People (December 22, 1986)
INCO LTD – Hon. John Black Aird elected a director.
1986
Letters to the Editor Raise red alarm flag
We read with interest the continuing debate by the Ontario Securities Commission and the Thompson Committee regarding the commissions paid on financings raised by the “broker-dealers.” Disregarding th…
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…
Quebec Explorers’ underground drilling could boost reserves
Quebec Explorers plans to spend $1.3 million for exploration aimed at increasing reserves on its Dubuisson Twp. property in northwestern Quebec from 440,000 tons grading 0.21 oz gold per ton already i…
Sonora, Pathfinder project After two years of delay, Jamestown to
Milling of ore at a rate of 6,000 tons per day from the Harvard open pit is scheduled to begin this week at Sonora Gold Corp’s Jamestown gold mine in California. For the management of Sonora, the anno…
Aunore drills Elder
Additional surface diamond drilling is being performed by Aunore Resources and partner Nova Beaucage Mines on their joint ventured Elder mine property near Rouyn, Que. The work is designed to test f…
Teck/Tundra considering underground exploration
The first underground drill hole, completed from the 1,800-ft level of the shutdown Lamaque gold mine near Val d’Or, Que., has intersected encouraging gold mineralization, partners Teck Corp. and Tund…
Getty, Davidson launch program
A $2.6-million exploration program covering the balance of the 1986 flow-through year has commenced at the Tisdale gold project of Getty Resources and Davidson Tisdale Mines near Timmins, Ont. Getty h…
Goldstack and partners add to Dubuisson reserves
Drilling has added to reserves at the Dubuisson Twp., Que., gold project operated by Aumine Exploration for partners Goldstack Resources and Sullivan Mines. A 23,000-ft drill program completed this mo…
New research lab opened in Rouyn
A new mining research facility has been opened in the Abitibi- Temiscamingue region of northwestern Quebec. The facility is housed in the sciences department of the College de l’Abitibi-Temiscamingue …
Noront Res. busy on Olive-Preston
Dewatering and shaft rehabilitation is slated on the 59-claim Olive- Preston project as soon as possible, weather permitting, by Noront Resources. The Toronto-based company can earn up to a 60% intere…
Alberta Stock Exchange Goldhunter Soars
An option deal between Goldhunter Expolorations and Gallagher Explorations provided a shot in the arm for the former company, as it surged to a new high of 90 cents before correcting to 73 cents on …