Royal Oak focusing on Maylac project
A net loss of $606,922 has been recorded by Calgary-based Royal Oak Resources for the 6-month period July 1-Dec 31, 1986. The company, which is changing its fiscal year to correspond to the calendar y…
News
Kidd to resume drilling on Chance claims in July
Drilling on the Timmins, Ont., area property which Kidd Creek Mines holds under option from Chance Mining and Exploration is scheduled to resume in late July. The $350,000 program will consist of dril…
Funding for Goldpost
Goldpost Resources Inc. has entered into an agreement with Middlefield Resources under which the Middlefield company is committed to provide Goldpost with $1 million for the purchase of flow- through …
Yorbeau high on Astoria bet
Encouraging drill results have been reported this year on the Astoria property near Rouyn, Que., by Yorbeau Resources which, pending completion of a mine feasibility study, is hoping to have the proje…
Balcor assays look promising
Significant assays have been reported from another three holes at Balcor Resources’ Lasthope property southeast of Lynn Lake, Man. The holes included 7.5 ft of 0.83 oz gold per ton, 10.8 ft averaging …
Orcana earning 50% interest in Cook property
An agreement has been signed between New Sabina Resources and Orcana Resources whereby Orcana may earn a 50% interest in the former’s Cook property in MacMurchy Twp., located 18 miles west of Gowganda…
Short-term trend has gold in `holding’ price pattern
It’s difficult to be bullish these days about the price of gold, which seems to have settled into the $440-$450(US) per oz range. In fact, the precious metal, which in May seemed on its way to the $50…
Toronto Stock Exchange June Trading tests nerve of gold investors
The month of June has been a stormy time indeed for precious metal investors who have been forced to endure a punishing test of the $440 (US) per oz price level. During the week, bullion prices plumme…
Essor intercepts new gold zone
A new gold zone on the Aiguebelle property in northwestern Quebec has been intercepted by Essor Exploration with encouraging results, President Guy Morissette reports. Hole 87-22, between a depth of 6…
Survival of flow-through debatable under tax reform
The investment community appears divided over how recent tax reform provisions will affect the future of flow-through share financing for mineral exploration. Analysts are scratching their heads over …
Noranda options Hilltop gold bet
A VSE and TSE-listed junior company, based in Vancouver, U.S. Precious Meals Inc, has entered into an agreement with the exploration arm of Noranda Inc. In the agreement Noranda Exploration can earn a…
Tungsten symposium
The fourth International Tungsten Symposium, sponsored by Canada Tungsten Mining, is scheduled to take place Sept 7-10 in Vancouver. Organizers of the conference are the Primary Tungsten Association a…