Energy to drill in Timmins area
A program of line-cutting, geophysical and first phase of a diamond drilling program is planned by Alberta-listed Energy International Overseas Corp. on its newly- acquired Bernier group of claims nea…
News
Editorial The Biggest Bang for our Bucks
Are you a bright, experienced professional mine engineer who gets a thrill out of making new things go? Well, the mining industry is looking for ways to implement innovative products or machines tha…
Second phase is planned on Beaufield Resources project
Based on encouraging exploration results, Falconbridge Ltd. is proposing a second phase of exploration for the Lac Barry project, held under option by Beaufield Resources. Located 140 km northeast of …
Debt reduction key element in plan
Debt reduction will be a key element in Cominco’s 1987 business plan, according to Robert E. Hallbauer, president and chief executive officer. At the annual meeting, he announced plans to “reduce exis…
Orcana negotiating on gold property
Toronto-based Orcana Resources is negotiating an agreement on a gold property in northern Ontario known to have intercepts of commercial gold values over modest widths, shareholders of the company wer…
Multinational gets $1m. from Japan
A large Japanese trading house will provide $1 million for exploration and development of Multinational Resources’ Toodoggone gold property in northwestern B.C. Two Canadian subsidiaries of Nissho Iwa…
Merger proposed for 2 companies
The directors of Golden Rule Resources and Goldsil Resources are recommending to their shareholders that the two companies merge. The amalgamated company will issue each shareholder of Golden Rule 1.5…
Go-ahead on Ansil upcoming by Minnova
A production decision is expected to be made in the third quarter of this year on the high grade Ansil copper deposit in the Lac Dufault camp near Rouyn- Noranda, Que., with production slated to start…
New exploration program started by Chesbar Res.
A new $2.77 million exploration program has started at Chesbar Resources’s gold project in Chester Twp., near Gogama, in northern Ontario. The program calls for extension of the ramp by 1,300 ft to pe…
Nordac planning a share consolidation
Shareholder approval will be sought by Nordac Mining for the company’s plan to consolidate its common shares on a one new share for each 2.5 shares held basis. Nordac, which will have its name changed…
Shannon drilling near Matagami
A second-phase 16,500-ft drilling program has been started by Shannon Energy on the company’s property near Matagami, Que. The program is testing a geophysical anomaly thought to represent a conductin…
Conquest Yellowknife continues drilling
Alberta-listed Conquest Yellowknife Resources has released results from exploration geophysics and diamond drilling at its Campbell patents, or Smith Lake property in Leeson Twp., in the Renabie area …