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…
1986
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…
Coxheath shares up on drilling news
Drilling on its Beaverdam property may be the reason behind the recent market activity in Alberta- listed Coxheath Gold Holdings Co. President Michael Riddell says gold-bearing zones have been interse…
Gordex adds to pit’s potential at Cape Spencer
Results from the first seven holes of a 29-hole drill program on Gordex Minerals’ Cape Spencer heap leach gold mine property in New Brunswick indicate good potential for increasing open pit ore reserv…
United Reef pulls platinum values at Nickel Offsets
Samples taken from the nickel- copper Nickel Offsets property by United Reef Petroleum are yielding platinum group metal (pgm) values as well as gold values. Among the samples taken from the mine dump…
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…
Sudbury Contact plans drilling
A total of 36 reverse circulation drill holes has been completed by Sudbury Contact Mines in the Kirkland-Larder Lake area of Ontario. The program was to locate anomalous gold areas and define targets…
Nexus gets option
Nexus Resource Corp. has been granted an option by Westmin Resources to earn a 50% interest in its Debbie property located six miles east of Port Alberni on Vancouver Island. The property, which consi…
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…
People (December 15, 1986)
THE BANFF CENTRE SCHOOL OF MANAGEMTENT- Fleicity N. Edwards named manager of Resource Management Programs.