News in Brief (September 22, 1986)
Contender Resources has changed its name to Strategic Communications Ltd. on a share-for-share basis.
News
Agreement could lead to renewed production at Beardmore by 1987
Gold production at an estimated rate of 15,000 oz a year could begin as early as next year in the Geraldton-Beardmore area of northern Ontario. A private company, Norben Gold Resources of Peterborough…
Beaufield options Falconbridge bet
A joint venture agreement has been signed between Falconbridge Ltd. and Beaufield Resources which gives the latter company the right to earn a 25% stake in 897 claims owned by Falconbridge. Located 30…
Golden Giant mine exceeds expectations
The Golden Giant gold mine in Ontario’s Hemlo gold camp continues to produce at levels exceeding predictions, reports Golden Sceptre Resources . The first mine in the famed camp to produce gold, pour…
Energex correction
A page one story in last week’s issue on Energex Minerals incorrectly stated the company had a 1986 budget of $24 million for exploration on its large land position. That figure should have read $2.4 …
Borealis drilling on NWT property
Development drilling on 5-m spacings to establish mineable reserves has started on Borealis Exploration’s Fat Lake area property in the Keewatin District of the Northwest Territories. A small open pit…
GOLDEN SHIELD EXPECTS TO SEE MIRADO FEASIBILITY BY OCTOBER
A feasibility study on Golden Shield Resources’ Mirado gold mine pro ject is expected to be completed by October, says President Raymond Mongeau.c To date the company has completed 700 ft of explorati…
Bresea/Ayrex plan drilling
Drilling is scheduled to start this month by operator Bresea Resourc es and 50/50 joint venture partner Ayrex Resources on their 324-claim Casa Berardi property. Located in Desmazures and Cavalier twp…
Lacana expects to double gold production by ’89
During the next two to three years Lacana Mining Corp. hopes to more than double gold production from the current 60,000 oz per year to more than 120,000 oz per year, Dr William H. Gross, chairman and…
Eider drilling on Lac Rose be
Eider Resources is starting a diamond drill program on its Lac Rose property in northwestern Quebec to test a geochemical target and evaluate the average grade of the known veins. Geologist Michel Roy…
Books (September 22, 1986)
So You Want a Fight: Shareholder Rights and Remedies in Canada, 1st Edition, 1986 by Henry J. Knowles, Pamela Chapple and Tye Burt. ISBN 0-88796 366 8, 246 pages, heavy paper cover, $16.95. CCH Canadi…
Deep oil discovery unique for province
Home Oil Company reports what it describes as the first significant deep oil discovery ever made in Saskatchewan. It says the North Tableland 8-22 well was drilled in February this year to a total dep…