News

Things keep o9n looking up for Westmin’s Silbak bet

The news just keeps getting better from Westmin Resources’ British Silbak property near Stewart, one of only a few exploration programs currently under way in B.C. Westmin Resources’ British Silbak pr…


Montreal Exchange Syngold doubles

Wednesday close, Dec 10 Syngold Exploration, criticized here a month ago for spending flow- through money indiscriminately, has proved the value of the tax- incentive scheme with some drill results th…


Nine-month earnings up for Mentor Exploration

Net income jumped to $1.3 million or 40 cents per share for Mentor Exploration and Development for the nine months ended Sept 30, a substantial increase from $404,226 or 12 cents per share in the yea…


Significant gold showings claimed by Fairfield Min.

Two excellent gold showings have been found on Fairfield Minerals’ Elk property, not far from Noranda’s Brenda Mines property at Peachland, B.C. According to Fairfield, they occur in a stockwork setti…


Mono raises funds

Mono Gold Mines has completed a flow-through share issue of 500,000 shares at 60 cents per share. The private placement will provide $300,000 to the company. The cash will fund additional exploration…



Correction (December 08, 1986)

In the Nov 24 issue it was reported in the Insider Trades section th at Echo Bay Mines bought 117,371 shares of Nuinsco Resources to hold 20,009,995 shares. That latter figure is incorrect. Echo Bay n…


People (December 08, 1986)

THE URANIUM INSTITUTE — Jan Murray appointed secretary-general succeeding Terence Price who is retiring.


THE EDITORIAL PAGE The winds of flow-through

Amid the recent speculation and fears expressed by many in the ind ustry that flow-through financing may be scrapped or revamped by Finance Minister Michael Wilson in the next federal budget, comes a …


Warrants net Eden Roc $1.5 m

The exercise of 1.2 million warrants of Eden Roc Mineral Corp. has provided $1.5 million to the company’s treasury. The funds will enable the company to continue exploration work on the Asupiri gold p…


Deep Normine hold looks interesting

Significant disseminated and banded sulphides have been encountered in the the first hole put down by Normine Resources on its Wait property near Kimberley, B.C. This hole has now been completed at a …


SMDC drilling at Jojay intersects mineralized zone

A 6,800-ft drill program has met with encouragement at the Jojay gol d property held by partners Saskatchewan Mining Development Corp. (SMDC) (66%), Claude Resources (34%) and Shore Gold Fund, which c…


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