News in brief (October 20, 1986)
Trident Resources has changed its name to Universal Trident Industries on the basis of 1 new for 5 old shares.
1986
Alberta Stock Exchange: Golds trade lower
Wednesday close, Oct 15 Lower gold prices were behind the sideways trading activity on the Alb erta Stock Exchange this week. Volumes were an uninspiring 4.4 million shares. Several mining issues mad…
Pan East negotiating flow-through deal
Pan East Resources reports it is negotiating for flow-through funds t o carry out a 2-phase exploration program on its Nova Scotia gold prospect at Fifteen Mile Stream. The first phase would cost $350…
Cumberland starts follwo up drilling
A second-phase drill program, totalling 6,000 ft, is under way on Cumberland Resources’ Evans Lake property in northwestern Ontario. The program will follow up drilling completed last summer which i…
Thompson Committee reports : Prospectors could sell their shares
Under a proposal of the 10-month-old Thompson Committee on junior min e financing, prospectors would be able to sell their shares in companies more speedily than under current regulations. The proposa…
Cyanide technology could save gold miners thousands
Three major gold producers, Lac Minerals, Campbell Red Lake Mines and Dickenson Mines may soon become the first gold miners to take advantage of a revolutionary piece of cost-saving technology develop…
Barrick issues bond
American Barrick Resources’ wholly-owned, indirect subsidiary Barrick Resources (USA), has issued a gold-linked Eurobond, guaranteed by American Barrick, to raise $50 million (US). The notes mature Oc…
Books (October 20, 1986)
A Study of Active U.S. Gold Mines, 370 pages. Published by Metals Economic Group, 1722 14th St., Boulder, CO 80302 U.S.A. Telephone (303) 442-7501. Laws and Regulations Governing Mineral Rights in Ari…
McAdam Resources has taken an option to acquire the old McWatters
about six miles southeast of Rouyn, Que. McAdam has to pay the vendor, Jack Stoch Geoconsultant Services, $500,000 over three years, 250,000 shares of McAdam with a 5-year option to buy another 125,00…
Yorbeau Resources has filed a final prospectus in Quebec for a
offering to raise $7,502,500. The offering consists of 3.25 million units, each unit consisting of one common share and one-half a purchase warrant, at 77 cents per unit, and, separately, 3,125,000 r…
Micham program confirms Swiss potential for gold
The joke goes that the only gold you are going to find in Switzerland is in the form of bullion, buried deep underneath the Zurich banks. So most people must think, since despite the abundance of outc…
Significant new gold zone on Aur’s Airport property
A significant new gold zone has been discovered by Aur Resources on its Airport property located three miles south of the city of Val d’Or, Que. The gold mineralization has been intersected in seven w…