Hardrock claims
Hardrock Extension has acquired an additional 39 claims near Geraldton, Ont. The claims tie on to ground already held by the company. The claims tie on to ground already held by the company. Affiliat…
News
THE EDITORIAL PAGE Letters to the Editor Gold’s time is here
Bank of America, chapter 11 rumors abound. Dallas-based Western Savings Bank down and three other banks announced down, ($4 billion needed to stay afloat). Farm Credit system needing $3 billion now an…
Stockmen completes Ungava exploration
A preliminary surface exploration program has been completed by Stockmen Energy on the company’s 80,000-acre permit block in the Ungav a area in northern Quebec. Held in 50% joint venture with Delawar…
Portfield options Beardmore ground
Portfield Industries of North Bay has optioned a 57-claim property in Sandra Twp. near Beardmore, Ont., to Bay Resources. Bay can earn a 70% interest by spending $600,000 by early 1988. About $200,000…
Syndicate finds platinum near Schefferville
A private company believes it could have a major platinum discovery in the Labrador trough area north of Schefferville, Que. Assays from the first half of about 2,000 samples taken by La Fosse Platinu…
Silverside cuts gold values in Garrison Twp.
Ore-grade gold mineralization has been encountered in three drill holes put down in an initial program on Silverside Resources’ Garrison Twp. property in northeastern Ontario. President Leith Hellens …
Emerald Isle busy on Kenty gold bet
Exploration is under way on the Kenty gold prospect wholly-owned by Emerald Isle Resources. Located about 75 miles southwest of Timmins, Ont., the property consists of a contiguous block of 16 patente…
EDITORIAL PAGE Secrets of the sun in an Inco mine? of neutrinos
Neutrinos? They have nothing to do, it should be immediately said, with mining. Neutrinos are in fact particles produced in the fusion furnace inside the sun. A group of scientists from three countri…
Nevada Goldfields expects production at Sumich year-end
Production is scheduled to start at the Sumich mine in Kingston Canyon, Nev., this December, says Nevada Goldfields Corp. With estimated reserves of 1,037,000 tons averaging 0.261 oz gold per ton, the…
Flanagan boosts tonnage on Mishibishu property
Results from 50 holes drilled in 1986 on Flanagan McAdam Resources’ Mishibishu Lake property in northwestern Ontario has boosted reserves by more than one-third and improved grade by 10% compared to t…
Galactic completes private placements
Galactic Resources has raised $13,875,000C through the successful completion of its private placement with a major Canadian financial institution, Robert M. Friedland, chairman, reports. The placement…
Newmont high grade results on Golden Shield property
Several high grade gold showings have been discovered by Newmont Exploration of Canada during field work on ground optioned from Golden Shield Resources. Located in Hoblitzell Twp., Ont., the property…