Duration cuts VG in first drill hole
Visible gold has been cut in a drill section completed by Duration Mines on the company’s large Casa Berardi area property in Quebec. Three of seven holes intersected quartz veining associated with a …
News
Teck to resume drilling Houston B.C. zinc property
Ramm Venture Corp., which was the third largest trader on the Vancouver exchange in 1984, trading as high as $3.10, has raised $600,000 in flow-through financing. The money will be used, President Joh…
Over-the-Counter Trading Features (November 17, 1986)
Several issues made good gains on the over-the-counter markets this week. Hucamp Mines traded up to $1.50. Noranda, which has Hucamp’s Manitouwadge, Ont., property under option, has encountered sulphi…
Teck moves with speed on Cominco takeover borrowing
Teck Corp. has moved quickly to eliminate the short-term bank borro wings it required for the takeover of Cominco. The company will place 1.75 million units in Europe which should net about $60 millio…
Mineralization at Tommy Jack project
Gold-silver mineralization has been encountered on the Tommy Jack property in northwest B.C. by joint venture partners Goldcap Inc. and Noranda Explorations. This mineralization was encountered in a s…
Report says Williams drops role in lawsuit
The Ontario Court of Appeal had received no official notice by Nov 12 that Lola Williams and Williams Co., a private company based in Salisbury, Md., have dropped their intervention in Lac Minerals’ a…
Merietta Resource Corp has negotiated a private placement sale of
200,000 shares of the company’s capital stock at 45 cents per share. These shares will be designated as flow-through, the company says, and the proceeds will go to finance exploration on the company’…
Cornucopia renegotiates Red Mountain deal
A lease agreement held by Cornucopia Resources has been renegotiated, the company says. The agreement concerns the Red Mountain gold deposit in Colorado. Under the new deal, Cornucopia will receive a …
Lac/Cambior Doyon gets even better
Two ore zones have been intersected in the first hole of a deep drilling program at the Doyon gold mine in northwestern Quebec. The program was initiated by joint venture partners Lac Minerals and Cam…
Malartic Hygrade has lower earnings
Malartic Hygrade Gold Mines reports net earnings for the 9-month period ended Sept 30 of $1,447,694 or 41 cents per share compared to $1,553,770, or 44 cents per share, for the same period in 1985. …
Better encouraged by drill results
Drilling is continuing at Better Resources’ Mt. Washington gold property on Vancouver Island and the results are proving to be quite encouraging. Two drills are operating there and some good gold valu…
Alberta Stock Exchange: Pennant Pacific best gainer
Wednesday close, Nov 12 The largest gain for the week was made by Pennant Pacific Resources, the foreign controlled junior which is getting into gold mining. The company, which added $1.50 on the week…