News


Kilembe is encouraged by initial work results

Significant initial results are reported by Kilembe Resources from an exploration program on the Iron Mountain gold project, near Redding, Calif. The company says work to date has included reverse cir…




Mazarin, Dufresnoy conclude 2 deals

Two separate property deals in northwestern Quebec have been struck involving Mazarin Inc. and Dufresnoy Inc. In the first deal, Mazarin has acquired an option to purchase a 50% interest in Teck Corp….



COATS Trading Features (October 19, 1987)

Good volume was the characteristic of Frankfield Exoplorations this week, which helped move the issue to 48 cents . New interests are moving into the picture with new financing and a new property. It …


Battle Mountain stock offering

To increase its working capital and provide financing for corporate purposes including possible acquisitions, Battle Mountain Gold has announced a three-for-two stock split through a stock dividend. U…


Correction (October 19, 1987)

A story concerning companies controlled by Murray Pezim, in our Oct 12 issue, mistakenly referred to an adit being driven on the Pacquet Harbour group of claims on the Baie Verte Peninsula, Nfld. The …


Dollar uppermost in basket plan, forecaster says

The recent proposal by U.S. Treasury Secretary James Baker to link world currencies and a basket of commodities, including gold, has more to do with stabilizing the troubled U.S. dollar than remonetiz…


Atlanta drilling completed in Idaho

A major drill program has been completed on a property held by Atlanta Gold in Idaho. The work involved 14,046 ft of reverse circulation drilling and 3,045 ft of diamond drilling which was designed to…


Parquet to raise $5 million to finance gold projects

Parquet Resources of Toronto will raise between $1.7 million and $5 million from a flow-though share issue to finance continuing work at the company’s gold properties in Val d’Or, Que. and Beardmore, …


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