Algo to drill at Adams Lake bet
Drill testing at Algo Resources’ Adams Lake plateau gold and silver prospect is expected to resume immediately. President Errol Hemingson said that under the phase 2 program, his company plans 4,000 f…
News
Cease Trading Orders
The following is a list of outstanding cease trading orders issued by the Ontario Securities Commission from Jan 1 to June 30: Aubet Resources (5/14/87) Bearcat Explorations (5/14/87) Benvan Holdings …
Alberta Stock Exchange Platinum boosts issues
While growing tensions in the Persian Gulf propelled gold prices to $467(US) per oz, it was platinum which had investors racing to buy up shares of two Alberta issues. Trading on a volume of 952,900, …
Canadian gold production jumps almost 20% in ’86
Production of metals, non- metallics and structural materials in Canada was worth $15.6 million in 1986, up slightly from the 1985 record value, the Mining Association of Canada reports. Last year was…
Echo Bay Kettle River bet heading for production
With four gold deposits already discovered, it’s not surprising that Echo Bay Mines has put its Kettle River project in Washington State on a fast track to production. Vancouver- listed Gold Texas Res…
Omni receives Skukum results
Preliminary results have been received from the underground program at Omni Resources’ Skukum Creek property 30 miles south of Whitehorse. By July 23 the adit was in a total of 2,850 ft and two zones …
Drilling resumes at Bugow project
Drilling has resumed on Aber Resources’ Bugow joint venture gold prospect at Russell Lake, N.W.T. New York-listed Freeport- McMoRan Gold is currently earning a 51% interest in the 10,000-acre proper…
General News & Comment Surveys released to B.C. prospectors
Geochemical survey data on the mineral potential of a 29,000-km area in the Smithers region of northwestern British Columbia, has been released to prospectors by the province’s ministry of energy, min…
Investment Comment London analysts like American Barrick
Flush with cash and waiting for increased production from some of its key properties, American Barrick Resources is a company which has caught the eye of London, England-based Barclays de Zoete Wedd R…
Rio Algom reports earnings decline
Potash problems combined with lower uranium prices were responsible for a drop in Rio Algom’s net earnings for the first six months of 1987. Rio Algom reported unaudited consolidated net earnings of $…
Significant gold discovery by Norands Expl. in B.C.
There are unconfirmed reports that Noranda Exploration has made a significant gold discovery northwest of Prince George, B.C., near Fort St. James. The Northern Miner has received information that at …
Option Expires for Oracle Res.
Western Quebec Mines says that Oracle Exploration’s option to acquire a 45% interest in the Joubi property near Val d’Or, Que., has expired as a result of Oracle’s failure to provide the required fund…