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 …
News
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…
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…
Pelangio-Larder confirms presence of 2 vein systems
Preliminary exploration of the Horwood Twp. gold property in northern Ontario by Pelangio- Larder Mines has been completed as part of an earn-in agreement with Bayridge Developments, Pelangio reports….
No red ink likely on ’87 balance sheet of Eldorado
Saskatchewan uranium producer Eldorado Nuclear could break even for the full year, in sharp contrast with a net loss last year of $64.4 million. For the nine months ended September 30, the company, 10…
Esso results encouraging at Shasta gold prospect
Joint venture partners Esso Minerals Canada and International Shasta Resources report encouraging results from Esso’s l987 exploration work at the Toodoggone gold-silver prospect in northern British C…
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…
Teck and San Paulo to jointventure at Leitch mine
Alberta-listed San Paulo Explorations has announced a $1 million financing through a private placement of 550,000 common shares at approximately $1.82 per share. “These funds will be used for general …
Black Swan doing well in Australian
There are some striking similarities between the Australian and Canadian mining industries; so it’s not surprising that Australian companies are doing business in Canada and Canadians are developing n…