Goldenbell Resources Inc. says under a private placement arrangement Sonora Gold Corp. will purchase 9,259,000 shares of Goldenbell at $2.70(US) per share. Goldenbell says the deal is contingent on co…
An international conference on Gold — Geology, Feasibility, Mining and Extraction will take place Nov 23-25 in Vancover, B.C. The conference will have sessions on geology and exploration, feasibility…
Mineral Resources International reports net income of $4.5 million or 30 cents a share, for the nine months ended Dec 31, compared with a loss of $700,000, or 5 cents a share at the end of 1985. The…
The action wasn’t all resource companies, but mines and minerals shares had a significant, and favorable, impact on trading on the Montreal Exchange this past week. One of the most actively traded iss…
A management engineering group has been selected by ERG Resources, for the company’s $65-million gold tailings project near Timmins, Ont. Kilborn Ltd., an engineering consulting company, will complete…
The 8 South Zone of the Marigold gold project near Battle Mountain, Nev., will be the subject of an accelerated exploration program this year that will include a completed feasibility study, says Davi…
While fish is still considered Nova Scotia’s most valuable natural resource, Seabright Explorations is hoping to net a fortune in the province’s reactivated gold mining camp. At presstime a final pros…
Net earnings for 1986 were $27.3 million or $3.30 per share, Lornex Mining Corp. reports. That represents a 13% increase in profits over those realized in the previous year. Revenues, however, decline…
A letter of intent has been signed between United Reef Petroleums and a private company for the purchase, by United, of a 32,000-acre concession in the Labrador Trough. Located in northeastern Quebec,…
A unique showing of platinum mineralization, associated with uranium and gold, is the focus of an exploration program operated by Eldor Resources and funded by partner Mary Ellen Resources. Known as t…
The mood at this year’s convention of the Prospectors and Developers Association of Canada will likely swing somewhere between exhilaration and apprehension. Among the 3,000 or so delegates expected…
With a working capital of $4.3 million, Brohm Resources says it is in an excellent financial position to develop its Gilt Edge project in South Dakota. The company recently completed a private placeme…
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