Nexus spending to soar on St. Joe Red Lake bet
Mine finding — like development — is capital intensive and the availability of exploration funding has always been a key ingredient in discovering new mines. Today that funding is often provided by …
News
Sherrgold and MMR plan Manitoba exploration blitz
Exploration in the Lynn Lake, Man., area is expected to heat up this year following a concerted effort by SherrGold Inc. and Manitoba Mineral Resources to seek more joint venture partners. The two com…
Company executive describes hole as “geologist’s dream”
A 600-ft-wide zone of strongly sericitized and sheared felsic tuffs containing 1% to 10% pyrite and, locally, visible gold, has been intersected right in the middle of Toronto-listed Wilco Mining’s 6-…
Queries From Norsemines to the Etruscans
Query: What is the latest information on Bathurst Norsemines? P. S., Toronto, Ont. Bathurst Norsemines changed its name to Etruscan Enterprises on Aug. 22, 1986. The company’s new name, explains Presi…
Magellan hits wide zone
Vancouver-listed Magellan Resources Corp. says it intersected 35 ft of 0.4-oz-gold-per-ton material in a hole put down below some old mine workings on a property in western Montana. The 36-claim South…
McChip gains option on Garrison ground
McChip Resources has obtained an option from Noranda Exploration giving McChip the right to earn up to 50% of Noranda’s interest in a property in northeastern Ontario’s Garrison Twp., north of Kirklan…
Tintina starts drill program Sudbury area bet
Tintina Mines reports it has started a 5,000-ft diamond drill program on its Massey copper property, near Sudbury, Ont. The drilling will be completed by the end of February within a wide silicified s…
Beaufield drilling cuts gold values
Anomalous gold mineralization has been encountered by drilling on the Douay and Joutel twps., Que., gold property owned by Beaufield Resources. The best results from the three-hole program assayed 0.0…
Investment Comment Overlooking Rio Algom’s pluses could mean
From a high of $28 last spring, the shares of Rio Algom have recently dropped to under $20. Over the past month or so, the market has focused on the company’s negatives — its abandonment of the East …
COATS Trading Features (January 19, 1987)
Gold issues are leading the major markets and some of the euphoria is spreading to COATS traded issues. Of interest to Carolin Mines shareholders; that issue, which was delisted by the Ontario Securit…
TSE Short Positions (January 19, 1987)
The semi-monthly report as of Dec 31 showed 12,476,508 shares of 642 issues compared with 15,239,477 shares of 626 issues on Dec 15. Larger individual positions included: Amer. Barrick 30,900; Bow Va…
Chesbar Murgold ramp to be completed by month end
An exploration ramp being put down by operator Chesbar Resources on Murgold Resources’ Chester Twp. property about 70 miles southwest of Timmins, Ont., has reached 1,082 ft and is expected to reach it…