Sullivan resumes Goldstack drilling
Good results are being reported from drilling on Goldstack Resources’ Dubuisson Twp. property with funds provided by Sullivan Mines. Hole 86-18 has returned a 41 ft intersection from 908.5 ft to 949.5…
News
News in Brief (September 15, 1986)
Abermin Corp. says it has an agreement for the private placement of 1,092,076 shares, at $1.27 per share, subject to regulatory approval.
Another 2,000-ton mill for Dumagami Another feather for the Eagle
Agnico-Eagle Mines has come up with another winner. For close on the heels of bringing its Telbel Mines’ property at Joutel, Que., into highly profitable production, Agnico is ordering a 2,000-ton mil…
U.S. consuming less iron ore
U.S. iron ore consumption dropped more than 11% in June from the previous month and nearly 13% from the same month a year ago, the American Iron Ore Association reports. Consumption totalled 4.7 milli…
Australia may resume uranium sales to France
The Australian federal government plans to resume uranium exports to France, according to a budget speech delivered in August. “The government put economic rationality ahead of factional passion by de…
Bruneau plans drill program in Estrades Twp.
Out to earn a stake in an Estrades Twp., Que., property, Bruneau Mining Corp. says it will immediately carry out a program of detailed geophysical surveys on the property. A drill program based on res…
Amer. Oakwood and Lacana drilling Toodoggone claims
Drill results are expected shortly from an exploration program being conducted by Lacana Mining Corp and American Oakwood Energy in the Toodoggone area of B.C. Murphy Oil is also a partner in the prop…
Over-the-Counter Trading Features (September 08, 1986)
A plan by Blackstone Explorations to sell radon gas detection equipment to households has caught the attention of investors. The issue moved up to 53 cents -58 cents in good volume of more than 250,0…
Normine outlines reserves at its Idaho mine
Normine Resources has outlined 2.8 million tons of reserves grading 0 .036 oz gold per ton at its Friday-Deadwood Mountain joint venture in Idaho. These reserves are classified as drill-indicated and …
Major exploration starts at Terramar’s Reid mine
Now that a prolonged fight with its Reid mine partners is over, Ter ramar Resource Corp. has commenced a major exploration program at the mine which will include dewatering the 800-ft level. The main …
News in Brief (September 08, 1986)
Share purchase warrants of Placer Development posted for trading on the TSE on May 3, 1983, in connection with a unit offering by prospectus dated March 15, 1983, expire on Sept 30, 1986.
La Teko results very high grade
Some very high grade gold values have been encountered in a drill program at La Teko Resources’ Tillicum Mountain property near Nakusp, B.C. The project has a reputation for generating bonanza-type re…