Books in Review (November 16, 1987)
The Prospect for Gold: the view to the year 2000 by Timothy Green; ** published by Rosendale Press, 140 Rosendale Rd., Dulwich, London SE21 8LG; available in North America from Walker & Co., 720 Fifth…
1987
Pacific Minesearch drills U.S. bet
Encouraged by results at its Howie gold property near Charlotte, N.C., Pacific Minesearch is continuing a 15,000-ft diamond drilling program. In a joint venture with Cominco America, the company will …
McAdam confirms three zones at McWatters gold property
Having survived the recent stock market debacle with its share price relatively intact, McAdam Resources of Toronto recently released an update on its exploration properties. At press time, the McAdam…
Vancouver Stock Exchange No “slaughterhouse” for Destiny
These are certainly trying times for investors not only in Vancouver but on the big boards in New York and Toronto. It’s been a no win situation for just about everybody. Bargain hunters seeking quick…
United Reef samples Montana property
United Reef Petroleums is encouraged by underground sampling results from the company’s Alder Gulch gold property in Montana. Sampling of the Atlas vein returned an assay of 0.27 oz gold per ton acros…
Battle Mountain defers offering
A public offering of 5.25 million common shares of Battle Mountain Gold has been postponed by the company. Chairman Douglas Bourne said the company made the decision because of the current volatility …
Drilling by Galactic, Quartz Mountain tops 400 holes
More than 400 holes representing more than 150,000 ft of drilling were completed by the end of October by Galactic Resources and Quartz Mountain Gold at their south-central Oregon property. The compan…
Malartic OKs gold production from Orion mine
A production decision has been made for Malartic Hygrade Gold Mines’ wholly-owned No 8 gold zone, to be called the Orion mine, on the company’s property near Malartic, Que. Mining is expected to start…
Noble Peak happy with results at Happy Lake
Assay results from exploration work this season in the Happy Lake area near Rankin Inlet, N.W.T., is starting to tie together previously apparent erratic and discontinuous gold values, according to pr…
New pilot plant at Killick’s Adams bet
Killick Gold of Salmon Arm, B.C. has completed exploration at its Adams Plateau mineral claims near Kamloops B.C., the company announced recently. An 1,800-ton bulk sample was assayed recently at the …
Newhawk and Lacana deal gets shareholder approval
The reverse takeover of Newhawk Gold Mines by Lacana Mining Corp. has been approved by Newhawk shareholders. The deal will see Newhawk acquire Lacana’s 30% interest in the Sulphurets gold project in B…
Atlantic Report NovaGold going to bulk sample
Approval has been received by NovaGold Resources to proceed with a bulk sampling program at its Fifteen Mile Stream gold property in Halifax Cty., N.S. The company reports a 20,000- ton bulk sample wi…