Anomalous platinum assayed by Stockmen
Anomalous platinum values have been assayed following a reconnaissance geochemical survey of claims held by Stockmen Energy in the Ungava area of northern Quebec. Of 125 grab samples collected, 80 wer…
News
Toronto Stock Exchange Pre-holiday slump makes for dreary market
Wednesday close, Dec 17 Investors were feeling anything but festive, judging by the dreary market action this past week. The widely followed composite 300 fell 14.59 pts on the week, including a 2.25 …
Placer to drill on Colray’s N.W.T. claims
An exploration program including surface work and more than 9,000 ft of diamond drilling is planned for the 1987 field season on Colray Resources’ holdings in the Courageous Lake area in the Northwest…
Barrick buying second half of Nevada mine
American Barrick Resources has locked up a 100% working interest in Nevada’s Goldstrike gold mine with an agreement to buy Western States Minerals’ 50% interest in the property. The purchase from West…
Noranda workers reject latest offer
The latest offer by Noranda Minerals’ Horne Division in Noranda, Que., to striking workers has been rejected. Members of the CNTU voted 71.5% in favor of rejecting the company’s final offer for a new …
Mine Expansion funded by cash flow, Milner says
Positive cash flow from mining operations at the San Andres open pit in Honduras is funding mine expansion, partners Milner Consolidated Silver Mines and Madeleine Mines say. Both companies hold a 25….
X-Cal drilling on Snowbird bet
A 10-hole, 3,000-ft diamond drilling program has been completed on the Snowbird property in the Omineca mining district of B.C. by X-Cal Resources. The drill program indicates that the Snowbird gold/a…
Correction Tax Angles
In the Tax Angles column by John Playfair and Barry Dent in the Dec 15 issue, it was incorrectly stated that, should a bill tabled in the House of Commons be passed, the alternative minimum tax (AMT) …
Vancouver Stock Exchange Waiting for the year-end rally
Wednesday close, Dec 17 The tone of the Vancouver market has changed significantly with a number of factors, including tax loss selling, depressing trading activity and prices. The year-end rally that…
Audrey Res. to seek $8-million financing
An $8-million financing will be sought by Audrey Resources for the company’s optioned Mobrun project. The cash will be used for continued exploration of the property up to June, 1987. By making the ex…
Montreal Exchange Syngold sets a new high
Wednesday close, Dec 17 For the second week in a row Syngold Exploration was the most active issue on the Montreal Exchange establishing another high on the strength of drilling results from the Owl C…
Golden Pond will comply on share tradeback
Golden Pond Resources will comply with a Quebec Superior Court decision ordering it to trade back all the shares of A-Pri-Or Mining Exploration it had acquired since June 27 in exchange for Golden Pon…