New Beginnings gets funds for exploration
A $1-million flow-through- share-funded exploration program will be conducted this year on two properties held by New Beginnings Resources. At the 59-claim Oskabukuta property east of Hemlo, Ont., New…
News
Obituary (February 09, 1987)
Henry L. Hill, a prominent consulting engineer and past president of the B.C. & Yukon Chamber of Mines, died recently in Vancouver in his 80th year. He founded his own consulting firm in 1944 and reti…
Mining industry “a priority” B.C. premier tells Chamber
Without giving any specifics, the premier of British Columbia told a B.C. & Yukon Chamber of Mines luncheon that deregulation will be a top priority for his government. According to William Vander Zal…
Lynx-Canada drills, Sparton drops out
Drilling is in progress testing six targets on the Harker-Garrison property held by Lynx-Canada Explorations. Sparton Resources declined to participate in the program, leaving Lynx to fund continuing …
Kenora bets not to overlook
Since the beginning of January, second-tier Canadian gold stocks — companies on stream to production or clearly prospective new producers in advanced stages of exploration — have by and large come t…
Hardrock drilling cuts quartz vein
The first hole of this year’s diamond drilling project encountered a 12-ft-wide quartz vein on its property near Geraldton Ont., reports Hardrock Extensions President S. M. Malouf. The quartz vein exh…
Tonnage, grade increases on Eureka B.C project.
Eureka Resources reports an independent evaluation of 1986 exploration results on the company’s Frasergold precious metals project in central B.C. has confirmed upgrading of results and tonnage and gr…
News in Brief (February 09, 1987)
Malartic Hygrade Gold Mines has arranged financing for $3.1 million via an issue of flow-through shares to two funds in Quebec. The funds will finance exploration in the company’s Orion property in Qu…
Montreal Exchange Vior jumps by 50%
Tight-lipped Sigma Mines permitted Vior to release results of a super hole drilled on Vior’s Ligneris Twp. property. Hole 73 cut 40 ft grading 0.35 oz gold per ton, although results from some check as…
Gold production 480,000 oz for Echo Bay Mines in 1987
With 480,000 oz of gold estimated to be produced this year, output has more than quadrupled for Edmonton-based Echo Bay Mines from the 118,000 oz poured back in 1983 from its then-only gold mining ope…
Murray Pezim believed out to regain Corona
The man who financed International Corona and through it the discovery of the Hemlo gold camp wants his money back. Murray Pezim has gone public about a rift with Corona Chairman Peter Steen and he ma…
Northair drilling `Spectacular’ intersection
Recent drill results from Northair Mines’ Willa gold project in southeastern B.C. included one spectacular intersection grading 1.4 oz over 59 ft. According to Donald A. McLeod, president, check assay…