Savanna drilling cuts sulphides, gold
In-fill drilling by Savanna Resources on the company’s Turner Albright massive sulpide deposit has cut wide sections of sulphide and gold mineralization. The property is located in Oregon. Hole 60 int…
News
Citadel results on Wawa drilling
A program of 87 surface and underground diamond drill holes totalling 25,117 ft has been completed by Citadel Gold Mines on its four Wawa, Ont. area properties. At the former producing Surluga gold mi…
Decline is completed at La Ronge Jolu bet
An underground decline has been completed at the Jolu property in the La Ronge area of Saskatchewan. Royex Gold Mining is operator for the joint venture which includes Canadian Premium Resource Corp. …
Information source on VSE companies
What must certainly represent the most comprehensive source of information on Vancouver Stock Exchange companies is now available from Mining Software Services (M.S.S.), of Delta, B.C. Titled the VSE-…
Malartic boasts healthy net income
Reporting a net income in 1986 of $1.9 million (54 cents per share) was Toronto-based Malartic Hygrade, with last year’s total up slightly from 1985. Cash flow from operations in 1986 increased approx…
Scintilore leaps into Hemlo fray
Warfare over the billion dollar Hemlo, Ont., gold discoveries is far from over. Another combatant has entered the fray. Scintilore Explorations, a Toronto Stock Exchange-listed junior exploration comp…
Precious metals surge would spur Agnico-Eagle
The surge in precious metals prices, if maintained, promises to have a profound effect on the earnings of Agnico-Eagle Mines, especially for its silver division which has been building up a strong and…
Getty options claims from Esso Minerals
Getty Resources has signed an option agreement with Esso Minerals giving Getty the right to earn a 51% interest in Esso’s property north of Timmins, Ont. Located in Tisdale Twp., the claims are immedi…
Robex identifies new structure
A 48-ft thick structure at a depth of 222 ft has been identified by Robex Resources of Montreal on its Soma property in Duverny Twp. in Abitibi in northwestern Quebec. The new weathering zone was iden…
New Canadian company from Yuba Natural Res.
San Diego-based Yuba Natural Resources says its board has approved the formation of a new Canadian company called Yuba American Gold. Yuba is involved in gold dredging operations in alluvial gravels s…
Muscocho gets good results
A length of 511 ft of drifting on the main zone at the Magnacon joint-venture project has averaged 0.425 oz gold per ton over 6.8 ft, the president of Muscocho Explorations, J. T. Flanagan, reports. M…
Muscocho/Tashota start field work
Field work is now well underway on the 1,647-claim joint venture program in the Baie Verte area, Newfoundland, in which Muscocho Explorations (25%) and Tashota- Nipigon Mines (25%) are participating w…