Nexus in venture in Toodoggone
Nexus Resource Corp. has concluded a joint venture agreement with St. Joe Canada and Imperial Metals Corp. on their Silver Pond property in the Toodoggone area of B.C. Under the agreement Nexus will i…
News
Magino results continue pleasing
A $7-million surface and underground exploration program at the Magino joint-venture project in the Goudreau area of northern Ontario continues to obtain encouraging results, J. T. Flanagan, president…
Hemisphere, Bow Valley drill Courageous Lake property
Drilling is under way on Hemisphere Development Corp.’s property in the Courageous Lake area of the N.W.T. An $800,000 surface exploration program will include 20,000 ft of diamond drilling. The Hemis…
Carson Hill bet about to pay off for Grandview
Patience is about to pay off for Vancouver-based Grandview Resources. The company, which poured its first dore bar last December from its Carson Hill heap-leach operation in the Mother Lode area of Ca…
Amalgamation may lead to 100,000 oz per year
The proposed amalgamation of Esperanza Explorations and Black Swan Gold Mines could result in 100,000 oz of gold production for the two companies by late 1988. According to Esperanza President John S….
Share issue by Belmoral
An agreement has been reached between Belmoral Mines and McLeod Young Weir International whereby McLeod will purchase four million units, each consisting of one share and one warrant, at $6.50 per uni…
News in Brief (July 06, 1987)
Abaterra Energy reports it has signed a letter of intent with Marshall Energy whereby Abaterra proposes to sell substantially all of its petroleum and natural gas properties and interests to Marshall,…
Exploration starts on Mets project
Exploration work has started on the Mets property of Manson Creek Resources and Golden Rule Resources in the Toodoggone area north of Smithers, B.C. Diamond drilling is scheduled to begin once drill s…
Silver rallies will be shortlived
Silver may struggle to hold $8(US) per oz for much of the summer before an improvement during and after the autumn, with the price for 1987 realistically averaging $7.50, Shearson Lehman Brothers repo…
Wilco gains option on Green Coast bet
Green Coast Resources reports it has assigned an option to Wilco Mining on a property about 60 mi west of Thunder Bay, Ont., near Upper Shebandowan Lake. Under the agreement, Wilco can earn an 80% und…
Decision near on Murgold claims in Chester Twp.
A production decision may be near for part of the Chester Twp. gold property in northern Ontario owned by Murgold Resources, President C. L. McAlpine reports in the annual report. Murgold has 294 clai…
St. Andrew to produce at Stock Twp. property
It came as no surprise to the shareholders and other interested onlookers when the announcement came that St Andrew Goldfields will proceed to production on its Stock Twp. gold mine near Timmins, Ont….