Crown, Noranda confirm reserves at Montana bet
The 1987 drilling program at the New World gold project near Cooke City, Mon., confirmed current reserve figures and raised the possibility of additional tonnage, Crown Butte Resources and Noranda Exp…
News
Giant Yellowknife’s profit improved by Timmins results
Consolidated earnings for Giant Yellowknife Mines totalled $9.3 million or $1.33 per share for the 9- month period ended Sept 30. This compares with earnings of $2.8 million or 66 cents per share rea…
Uranium market changes foreseen
Market trends in uranium are creating new situations in which it is becoming more difficult for utilities and producers to accommodate the requirements of each other, Nuexco’s George White, Jr says. A…
Hycroft poised to increase output with second Nevada gold producer
Junior gold producer Hycroft Resources & Development is poised to join the big leagues when its second Nevada mine comes on-stream in early 1988. Annual gold output will jump 50,000 oz to 75,000 oz go…
NAR agreement
North American Rare Metals reports it has an agreement with IMEX (1987) Exploration and Company Limited Partnership providing for a private placement of $1,500,000 on a flow-through basis, at a price …
Site construction is on schedule at Skyline bet
Construction and mobilization of the mill equipment is on schedule at its wholly-owned Johnny Mountain gold property located north of Stewart, B.C., Skyline Explorations reports. The recreation hall a…
Novagold drilling
NovaGold Resources has started drilling the first of two deep holes on its Fifteen Mile Stream property in Halifax Cty., N.S. The first hole is targeted for a depth of 1,600 ft and the second will go …
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 …
Coronado to drill Troymin’s Yellowknife gold prospect
Coronado Resources plans to start a 2,500-ft drilling program on Troymin Resources’ MON gold prospect near Yellowknife, Y.T., by mid-November. Drilling in 10-12 holes will test the A zone area and alo…
Micham gets option from Mono]]
Micham Exploration has signed an agreement with Mono Gold Mines giving it the right to earn a 51% interest in Mono’s Bannockburn gold property by buying 350,000 Mono shares at 72 cents per share plus…
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…
Marker, Varna begin $2.5 m drill program (November 16, 1987)
Marker Resources and partner Varna Resources have started a $2.5- million diamond drilling program on projects in Newfoundland and Manitoba. Varna and Marker plan to amalgamate shortly. In Newfoundlan…