News


Dejour awaits project moneys

It looks as if the Detour Lake mine is gearing up its new underground gold mine with production slated at 1,800 tonnes of ore per day by December, 1987. “Though the final approval has not been given, …


Mid-Canada, Abitibi begin drill programs

A drilling program is under way on the Bourlamaque, Que., gold prope rty held by partners Mid- Canada Gold & Copper Mines and Abitibi Resources. After this phase of exploration Abitbi will have earned…



Acadia joins stock market with a fistfull of assets

“I don’t think I’ve seen a junior mining company come to market with such a package of properties.” That is how Dan Farrel, who has been with Merit Investment Corp. of Toronto for seven years, introdu…


Odessa completes small drill program

A 4-hole drill program has been completed on the Birchville gold pro perty by Odessa Explorations. The property is located in the Mother Lode area of California. Assays from the drilling are expected …


Cane Corp’s survey defines drill targets

An airborne geophysical survey has been completed by Cane Corp. on t he company’s claim group in Vezza Twp., Que. The survey located several targets warranting diamond drilling, the company says. Fund…


Rambo intersects 70-ft shear zone, gold values given

Rambo Explorations says it has intersected an altered shear zone inj ected with quartz veins and veinlets and mineralized with pyrite and arsenopyrite over more than 70 ft on its Turgeon property in M…


Pacific Trans optimistic that Ketza project is a go

A favorable production decision is expected on the Ketza River prope rty, says C.D. Stewart, President of Pacific Trans Ocean Resources, which holds a 50% interest in this Yukon gold project. As part …


Shares offered by Barrick to buy Pancana Minerals

American Barrick Resources is swallowing another gold producer — its sixth acquisition since 1983 — as it continues to increase its gold production. The non-cash transaction will see each share of P…


Golden Shield ups Mirado reserves

Reserves at the Mirado gold property controlled by Golden Shield Res ources have been increased by almost 30%, the company reports. Located near Kirkland Lake, Ont., the Mirado property hosts drill-in…


McFinley buying back in Red Lake gold project

McFinley Red Lake Mines, which holds a 50% stake in the McFinley gol d project, will purchase the remaining 50% stake from partners Phoenix Gold Mines and The Coniagas Mines. The purchase price is $3 …


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