1986


Montreal Exchange Syngold backs off

After setting new highs for the past two weeks, Syngold Exploration came back down to earth with a thud this week. Once again it was the most active trader on the Montreal Exchange with 1,117,600 shar…


Northfield and Armistice plan Larder Lake area work

Alberta-listed Northfield Minerals could acquire an interest in anot her strategic piece of ground in the Larder Lake area next to the Virginiatown gold mine operated by Kerr Addison Mines. Shareholde…


Giant Bay to test-mine Gordon Lk. gold deposit

Some 10,000 tons of mineralized rock grading 0.62 oz gold per ton wi ll be mined and processed at the Gordon Lake property near Yellowknife, N.W.T., early next month, according to Claus Jensen, presid…


X-Cal drilling on Snowbird bet

A 10-hole, 3,000-ft diamond drilling program has been completed on the Snowbird property in the Omineca mining district of B.C. by X-Cal Resources. The drill program indicates that the Snowbird gold/a…


Golden Pond will comply on share tradeback

Golden Pond Resources will comply with a Quebec Superior Court decision ordering it to trade back all the shares of A-Pri-Or Mining Exploration it had acquired since June 27 in exchange for Golden Pon…


Editorial The Christmas spirit

Last week we carried a story on this page about Christmas in a northern mining camp in the early 1930s, in which painted macaroni and tinfoil from tobacco tins served as tree decorations, and partridg…


Owl Creek West results awaited

It seems that just about everyone is waiting for additional drill results on the Owl Creek West project including partners Syngold Exploration and Kidd Creek Mines. At press-time, there were no furthe…


Adjustment in tax rates needed by coalindustry

The Coal Association of Canada has recommended major tax structure changes to ensure that the coal industry remains viable in the face of stiff international competition. Addressing a media briefing i…


Roxmark drilling in Geraldton area

Drilling has started with two rigs on the Geraldton, Ont., holdings of Toronto-listed Roxmark Mines. Approximately, 10,300 ft of surface drilling is scheduled for completion by Feb 28, 1987, President…


Goldpost hits good hole in Timmins area gold bet

The Timmins, Ont., area, already stirred by the recent gold discovery of Syngold Exploration, is being further stimulated by drill results from another junior working in the area. Goldpost Resources r…


Petromet/RCI reach agreement

An agreement has been reached between Petromet Resources and Resource Capital International (RCI) whereby RCI will subscribe for 150,000 units of Petromet for a total price of $360,000. Each unit cons…


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