Tax Angles AMT effects on flow-through
Bill C23, tabled in the House of Commons on Nov 7, contains measures to implement the alternative minimum tax (AMT) announced in December, 1985. When this bill is passed, the AMT measures will become …
1986
Marcus control goes to private investor
Control of Consolidated Marcus Gold Mines will pass to a private investor, Wilanour Resources says. Wilanour, which has a 65.5% interest in Marcus, agreed to sell the interest for $40,000. Before sell…
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…
Equinox deal on Nev. mine looks like an asutute move
The totally leveraged purchase by Equinox Resources of a 23.6% interest in Cominco’s Buckhorn mine property in Nevada has proven to be an astute move. Purchased for $1.7 million(US) the property is ex…
Atlantic Report Exploration disappointing in N.B.
Consulting geologist Peter M. Dimmell, president of the New Brunswic k Prospectors and Developers Association, is disappointed with the current state of minerals exploration in that province. “If it w…
New zone holds promise Three drills, 30,000 ft program Storimin-
Two new gold zones have been encountered by Storimin Exploration on its joint venture with Tandem Resources at Moss Lake, 70 miles west of Thunder Bay in northwestern Ontario. Thirty holes totalling 1…
Till samples show delicate gold grains on Douay Twp. bet
Overburden drilling funded by Vior Inc. on a property held jointly by Inco Ltd., the operator, and Cambior in northwestern Quebec’s Douay Twp., indicated three areas of anomalous heavy mineral concent…
Baroque options antimony bet, drilling to test gold potential
Baroque Resources has completed an option agreement with Homestake Mineral Development giving the company the right to earn a 51% interest in Homestake’s Miminiska antimony deposit. Located west of Fo…