argentex in Puiseaux and Orvilliers twps, Que
A 25,000-ft diamond drilling program is scheduled to start in December on Argentex Resource Exploration’s property in Puiseaux and Orvilliers twps., Que. The drilling will test areas which yielded ano…
Bighorn Development Corp announces that First Exploration Fund
Limited Partnership has agreed to fund a surface diamond driling and shaft rehabiliation and underground bulk sampling program on the company’s Island Lake Gold project in Manitoba. Total flow-through…
Interlake plans to amalgamate
Interlake Development plans to amalgamate with two of its subsidiaries and a fourth company, all of which have interlocking management and hold jointly certain oil and gas property interests, and chan…
Kerr may spend close to $2 million on B.C. gold bet
A joint venture agreement between Kerr Addison Mines and International Coast Minerals could see the former spend $1.75 million on a gold property in the Kennedy Lake area on Vancouver Island. Coast Mi…
Earnings up once again for U.S.-based Battle Mtn.
Improving gold prices and operating efficiencies are the chief reasons behind the 60% profit boost found on the latest financial statements from U.S.-based Battle Mountain Gold. For the nine months en…
Fort Knox Gold and Inco busy near Kenora
Could you please bring me up-to-date on Fort Knox Gold. I understand Inco has taken larger control or interest in the company. Please verify. G.S. Toronto, Ont When Fort Knox Gold Resources was origi…
Mary Ellen options platinum propertyfile: ELLEN
Mary Ellen Resources has entered into an agreement with Eldor Resources, giving it the right to earn a 40% interest in Eldor’s gold-platinum property in northern Saskatchewan. Mary Ellen can earn its …
Mascot on target in B.C. converts part of financing
Work is progressing on schedule for the July, 1987, start-up of Mascot Gold Mines’ Nickel Plate open pit gold project, reports Chairman Peter Steen. The tailings dam is complete and the new power supp…