EXPLORATION ’87 GRANGES EXPLORATION
Granges has eight exploration projects on the go. On the east coast the company is doing grassroots work in a new, 2-sq-mi area called the Murphy option, which is tied to a major claim block of Norand…
News
$50-million mining finance house McDonald’s Noramco to go public
The flagship of R. A. Bruce McDonald’s growing mining empire is going public. Noramco Mining Corp., which is being touted as a mining finance house, plans to raise $50 million via a unit offering bein…
Blackdome making money, paying dividends, too
With only seven and one-half months of production under its belt, Blackdome Mining’s gold project 150 miles north of here has not only been making money but paying dividends as well. Net earnings for …
EXPLORATION ’87 QUEENSTON
In 1987 Queenston Gold Mines will be concentrating its efforts on suitable arrangements for expanded exploration of its principal Kirkland Lake area gold properties. Regarding the company’s wholly-own…
McChip seeks interest in Noranda Expl. bet
McChip Resources says it has a letter of agreement with Noranda Exploration which would give McChip the option to earn up to 50% of Noranda’s interest in a group of claims in Stock, German and Maklem …
News in Brief (March 02, 1987)
Hi-Peg Resources has changed its name to Elegance Business Corp. on a share-for-share basis.
Toronto Stock Exchange Blame Rio for slump, but look for solace in
Put the blame on Rio for this week’s whopping market slump. Bank shares, hammered all week in reaction to Brazil’s debt repayment problems, pulled the overall market into a nosedive. Not surprising, i…
Brent gets claims in Casa Berardi
A 25% interest in 236 claims has been acquired by Brent Resources. A 136-claim block is located in the Casa Berardi-Joutel area of Quebec. The remaining 100 claims are further north, in the Detour-Sel…
Duration, Thor sign agreement for exploration
A letter of agreement covering exploration of 48 claims in the Bamoos Lake area in northern Ontario has been signed by Duration Mines and Thor Lake Explorations. The property, located about 40 miles n…
Placer Gold largest contributor to Placer’s ’86 earnings
Reflecting the sale of a 21.4% interest in an Australian subsidiary, Placer Development reported net earnings of $70.3 million or $1.59 per share in 1986 compared to $35.3 million or 82 cents per shar…
Obituary J. Forbes McFarland Former Mining Commissioner dies
Always interested in natural resources and one who served with the Ontario government for 56 years in various senior mining posts — including 16 years as Mining Commissioner — J. Forbes McFarland di…
Buying coins? Check premium
Thinking of buying gold bullion coins? Then don’t forget to look at the premium you have to pay. That’s the advice contained in a recent release titled Dateline: Canada, in which Canadian Maple Leaf c…