Teck will not proceed on Fleck’s platinum bet
In a move that has left Fleck Resources in the words of President Jo hn McGoran”not in the best position,” Teck Corp. has not picked up its option on the former’s 100%-owned platinum group metals (PGM…
News
Mono Gold Mines boosts reserves
Additional drilling has enabled Mono Gold Mines to increase reserves on the company’s Madoc, Ont., area property to 249,940 tons grading 0.446 oz gold per ton. The reserves, which are not broken up by…
Letter to the Editor Westmin correction
It seems you were just a touch presumptuous in “promoting”our George Flumerfelt to the head of the class in our Mining Division, (N.M., Nov. 17/86). He’s a very capable guy but we still have Dick Ostr…
United Reef/Canhorn in joint venture
A joint venture has been formed between United Reef Petroleums and Canhorn Corp. to further explore the former’s Nickel Offsets mine acquired by Canhorn through its recent amalgamation. Under the term…
Tantalum demand should stabilize
Demand for tantalum in 1987 should be more stable than in recent years, but supply is less certain, says Roskill Information Services of London. Prices, which rose fourfold in two years to a peak of $…
Toronto Stock Exchange Golds in the driver’s seat help steer
Wednesday close, Nov 26 With golds in the driver’s seat, the market managed to inch its way back above the 3,000 level over the week, but just barely. The golds and silver index netted a gain of close…
COATS Trading Features (December 01, 1986)
Regal Goldfields Ltd. came back to life after rescinding a cease trade order. The issue opened up at 45 cents -55 cents . Regal holds a major interest in a company which is planning to carry out explo…
Syngold, CFC find new Deka zone
Syngold Exploration and Corporation Falconbridge Copper report the discovery of a new gold zone on the Deka property two miles northeast of Noranda, Que. Seven vertical drill holes on 400-ft centres h…
Alberta Stock Exchange Barron Hunter active
Wednesday close, Nov 26 Barron Hunter Hargrave Strategic Resources was the volume leader on the Alberta exchange this week, churning through more than 400,000 shares. However, the price was unable to …
Vedron advancing its decline ramp
A ramp on the Vedron Ltd. Timmins, Ont., gold property has advanced 450 ft, the company reports. Being driven to the 500-ft level, the ramp will provide access for underground drilling and bulk sampli…
News in Brief (December 01, 1986)
Tex-U.S. Oil & Gas has called a shareholders’ meeting to approve the purchase of a private company for 2.3 million post-consolidated shares. The company plans to consolidate shares on a 1-for-5-basis …
Northair reserves readily accessible
An independent evaluation of Northair Mines’ Willa property has come up with a reserve of 546,500 tons grading 0.182 oz gold, 0.28 oz silver and 0.87% copper across widths of 30-120 ft. President Dona…