Sunburst optimistic about re-activation
Aggressively seeking equity financing, Sunburst Exploration is optimistic that it can be re-activated as a dynamic junior mineral exploration entity in this current fiscal year. Director T. Jensen rep…
News
Vancouver Stock Exchange: Gold boosts precious metal issues
Wednesday close, Oct 8 Strengthening precious metal prices took their expected effect on VSE-listed gold issues. Although volumes dipped to 60.3 million shares for the week, many issues experienced st…
American Eagle will fly Oct 20
The Eagle, the first gold coin minted by the U.S. government in 54 years, will go on sale Oct 20. Sales of the legal tender, 92% pure-gold coin are expected to reach as high as 2.2 million oz of gold …
Nova buys old Ontario mine works on another in Quebec
Already well advanced on a joint venture re-development program on an old mine in Quebec, Nova Beaucage Mines is setting out on its own with a similar re-development scheme for a mine in Ontario. The …
Nexus starts drill program on Birch Lake property (use with TABLE)
A 4,000-m diamond drill program has begun on Nexus Resource Corp.’s 493-claim Birch Lake property, about 65 miles east of Red Lake, Ont., the company says. The target is gold mineralization associated…
Temporary shutdown at Inco’s Garson
All underground mining operations at Inco Ltd.’s Garson mine in Sudbury are being temporarily shut down as a result of the latest unexpected fall of ground on Sept 30. Garson mine has unique geologica…
Fleck aims for TSE listing by new year
Progress is being made towards a listing on The Toronto Stock Exchange, reports Fleck Resources, President John McGoran. Indeed, this listing is scheduled to take place in January, 1987, concurrent wi…
Nanisivik, Ontario rescue co-winners
Ontario’s mine rescue team, entered for the first time ever in the national mine rescue competition, has tied with a Northwest Territories team from Nanisivik Mines for top spot in the event, held rec…
Shares of St. Joe Gold Corp. were posted for trading on The
Exchange on Oct 6. This original listing in the mining category is for 31 million common shares, all of which are issued and outstanding. The company is primarily engaged in the exploration for and de…
Quebec Sturgeon River Mines has sold 345,000 treasury shares at a
$4 per share which raised $1,380,000. The proceeds will be used for corporate purposes, the company says.
Decline well under way at Newhawk’s Sulphurets
The 1,200-ft underground decline is well under way at the Sulphurets property in northwestern B.C., reports operator Newhawk Gold Mines. Newhawk and Lacana Mining hold the property under option from G…
Report from Calgary: Asamera results disappointing
Asamera Inc. reports that a total of 134,726 tons of ore was processed through the mill at the Cannon mine in Wenatchee, Wash., during the second quarter of 1986. An 82.37% flotation recovery was aver…