Average yield (November 10, 1986)
The average yield on mining stocks on the Toronto Stock Exchange as compiled by Moss, Lawson and Co. on prices of Oct 24 were up 0.05% at 1.93%. Last month this group yielded 1.88%, while one year ago…
1986
Suncor exploration
Suncor has completed an exploration program on Treasure Island Resources’ Spider Lake property in the Northwest Territories. The property is located in the Indin Lake greenstone belt and the company d…
Jetta Resources has changed its name to Security Environmental
on a basis of 1 new for 2 old shares and is seeking regulatory approval to merge with a California corporation of the same name.
The shares of Resource Capital International started trading on
Stock Exchange on Monday, Nov 3, under the stock symbol RC. There are 3,530,000 shares issued and outstanding. Based in Bermuda, the company invests in the securities of resource issuers, primarily in…
Teck active in Wenatchee area
A $300,000(US) exploration program is under way on the 574-acre property in the heart of the Wanatchee gold belt area of Washington which includes part of the old Lovitt mine that produced some 400,00…
Zenmac suing Cominco over offer to buy Vestgron shares
Zenmac Zinc has issued a statement of claim against Cominco Ltd. alleging that Cominco did not tender its 62.5% interest in Vestgron Mines into the Zenmac offer of 65 cents per share for all the shar…
News in Brief (November 10, 1986)
The shares of Summit Resources were posted for trading on the Toronto Stock Exchange on Oct 29. The company is involved in the exploration, production and development of petroleum and natural gas rese…
A 1,200-ft drill program is planned to evaluate the vein system on
Rock Mines’ claims in the southeast corner of Grenfell Twp. in the Kirkland Lake area of Ontario. The company says gold was first discovered on the property in 1917 and over the years various work was…
Production in 1987 seen by Blue River
Blue River Mines says it expects to start production and sales next year at the B. C. calcite deposit it has optioned from Ekaton Industries. Blue River says mapping and sampling have confirmed previo…
Queries: Silver Bar active, in Cobalt area
Could you please bring me up-to-date on Silver Bar Mines. I understand the company has been re-activated and has property in the Cobalt area of Ontario. K.O. Formosa, Ont. Your information is quite ac…
Minefinders Corp. extends gold zone on East Group bet
Drilling on Minefinders Corp.’s East Group property in northwestern Quebec’s Dubuisson Twp has extended the strike length of the gold-bearing shear zone discovered earlier in the year. Recent results …
Big jump in reserve figures at McNellen/Muscocho bet
McNellen Resources reports a nearly 60% increase in the calculated reserve figure for its jointly- owned Magino gold project, about 60 miles east of Hemlo, Ont. Muscocho Explorations is McNellen’s 50/…