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 …
News
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…
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…