News in Brief (April 06, 1987)
Yucana Resources has changed its name to Shamrock Resources Inc. on a basis of 1 new for 2.5 old shares.
News
Ojibway bands stake claim in north Superior property
While the Hemlo gold find in northern Ontario has been big news for a few years now, it may soon find itself indirectly involved in another controversial issue, this one dealing with an Indian land cl…
Moneta high grade
Moneta Porcupine Mines has intersected a high grade section on its Michaud Twp., Ont., gold property. Located 70 miles east of Timmins, one drill hole cut 5 ft grading 0.6 oz. Included in the section …
Editorial Mr. Reagan gets our goat
Americans (in the White House at least) do not seem to share the concern we Canadians have for a healthy, clean environment. They seem to place a higher value on technological supremacy, regardless of…
Editorial Safety record improves
It’s somewhat ironic that tough economic times for the mining industry can be counted as something of a blessing in disguise, at least as far as mine safety is concerned. The Mines Accident Preventi…
Bay takeover bid by St. Genevieve
Bay Resources and Services has received a takeover offer from affiliate company St. Genevieve Resources. The St. Genevieve offer consists of one common share for each two Bay shares held. The deal is …
Second anomaly hit by Normine on B.C. claims
A second large geophysical anomaly has been located by Normine Resources on its Wait claim group near Kimberley, B.C. The company’s consultant says the new B anomaly “fits the classic pattern of gravi…
New test for Red Lake gold property
With junior mine financing made vastly easier these days, and interest in gold mining now at a high pitch, many of the long-dormant mines and properties are being given another chance. This includes t…
Increased gold production tops on Northgate’s agenda
With a healthy working capital of just over $18 million, Northgate Exploration is out seriously shopping for a new acquisition in the precious metals arena. .T No small task, as President John Kearn…
Golden Eye encouraged by zinc search results
Contrary to widespread belief, there are people looking for metals other than gold. In the base metals sector zinc is probably the only game in town — even more so if there are some precious metal cr…
Investment Comment Placer geared to strong growth
Like everyone else, investors like to have something to look forward to. And strong growth in their stocks is high on the list of what they want to see. Toronto-listed Placer Development fits into thi…
Noranda Expl. Golden Princess
A joint venture agreement has been concluded between Noranda Exploration and Golden Princess Mining for the old Nickel Offsets property near Timmins, Ont. Some adjoining ground is also included in the…